Skandinaviska Enskilda Banken AB publ Increases Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Skandinaviska Enskilda Banken AB publ boosted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 1.2% in the second quarter, HoldingsChannel.com reports. The fund owned 52,578 shares of the business services provider’s stock after purchasing an additional 604 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Waste Connections were worth $9,220,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WCN. Hexagon Capital Partners LLC raised its position in Waste Connections by 116.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 160 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 86 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Waste Connections in the 1st quarter valued at about $32,000. Pathway Financial Advisers LLC acquired a new stake in Waste Connections in the 1st quarter valued at about $43,000. Signature Resources Capital Management LLC acquired a new stake in shares of Waste Connections during the 2nd quarter worth about $45,000. Finally, Carolinas Wealth Consulting LLC raised its position in shares of Waste Connections by 3,885.7% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 279 shares of the business services provider’s stock worth $49,000 after acquiring an additional 272 shares in the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Mary Anne Whitney sold 16,300 shares of Waste Connections stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $178.05, for a total transaction of $2,902,215.00. Following the completion of the transaction, the chief financial officer now directly owns 48,899 shares of the company’s stock, valued at $8,706,466.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Susan Netherton sold 2,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $179.13, for a total value of $358,260.00. Following the completion of the transaction, the senior vice president now directly owns 10,078 shares of the company’s stock, valued at $1,805,272.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mary Anne Whitney sold 16,300 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $178.05, for a total value of $2,902,215.00. Following the completion of the transaction, the chief financial officer now directly owns 48,899 shares of the company’s stock, valued at $8,706,466.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,600 shares of company stock valued at $3,842,550. 0.31% of the stock is owned by insiders.

Analysts Set New Price Targets

WCN has been the topic of several research analyst reports. TD Cowen raised their target price on Waste Connections from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their price target on Waste Connections from $175.00 to $198.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Oppenheimer raised their price target on Waste Connections from $181.00 to $191.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. CIBC raised their price target on Waste Connections from $191.00 to $193.00 and gave the stock an “outperformer” rating in a research note on Friday, July 26th. Finally, Raymond James raised their price target on Waste Connections from $190.00 to $207.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 22nd. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Waste Connections currently has an average rating of “Moderate Buy” and an average price target of $187.28.

Waste Connections Stock Down 0.0 %

Waste Connections stock opened at $179.15 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.70 and a quick ratio of 0.70. Waste Connections, Inc. has a 1-year low of $126.12 and a 1-year high of $187.54. The company has a market cap of $46.22 billion, a PE ratio of 58.17, a price-to-earnings-growth ratio of 2.96 and a beta of 0.72. The stock’s 50 day moving average price is $181.85 and its 200 day moving average price is $173.42.

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

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Wednesday, August 7th were issued a dividend of $0.285 per share. The ex-dividend date was Wednesday, August 7th. This represents a $1.14 annualized dividend and a yield of 0.64%. Waste Connections’s dividend payout ratio is presently 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.