Skandinaviska Enskilda Banken AB publ Purchases 604 Shares of Waste Connections, Inc. (NYSE:WCN)

Skandinaviska Enskilda Banken AB publ lifted its position in Waste Connections, Inc. (NYSE:WCN) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,578 shares of the business services provider’s stock after acquiring an additional 604 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Waste Connections were worth $9,220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hexagon Capital Partners LLC raised its holdings in Waste Connections by 116.2% in the first quarter. Hexagon Capital Partners LLC now owns 160 shares of the business services provider’s stock worth $28,000 after purchasing an additional 86 shares in the last quarter. OFI Invest Asset Management bought a new position in Waste Connections in the first quarter worth about $32,000. Pathway Financial Advisers LLC bought a new position in Waste Connections in the first quarter worth about $43,000. Signature Resources Capital Management LLC bought a new position in Waste Connections in the second quarter worth about $45,000. Finally, Carolinas Wealth Consulting LLC grew its stake 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 worth $49,000 after acquiring an additional 272 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Waste Connections

In other Waste Connections news, CFO Mary Anne Whitney sold 16,300 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $178.05, for a total value of $2,902,215.00. Following the completion of 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 document filed with the SEC, which can be accessed through this link. In other news, CFO Mary Anne Whitney sold 16,300 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 48,899 shares in the company, valued at approximately $8,706,466.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Susan Netherton sold 2,000 shares of the stock in a transaction on Friday, August 2nd. The stock was 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 $1,805,272.14. The disclosure for this sale can be found here. Insiders sold a total of 21,600 shares of company stock worth $3,842,550 in the last three months. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Oppenheimer boosted their price target on Waste Connections from $181.00 to $191.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Raymond James upped their target price on Waste Connections from $190.00 to $207.00 and gave the company a “strong-buy” rating in a research report on Monday, July 22nd. CIBC upped their target price on Waste Connections from $191.00 to $193.00 and gave the company an “outperformer” rating in a research report on Friday, July 26th. Truist Financial upped their target price on Waste Connections from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, TD Cowen upped their target price on Waste Connections from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.28.

Waste Connections Stock Down 0.0 %

NYSE WCN opened at $179.15 on Friday. The business has a fifty day moving average price of $181.85 and a 200 day moving average price of $173.42. Waste Connections, Inc. has a one year low of $126.12 and a one year high of $187.54. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $46.22 billion, a P/E ratio of 58.17, a P/E/G ratio of 2.96 and a beta of 0.72.

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

Waste Connections Dividend Announcement

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

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.