Waste Connections, Inc. (NYSE:WCN) Shares Acquired by Creative Planning

Creative Planning boosted its stake in Waste Connections, Inc. (NYSE:WCN) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,051 shares of the business services provider’s stock after acquiring an additional 159 shares during the period. Creative Planning’s holdings in Waste Connections were worth $1,082,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. American Trust grew its stake in shares of Waste Connections by 3.7% in the 2nd quarter. American Trust now owns 1,573 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 56 shares during the last quarter. GAMMA Investing LLC grew its position in Waste Connections by 15.0% in the 3rd quarter. GAMMA Investing LLC now owns 529 shares of the business services provider’s stock valued at $95,000 after buying an additional 69 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Waste Connections by 8.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 916 shares of the business services provider’s stock valued at $161,000 after buying an additional 74 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in Waste Connections by 1.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,966 shares of the business services provider’s stock worth $1,047,000 after buying an additional 82 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Waste Connections by 12.5% in the 2nd quarter. CWM LLC now owns 852 shares of the business services provider’s stock worth $149,000 after acquiring an additional 95 shares during the period. 86.09% of the stock is owned by hedge funds and other institutional investors.

Waste Connections Stock Down 0.5 %

WCN stock opened at $176.75 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 12 month low of $128.69 and a 12 month high of $187.54. The firm has a market capitalization of $45.61 billion, a PE ratio of 57.39, a P/E/G ratio of 2.98 and a beta of 0.72. The company’s 50 day simple moving average is $181.51 and its 200-day simple moving average is $175.41.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.05. Waste Connections had a return on equity of 15.16% and a net margin of 10.23%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the business posted $1.17 earnings per share. Waste Connections’s revenue was up 13.3% compared to the same quarter last year. Equities analysts expect that Waste Connections, Inc. will post 4.82 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.315 per share. This is a boost from Waste Connections’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, November 7th. Waste Connections’s dividend payout ratio (DPR) is currently 40.91%.

Insider Transactions at Waste Connections

In related news, SVP Philip Rivard sold 2,300 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $174.75, for a total transaction of $401,925.00. Following the transaction, the senior vice president now owns 1,226 shares of the company’s stock, valued at approximately $214,243.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Waste Connections news, SVP Robert Nielsen III sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $180.15, for a total value of $180,150.00. Following the sale, the senior vice president now directly owns 4,321 shares of the company’s stock, valued at approximately $778,428.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Philip Rivard sold 2,300 shares of Waste Connections stock in a transaction dated Monday, August 5th. The shares were 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 owns 1,226 shares of the company’s stock, valued at $214,243.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WCN. BMO Capital Markets dropped their price target on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Oppenheimer boosted their target price on Waste Connections from $191.00 to $194.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Scotiabank began coverage on Waste Connections in a research note on Friday, October 4th. They set a “sector perform” rating and a $196.00 target price for the company. TD Cowen lifted their price target on Waste Connections from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada increased their price objective on Waste Connections from $199.00 to $201.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Six research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.56.

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.