Waste Connections, Inc. (NYSE:WCN) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC reduced its holdings in Waste Connections, Inc. (NYSE:WCN) by 9.4% during the 1st quarter, Holdings Channel reports. The firm owned 2,326 shares of the business services provider’s stock after selling 242 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Waste Connections were worth $377,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC lifted its position in Waste Connections by 116.2% during the first 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 in the last quarter. OFI Invest Asset Management purchased a new stake in Waste Connections in the first quarter valued at $32,000. Pathway Financial Advisers LLC purchased a new stake in Waste Connections in the first quarter valued at $43,000. Rational Advisors LLC purchased a new stake in shares of Waste Connections in the 1st quarter valued at $53,000. Finally, Sands Capital Management LLC raised its holdings 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 buying an additional 164 shares during the period. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Trading Up 0.4 %

Shares of WCN stock traded up $0.68 during mid-day trading on Friday, hitting $179.49. 1,058,689 shares of the company’s stock were exchanged, compared to its average volume of 976,633. 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 stock has a market cap of $46.31 billion, a price-to-earnings ratio of 58.28, a PEG ratio of 2.85 and a beta of 0.72. The stock has a 50-day simple moving average of $173.83 and a two-hundred day simple moving average of $167.67. Waste Connections, Inc. has a fifty-two week low of $126.12 and a fifty-two week high of $182.99.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the company posted $1.02 EPS. The business’s quarterly revenue was up 11.2% on a year-over-year basis. Equities analysts expect that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.

Waste Connections Dividend Announcement

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

Insider Buying and Selling at Waste Connections

In other news, SVP Robert Nielsen III sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $166.00, for a total transaction of $332,000.00. Following the completion of the sale, the senior vice president now directly owns 6,321 shares in the company, valued at $1,049,286. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Waste Connections news, Director Michael W. Harlan sold 1,500 shares of Waste Connections stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $167.59, for a total value of $251,385.00. Following the completion of the transaction, the director now directly owns 8,004 shares in the company, valued at $1,341,390.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Robert Nielsen III sold 2,000 shares of Waste Connections stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $166.00, for a total value of $332,000.00. Following the completion of the transaction, the senior vice president now owns 6,321 shares of the company’s stock, valued at $1,049,286. The disclosure for this sale can be found here. Insiders have sold 20,800 shares of company stock valued at $3,654,600 over the last three months. 0.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WCN has been the subject of several analyst reports. StockNews.com raised Waste Connections from a “hold” rating to a “buy” rating in a research report on Saturday, May 18th. TD Cowen upped 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. 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. Royal Bank of Canada upped their price target on Waste Connections from $195.00 to $199.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. upped their price target on Waste Connections from $175.00 to $198.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.28.

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.