GW Henssler & Associates Ltd. lowered its holdings in Waste Connections, Inc. (NYSE:WCN – Free Report) by 22.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 57,621 shares of the business services provider’s stock after selling 16,550 shares during the period. GW Henssler & Associates Ltd.’s holdings in Waste Connections were worth $10,104,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the business. City Holding Co. acquired a new position in shares of Waste Connections during the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC acquired a new position in Waste Connections in the third quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Waste Connections in the third quarter worth approximately $30,000. Greykasell Wealth Strategies Inc. grew its position in Waste Connections by 555.2% in the third quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock worth $33,000 after buying an additional 161 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Waste Connections in the fourth quarter worth approximately $36,000. Institutional investors own 86.09% of the company’s stock.
Analysts Set New Price Targets
WCN has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Waste Connections from $195.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Barclays set a $180.00 price objective on shares of Waste Connections and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Morgan Stanley set a $205.00 target price on shares of Waste Connections and gave the company an “overweight” rating in a research note on Friday, February 13th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $211.00 price objective on shares of Waste Connections in a research note on Thursday, April 23rd. Finally, TD Cowen reduced their price objective on shares of Waste Connections from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Four analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Waste Connections has an average rating of “Buy” and a consensus target price of $203.35.
Insider Activity at Waste Connections
In related news, VP James Little sold 2,605 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $163.98, for a total value of $427,167.90. Following the sale, the vice president owned 34,395 shares of the company’s stock, valued at $5,640,092.10. The trade was a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ronald J. Mittelstaedt bought 50,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average cost of $152.24 per share, for a total transaction of $7,612,000.00. Following the purchase, the chief executive officer owned 301,017 shares of the company’s stock, valued at $45,826,828.08. This trade represents a 19.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.27% of the stock is currently owned by insiders.
Waste Connections Stock Performance
NYSE:WCN opened at $149.65 on Tuesday. The firm’s 50-day moving average is $158.66 and its 200-day moving average is $166.17. Waste Connections, Inc. has a 52-week low of $148.84 and a 52-week high of $197.07. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $38.19 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 2.65 and a beta of 0.55.
Waste Connections (NYSE:WCN – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.04. Waste Connections had a net margin of 10.97% and a return on equity of 16.49%. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that Waste Connections, Inc. will post 5.5 earnings per share for the current year.
Waste Connections Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 6th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. Waste Connections’s payout ratio is presently 34.15%.
About Waste Connections
Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.
The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.
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