Curated Wealth Partners LLC Makes New $466,000 Investment in Waste Connections, Inc. $WCN

Curated Wealth Partners LLC bought a new position in Waste Connections, Inc. (NYSE:WCN – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,025 shares of the business services provider’s stock, valued at approximately $466,000.

Other large investors have also recently modified their holdings of the company. XXEC Inc. purchased a new position in Waste Connections in the 2nd quarter valued at approximately $164,870,000. BlackRock Inc. purchased a new stake in shares of Waste Connections during the second quarter worth $1,061,947,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Waste Connections during the second quarter worth $589,671,000. Bank of America Corp DE purchased a new stake in shares of Waste Connections during the second quarter worth $510,526,000. Finally, Wellington Management Group LLP bought a new position in shares of Waste Connections in the second quarter worth $477,944,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Trading Up 1.3%

WCN stock opened at $167.70 on Friday. The company has a market capitalization of $42.09 billion, a PE ratio of 40.41, a price-to-earnings-growth ratio of 2.90 and a beta of 0.49. Waste Connections, Inc. has a one year low of $146.89 and a one year high of $179.74. The company’s 50 day moving average price is $160.83 and its two-hundred day moving average price is $161.34. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.66 and a current ratio of 0.66.

Waste Connections (NYSE:WCN – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.15. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Waste Connections had a return on equity of 17.31% and a net margin of 10.86%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 EPS. As a group, analysts predict that Waste Connections, Inc. will post 5.65 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, August 6th. Waste Connections’s dividend payout ratio is currently 33.73%.

Wall Street Analyst Weigh In

WCN has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on Waste Connections from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Weiss Ratings raised Waste Connections from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Barclays raised their target price on Waste Connections from $180.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. Citigroup reduced their target price on Waste Connections from $182.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Canadian Imperial Bank of Commerce set a $184.00 price target on Waste Connections and gave the company an “outperformer” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Waste Connections currently has an average rating of “Moderate Buy” and a consensus price target of $198.61.

Get Our Latest Analysis on WCN

Insider Activity at Waste Connections

In other Waste Connections news, SVP Robert Cloninger sold 2,811 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $171.02, for a total transaction of $480,737.22. Following the sale, the senior vice president directly owned 11,666 shares in the company, valued at approximately $1,995,119.32. This trade represents a 19.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Philip Rivard sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $166.57, for a total transaction of $416,425.00. Following the transaction, the senior vice president owned 734 shares in the company, valued at approximately $122,262.38. This trade represents a 77.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.27% of the company’s stock.

Waste Connections Company Profile

(Free Report)

Waste Connections, Inc is a North American provider of solid waste collection, transfer, disposal, recycling and resource recovery services. The company serves residential, commercial, industrial and construction customers through local operations and provides services under municipal and other contracted arrangements.

Its business includes curbside and commercial waste collection, transfer stations, solid waste landfills, recycling facilities and organics processing. Waste Connections also provides environmental services for energy-producing customers, including the management and disposal of non-hazardous oilfield waste, and operates resource recovery and renewable energy projects in connection with certain waste facilities.

Founded in 1997, Waste Connections serves communities across the United States and Canada.

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Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

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