Waste Connections, Inc. (NYSE:WCN) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC decreased its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 79.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 650 shares of the business services provider’s stock after selling 2,479 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Waste Connections were worth $114,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Hexagon Capital Partners LLC increased its holdings in shares of Waste Connections by 116.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 160 shares of the business services provider’s stock worth $28,000 after buying an additional 86 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Waste Connections during the first quarter valued at about $32,000. Pathway Financial Advisers LLC acquired a new stake in Waste Connections during the first quarter worth about $43,000. Signature Resources Capital Management LLC purchased a new position in shares of Waste Connections in the 2nd quarter worth about $45,000. Finally, Sands Capital Management LLC lifted its stake in shares of Waste Connections by 76.6% in the 4th quarter. Sands Capital Management LLC now owns 378 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Analyst Upgrades and Downgrades

WCN has been the subject of a number of research analyst reports. Oppenheimer raised their price target on shares of Waste Connections from $181.00 to $191.00 and gave the company an “outperform” rating in a report on Monday, July 15th. CIBC lifted their target price on shares of Waste Connections from $191.00 to $193.00 and gave the company an “outperformer” rating in a report on Friday, July 26th. Raymond James increased their price target on Waste Connections from $190.00 to $207.00 and gave the company a “strong-buy” rating in a report on Monday, July 22nd. BMO Capital Markets boosted their price objective on Waste Connections from $196.00 to $198.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, TD Cowen increased their target price on Waste Connections from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $187.28.

Insider Buying and Selling

In other Waste Connections news, CFO Mary Anne Whitney sold 16,300 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $178.05, for a total transaction of $2,902,215.00. Following the completion of the sale, the chief financial officer now owns 48,899 shares in the company, valued at $8,706,466.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Mary Anne Whitney sold 16,300 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $178.05, for a total transaction of $2,902,215.00. Following the sale, the chief financial officer now directly owns 48,899 shares in the company, valued at approximately $8,706,466.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Susan Netherton sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $179.13, for a total value of $358,260.00. Following the transaction, the senior vice president now owns 10,078 shares of the company’s stock, valued at approximately $1,805,272.14. The disclosure for this sale can be found here. Insiders have sold 21,600 shares of company stock worth $3,842,550 over the last ninety days. 0.31% of the stock is owned by insiders.

Waste Connections Trading Up 0.8 %

WCN opened at $179.22 on Friday. Waste Connections, Inc. has a 12-month low of $126.12 and a 12-month high of $187.54. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $46.24 billion, a PE ratio of 58.19, a P/E/G ratio of 2.96 and a beta of 0.72. The firm’s fifty day moving average price is $181.88 and its 200 day moving average price is $173.29.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.07. Waste Connections had a return on equity of 15.16% and a net margin of 10.23%. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the firm earned $1.02 earnings per share. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, research analysts expect that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.

Waste Connections Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Wednesday, August 7th were given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Wednesday, August 7th. Waste Connections’s dividend payout ratio is currently 37.01%.

Waste Connections Company Profile

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.