Raymond James Trust N.A. raised its holdings in Waste Connections, Inc. (NYSE:WCN – Get Rating) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,980 shares of the business services provider’s stock after purchasing an additional 261 shares during the period. Raymond James Trust N.A.’s holdings in Waste Connections were worth $395,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in WCN. HighTower Advisors LLC raised its position in shares of Waste Connections by 36.0% in the 1st quarter. HighTower Advisors LLC now owns 10,714 shares of the business services provider’s stock valued at $1,501,000 after purchasing an additional 2,835 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Waste Connections by 10.4% in the 1st quarter. Private Advisor Group LLC now owns 3,202 shares of the business services provider’s stock valued at $448,000 after purchasing an additional 301 shares in the last quarter. Vontobel Holding Ltd. raised its position in shares of Waste Connections by 39.5% in the 1st quarter. Vontobel Holding Ltd. now owns 11,747 shares of the business services provider’s stock valued at $1,641,000 after purchasing an additional 3,328 shares in the last quarter. Blair William & Co. IL raised its position in shares of Waste Connections by 34.9% in the 1st quarter. Blair William & Co. IL now owns 40,524 shares of the business services provider’s stock valued at $5,661,000 after purchasing an additional 10,473 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Waste Connections by 6.2% in the 1st quarter. Sei Investments Co. now owns 133,034 shares of the business services provider’s stock valued at $18,661,000 after purchasing an additional 7,734 shares in the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Waste Connections
In other news, Director William J. Razzouk sold 1,000 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $135.61, for a total value of $135,610.00. Following the completion of the sale, the director now owns 3,431 shares in the company, valued at $465,277.91. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director William J. Razzouk sold 1,000 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $135.61, for a total value of $135,610.00. Following the completion of the sale, the director now owns 3,431 shares in the company, valued at $465,277.91. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Eddie sold 1,700 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $135.65, for a total value of $230,605.00. Following the completion of the sale, the senior vice president now owns 24,512 shares of the company’s stock, valued at approximately $3,325,052.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,700 shares of company stock valued at $1,177,955. 0.35% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Waste Connections Price Performance
Shares of WCN opened at $142.13 on Tuesday. The company has a market cap of $36.60 billion, a P/E ratio of 44.00, a PEG ratio of 3.08 and a beta of 0.68. The stock has a fifty day moving average price of $136.55 and a 200 day moving average price of $135.14. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.74 and a quick ratio of 0.74. Waste Connections, Inc. has a 12 month low of $113.50 and a 12 month high of $148.20.
Waste Connections (NYSE:WCN – Get Rating) last released its quarterly earnings results on Wednesday, February 15th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.01. Waste Connections had a return on equity of 14.23% and a net margin of 11.59%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, research analysts forecast that Waste Connections, Inc. will post 4.21 earnings per share for the current year.
Waste Connections Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st were paid a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $1.02 annualized dividend and a dividend yield of 0.72%. Waste Connections’s payout ratio is 31.58%.
Waste Connections Company Profile
Waste Connections, Inc engages in the provision of non-hazardous waste collection, transfer, and disposal services. The firm offers its services to residential, commercial, landfill and transfer stations, and industries such as office, apartments multi-family, construction and demolition, property management, retail, restaurant, and manufacturing.
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