Vanguard Personalized Indexing Management LLC Acquires 1,130 Shares of Waste Connections, Inc. (NYSE:WCN)

Vanguard Personalized Indexing Management LLC raised its stake in Waste Connections, Inc. (NYSE:WCN) by 9.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,159 shares of the business services provider’s stock after acquiring an additional 1,130 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Waste Connections were worth $2,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of WCN. Vanguard Group Inc. raised its position in shares of Waste Connections by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 28,498,983 shares of the business services provider’s stock valued at $4,902,110,000 after acquiring an additional 88,137 shares during the period. TD Asset Management Inc boosted its stake in Waste Connections by 9.8% in the 4th quarter. TD Asset Management Inc now owns 5,715,923 shares of the business services provider’s stock valued at $856,641,000 after purchasing an additional 509,929 shares during the period. Wellington Management Group LLP increased its position in Waste Connections by 43.4% during the fourth quarter. Wellington Management Group LLP now owns 4,364,071 shares of the business services provider’s stock worth $651,427,000 after acquiring an additional 1,320,933 shares during the period. 1832 Asset Management L.P. increased its stake in shares of Waste Connections by 7.3% in the fourth quarter. 1832 Asset Management L.P. now owns 4,104,003 shares of the business services provider’s stock valued at $612,605,000 after buying an additional 280,275 shares during the period. Finally, Alphinity Investment Management Pty Ltd increased its position in Waste Connections by 8.3% in the 1st quarter. Alphinity Investment Management Pty Ltd now owns 2,516,867 shares of the business services provider’s stock valued at $432,926,000 after acquiring an additional 193,787 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analyst Ratings Changes

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

Waste Connections Stock Down 0.1 %

NYSE:WCN opened at $179.07 on Friday. Waste Connections, Inc. has a 1-year low of $126.12 and a 1-year 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 firm has a market cap of $46.20 billion, a PE ratio of 58.14, a price-to-earnings-growth ratio of 2.96 and a beta of 0.72. The company has a 50-day moving average of $181.85 and a 200 day moving average of $173.38.

Waste Connections (NYSE:WCN) last released its 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. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.22 billion. Waste Connections had a net margin of 10.23% and a return on equity of 15.16%. Waste Connections’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the business earned $1.02 EPS. As a group, research analysts anticipate that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Wednesday, August 7th were given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Wednesday, August 7th. Waste Connections’s dividend payout ratio (DPR) is presently 37.01%.

Insiders Place Their Bets

In other Waste Connections news, SVP Susan Netherton sold 2,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $179.13, for a total transaction of $358,260.00. Following the completion of the transaction, the senior vice president now owns 10,078 shares of the company’s stock, valued at $1,805,272.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Waste Connections news, SVP Susan Netherton sold 2,000 shares of Waste Connections stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $179.13, for a total transaction of $358,260.00. Following the transaction, the senior vice president now directly owns 10,078 shares of the company’s stock, valued at $1,805,272.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Philip Rivard sold 2,300 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $174.75, for a total transaction of $401,925.00. Following the completion of the transaction, the senior vice president now directly owns 1,226 shares in the company, valued at approximately $214,243.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,600 shares of company stock worth $3,842,550. Company insiders own 0.31% of the company’s stock.

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.