L. Roy Papp & Associates LLP Acquires 60 Shares of Waste Connections, Inc. (NYSE:WCN)

L. Roy Papp & Associates LLP grew its holdings in Waste Connections, Inc. (NYSE:WCN) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,178 shares of the business services provider’s stock after acquiring an additional 60 shares during the period. L. Roy Papp & Associates LLP’s holdings in Waste Connections were worth $5,292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings 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 valued at $28,000 after purchasing an additional 86 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Waste Connections during the 1st quarter valued at about $32,000. Pathway Financial Advisers LLC bought a new position in shares of Waste Connections during the 1st quarter valued at approximately $43,000. Signature Resources Capital Management LLC purchased a new stake in Waste Connections in the 2nd quarter worth approximately $45,000. Finally, Rational Advisors LLC bought a new stake in Waste Connections during the 1st quarter worth approximately $53,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Robert Nielsen III sold 1,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $169.00, for a total transaction of $169,000.00. Following the transaction, the senior vice president now owns 5,321 shares in the company, valued at $899,249. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Waste Connections news, SVP Susan Netherton sold 2,000 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 10,078 shares in the company, valued at $1,805,272.14. The transaction 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 on Friday, June 7th. The shares were sold at an average price of $169.00, for a total value of $169,000.00. Following the sale, the senior vice president now directly owns 5,321 shares in the company, valued at approximately $899,249. The disclosure for this sale can be found here. Insiders have sold 22,600 shares of company stock worth $4,011,550 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WCN shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Waste Connections in a research note on Thursday, May 23rd. They issued a “buy” rating and a $189.00 price objective for the company. Raymond James boosted their price objective 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. BMO Capital Markets lifted their target price on Waste Connections from $196.00 to $198.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. TD Cowen boosted their price target on Waste Connections from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada increased their price objective on shares of Waste Connections from $195.00 to $199.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Waste Connections presently has a consensus rating of “Moderate Buy” and an average target price of $187.28.

Waste Connections Trading Up 1.1 %

Shares of NYSE WCN traded up $1.95 during midday trading on Friday, hitting $186.43. The company’s stock had a trading volume of 400,790 shares, compared to its average volume of 894,798. Waste Connections, Inc. has a 12-month low of $126.12 and a 12-month high of $186.44. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.97. The firm has a market cap of $48.10 billion, a P/E ratio of 60.46, a price-to-earnings-growth ratio of 2.85 and a beta of 0.72. The business’s 50 day moving average is $178.21 and its two-hundred day moving average is $170.38.

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

Waste Connections Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Wednesday, August 7th were given a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $1.14 annualized dividend and a yield of 0.61%. Waste Connections’s dividend payout ratio (DPR) is 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.