Segall Bryant & Hamill LLC cut its holdings in shares of Waste Connections, Inc. (NYSE:WCN – Free Report) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,962 shares of the business services provider’s stock after selling 3,672 shares during the period. Segall Bryant & Hamill LLC’s holdings in Waste Connections were worth $7,953,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vestor Capital LLC grew its holdings in shares of Waste Connections by 368.0% during the first quarter. Vestor Capital LLC now owns 351 shares of the business services provider’s stock worth $57,000 after purchasing an additional 276 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of Waste Connections in the first quarter valued at about $41,000. Janus Henderson Group PLC lifted its position in Waste Connections by 4.2% during the 1st quarter. Janus Henderson Group PLC now owns 210,541 shares of the business services provider’s stock worth $34,191,000 after buying an additional 8,437 shares in the last quarter. Centaurus Financial Inc. grew its holdings in Waste Connections by 3.0% during the 1st quarter. Centaurus Financial Inc. now owns 31,958 shares of the business services provider’s stock worth $5,190,000 after acquiring an additional 918 shares during the last quarter. Finally, Bull Harbor Capital LLC bought a new stake in Waste Connections during the 1st quarter worth about $362,000. 86.09% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, COO Jason Craft sold 1,500 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $156.59, for a total value of $234,885.00. Following the transaction, the chief operating officer owned 32,861 shares of the company’s stock, valued at $5,145,703.99. This represents a 4.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Robert Michael Cloninger sold 2,811 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $171.02, for a total value of $480,737.22. Following the completion of the transaction, the senior vice president owned 11,666 shares in the company, valued at $1,995,119.32. This represents a 19.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 11,811 shares of company stock worth $1,887,572. Company insiders own 0.27% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on WCN
Waste Connections Stock Up 0.1%
Shares of NYSE WCN opened at $167.54 on Monday. The firm has a market capitalization of $42.28 billion, a PE ratio of 40.37, a price-to-earnings-growth ratio of 2.87 and a beta of 0.49. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.17. Waste Connections, Inc. has a 1 year low of $146.89 and a 1 year high of $191.00. The firm’s 50-day moving average is $162.57 and its 200-day moving average is $163.23.
Waste Connections (NYSE:WCN – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $1.50 EPS for the quarter, topping the consensus estimate of $1.35 by $0.15. Waste Connections had a net margin of 10.86% and a return on equity of 17.31%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the previous year, the company earned $1.29 EPS. Waste Connections’s revenue was up 6.4% on a year-over-year basis. Equities analysts expect that Waste Connections, Inc. will post 5.63 EPS for the current year.
Waste Connections Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, August 6th. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. Waste Connections’s payout ratio is presently 33.73%.
Waste Connections Profile
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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