Notis McConarty Edward purchased a new stake in Waste Connections, Inc. (NYSE:WCN – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund purchased 9,603 shares of the business services provider’s stock, valued at approximately $1,601,000.
A number of other large investors have also recently modified their holdings of WCN. Measured Wealth Private Client Group LLC purchased a new position in shares of Waste Connections during the third quarter worth about $26,000. Transamerica Financial Advisors LLC increased its position in shares of Waste Connections by 346.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 174 shares of the business services provider’s stock worth $31,000 after purchasing an additional 135 shares during the last quarter. Whipplewood Advisors LLC raised its stake in Waste Connections by 1,166.7% in the first quarter. Whipplewood Advisors LLC now owns 190 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 175 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Waste Connections in the fourth quarter valued at approximately $36,000. Finally, Entrust Financial LLC purchased a new stake in Waste Connections in the fourth quarter valued at approximately $37,000. Institutional investors own 86.09% of the company’s stock.
Insider Activity
In other news, SVP Robert Michael Cloninger sold 2,811 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $171.02, for a total value of $480,737.22. Following the completion of the sale, the senior vice president owned 11,666 shares of the company’s stock, valued at approximately $1,995,119.32. This represents a 19.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Patrick James Shea sold 7,500 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $156.26, for a total transaction of $1,171,950.00. Following the transaction, the vice president directly owned 19,737 shares in the company, valued at approximately $3,084,103.62. This represents a 27.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 11,811 shares of company stock valued at $1,887,572. Corporate insiders own 0.27% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Waste Connections
Waste Connections Stock Performance
NYSE:WCN opened at $169.10 on Thursday. The business has a 50 day moving average of $165.99 and a 200 day moving average of $163.11. The company has a market capitalization of $42.54 billion, a price-to-earnings ratio of 40.75, a PEG ratio of 2.84 and a beta of 0.48. Waste Connections, Inc. has a 1-year low of $146.89 and a 1-year high of $188.75. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.66 and a quick ratio of 0.66.
Waste Connections (NYSE:WCN – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.15. Waste Connections had a return on equity of 17.31% and a net margin of 10.86%.The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. Waste Connections’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts predict that Waste Connections, Inc. will post 5.62 earnings per share for the current fiscal year.
Waste Connections Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. Waste Connections’s dividend payout ratio is 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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