Waste Connections, Inc. (NYSE:WCN) Stock Holdings Cut by Creative Planning

Creative Planning reduced its position in shares of Waste Connections, Inc. (NYSE:WCN) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,892 shares of the business services provider’s stock after selling 223 shares during the quarter. Creative Planning’s holdings in Waste Connections were worth $1,033,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in Waste Connections by 6.2% during the 1st quarter. Sei Investments Co. now owns 144,756 shares of the business services provider’s stock valued at $24,899,000 after purchasing an additional 8,505 shares in the last quarter. Capstone Investment Advisors LLC boosted its stake in Waste Connections by 591.5% during the 1st quarter. Capstone Investment Advisors LLC now owns 9,881 shares of the business services provider’s stock valued at $1,700,000 after purchasing an additional 8,452 shares in the last quarter. Wellington Management Group LLP boosted its stake in Waste Connections by 43.4% during the 4th quarter. Wellington Management Group LLP now owns 4,364,071 shares of the business services provider’s stock valued at $651,427,000 after purchasing an additional 1,320,933 shares in the last quarter. Meyer Handelman Co. bought a new position in Waste Connections during the 1st quarter valued at $1,040,000. Finally, Mediolanum International Funds Ltd bought a new position in Waste Connections during the 1st quarter valued at $2,986,000. 86.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Waste Connections news, CFO Mary Anne Whitney sold 16,300 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 48,899 shares of the company’s stock, valued at $8,706,466.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Waste Connections news, CFO Mary Anne Whitney sold 16,300 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 48,899 shares of the company’s stock, valued at $8,706,466.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Philip Rivard sold 2,300 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $174.75, for a total value of $401,925.00. Following the completion of the sale, the senior vice president now directly owns 1,226 shares of the company’s stock, valued at $214,243.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,600 shares of company stock valued at $3,842,550 over the last quarter. Insiders own 0.31% of the company’s stock.

Waste Connections Price Performance

Shares of NYSE:WCN opened at $179.90 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.97. Waste Connections, Inc. has a 1 year low of $126.12 and a 1 year high of $187.54. The business has a fifty day simple moving average of $181.72 and a 200 day simple moving average of $174.24. The firm has a market cap of $46.42 billion, a price-to-earnings ratio of 59.02, a P/E/G ratio of 2.88 and a beta of 0.72.

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

Waste Connections Dividend Announcement

The business also recently declared 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 dividend yield of 0.63%. Waste Connections’s dividend payout ratio is currently 37.01%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Waste Connections from $175.00 to $198.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Truist Financial raised their price objective on Waste Connections from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Royal Bank of Canada raised their price objective on Waste Connections from $195.00 to $199.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. TD Cowen raised their price objective on Waste Connections from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Raymond James raised their price objective 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 investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $191.53.

About Waste Connections

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.