Cwm LLC Boosts Holdings in Waste Connections, Inc. (NYSE:WCN)

Cwm LLC grew its position in Waste Connections, Inc. (NYSE:WCN) by 43.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,218 shares of the business services provider’s stock after acquiring an additional 366 shares during the quarter. Cwm LLC’s holdings in Waste Connections were worth $218,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in 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 worth $4,902,110,000 after purchasing an additional 88,137 shares during the period. Bank of Montreal Can raised its holdings in shares of Waste Connections by 2.3% in the second quarter. Bank of Montreal Can now owns 8,103,895 shares of the business services provider’s stock worth $1,423,373,000 after buying an additional 178,870 shares during the period. Alphinity Investment Management Pty Ltd raised its holdings in shares of Waste Connections by 8.3% in the first quarter. Alphinity Investment Management Pty Ltd now owns 2,516,867 shares of the business services provider’s stock worth $432,926,000 after buying an additional 193,787 shares during the period. Fiera Capital Corp lifted its stake in shares of Waste Connections by 0.7% during the 2nd quarter. Fiera Capital Corp now owns 2,189,251 shares of the business services provider’s stock worth $384,268,000 after acquiring an additional 15,623 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Waste Connections by 4.4% during the 2nd quarter. Legal & General Group Plc now owns 1,690,733 shares of the business services provider’s stock valued at $296,510,000 after acquiring an additional 71,681 shares during the period. Institutional investors own 86.09% of the company’s stock.

Analyst Upgrades and Downgrades

WCN has been the topic of a number of recent analyst reports. CIBC increased their target price on Waste Connections from $191.00 to $193.00 and gave the stock an “outperformer” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on shares of Waste Connections from $175.00 to $198.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Eight Capital raised shares of Waste Connections to a “hold” rating in a research report on Wednesday, October 9th. Citigroup lifted their price target on shares of Waste Connections from $190.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Finally, Truist Financial increased their price objective on Waste Connections from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $194.19.

Insider Buying and Selling

In other Waste Connections news, SVP Philip Rivard sold 2,300 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $174.75, for a total value of $401,925.00. Following the sale, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Mary Anne Whitney sold 16,300 shares of the firm’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 sale, the chief financial officer now owns 48,899 shares in the company, valued at approximately $8,706,466.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Philip Rivard sold 2,300 shares of Waste Connections stock in a transaction on 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 of the company’s stock, valued at $214,243.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,600 shares of company stock valued at $3,842,550 over the last 90 days. Insiders own 0.31% of the company’s stock.

Waste Connections Price Performance

Shares of WCN stock opened at $181.35 on Wednesday. The firm has a market capitalization of $46.79 billion, a price-to-earnings ratio of 58.88, a PEG ratio of 2.90 and a beta of 0.72. 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 stock’s 50-day simple moving average is $182.19 and its 200-day simple moving average is $175.01. Waste Connections, Inc. has a fifty-two week low of $126.12 and a fifty-two week high of $187.54.

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

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.