Vanguard Personalized Indexing Management LLC Boosts Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Vanguard Personalized Indexing Management LLC grew its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 9.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,159 shares of the business services provider’s stock after purchasing an additional 1,130 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Waste Connections were worth $2,308,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC boosted its position in shares of Waste Connections by 116.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 160 shares of the business services provider’s stock worth $28,000 after buying an additional 86 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Waste Connections during the 1st quarter worth about $32,000. Pathway Financial Advisers LLC purchased a new position in Waste Connections in the 1st quarter valued at about $43,000. Signature Resources Capital Management LLC purchased a new stake in shares of Waste Connections during the second quarter worth about $45,000. Finally, Sands Capital Management LLC raised its position in shares of Waste Connections by 76.6% in the fourth quarter. Sands Capital Management LLC now owns 378 shares of the business services provider’s stock valued at $56,000 after buying an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Insider Activity at Waste Connections

In related news, CFO Mary Anne Whitney sold 16,300 shares of Waste Connections stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $178.05, for a total value of $2,902,215.00. Following the transaction, the chief financial officer now owns 48,899 shares in the company, valued at approximately $8,706,466.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Robert Nielsen III sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $180.15, for a total transaction of $180,150.00. Following the completion of the sale, the senior vice president now directly owns 4,321 shares of the company’s stock, valued at approximately $778,428.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mary Anne Whitney sold 16,300 shares of Waste Connections stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $178.05, for a total value of $2,902,215.00. Following the completion of the sale, the chief financial officer now directly owns 48,899 shares in the company, valued at approximately $8,706,466.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,600 shares of company stock valued at $3,842,550. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on WCN. Royal Bank of Canada lifted their price objective on Waste Connections from $195.00 to $199.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Truist Financial boosted their target price on shares of Waste Connections from $180.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Raymond James increased their price target on shares of Waste Connections from $190.00 to $207.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 22nd. Oppenheimer boosted their price objective on shares of Waste Connections from $181.00 to $191.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, TD Cowen lifted their target price on Waste Connections from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $187.28.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at $179.07 on Friday. Waste Connections, Inc. has a 12 month low of $126.12 and a 12 month high of $187.54. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.97. The stock has a market cap of $46.20 billion, a PE ratio of 58.14, a price-to-earnings-growth ratio of 2.96 and a beta of 0.72. The business has a fifty day simple moving average of $181.85 and a 200-day simple moving average of $173.38.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.07. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.22 billion. Waste Connections had a return on equity of 15.16% and a net margin of 10.23%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the company posted $1.02 EPS. On average, sell-side analysts anticipate that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.

Waste Connections Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Wednesday, August 7th were given a $0.285 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $1.14 dividend on an annualized basis and a yield of 0.64%. Waste Connections’s payout ratio is 37.01%.

Waste Connections Company Profile

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.