40,413 Shares in Waste Connections, Inc. (NYSE:WCN) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of Waste Connections, Inc. (NYSE:WCN) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 40,413 shares of the business services provider’s stock, valued at approximately $7,227,000.

Other large investors have also made changes to their positions in the company. Asset Dedication LLC acquired a new position in shares of Waste Connections during the third quarter worth $41,000. Pathway Financial Advisers LLC purchased a new stake in shares of Waste Connections during the first quarter valued at $43,000. Signature Resources Capital Management LLC purchased a new stake in shares of Waste Connections during the second quarter valued at $45,000. Carolinas Wealth Consulting LLC grew its holdings in shares of Waste Connections by 3,885.7% during the second quarter. Carolinas Wealth Consulting LLC now owns 279 shares of the business services provider’s stock valued at $49,000 after buying an additional 272 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Waste Connections by 15.0% during the third quarter. GAMMA Investing LLC now owns 529 shares of the business services provider’s stock valued at $95,000 after buying an additional 69 shares during the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Stock Down 0.5 %

WCN opened at $176.75 on Friday. Waste Connections, Inc. has a twelve month low of $128.69 and a twelve month high of $187.54. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average price of $181.51 and a 200 day moving average price of $175.41. The company has a market cap of $45.61 billion, a PE ratio of 57.39, a price-to-earnings-growth ratio of 2.98 and a beta of 0.72.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.05. Waste Connections had a net margin of 10.23% and a return on equity of 15.16%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. Sell-side analysts expect that Waste Connections, Inc. will post 4.82 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 0.71%. This is a positive change from Waste Connections’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, November 7th. Waste Connections’s dividend payout ratio (DPR) is 40.91%.

Wall Street Analyst Weigh In

WCN has been the topic of a number of research analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $205.00 price objective (up from $200.00) on shares of Waste Connections in a report on Friday, October 25th. BMO Capital Markets lowered their price target on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Eight Capital raised shares of Waste Connections to a “hold” rating in a report on Wednesday, October 9th. Scotiabank began coverage on shares of Waste Connections in a report on Friday, October 4th. They issued a “sector perform” rating and a $196.00 price target on the stock. Finally, CIBC upped their price target 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. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.56.

Insider Transactions at Waste Connections

In related news, 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 value of $401,925.00. Following the completion of the sale, the senior vice president now owns 1,226 shares of the company’s stock, valued at approximately $214,243.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, 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 value of $401,925.00. Following the completion of the sale, the senior vice president now owns 1,226 shares of the company’s stock, valued at approximately $214,243.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Robert Nielsen III sold 1,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $180.15, for a total transaction of $180,150.00. Following the transaction, the senior vice president now directly owns 4,321 shares of the company’s stock, valued at approximately $778,428.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Waste Connections 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.