GSA Capital Partners LLP Has $2.02 Million Stake in Waste Connections Inc (WCN)

GSA Capital Partners LLP lifted its holdings in shares of Waste Connections Inc (NYSE:WCN) by 57.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,835 shares of the business services provider’s stock after purchasing an additional 10,513 shares during the quarter. GSA Capital Partners LLP’s holdings in Waste Connections were worth $2,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thompson Davis & CO. Inc. increased its stake in shares of Waste Connections by 55.8% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,561 shares of the business services provider’s stock worth $101,000 after purchasing an additional 559 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Waste Connections during the 3rd quarter worth $103,000. Fieldpoint Private Securities LLC increased its stake in shares of Waste Connections by 50.0% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 2,107 shares of the business services provider’s stock worth $136,000 after purchasing an additional 702 shares during the last quarter. US Bancorp DE increased its stake in shares of Waste Connections by 14.3% during the 2nd quarter. US Bancorp DE now owns 2,171 shares of the business services provider’s stock worth $140,000 after purchasing an additional 271 shares during the last quarter. Finally, BB&T Investment Services Inc. acquired a new position in shares of Waste Connections during the 2nd quarter worth $217,000. Institutional investors own 83.02% of the company’s stock.

Shares of Waste Connections Inc (WCN) opened at $70.40 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market cap of $18,560.33, a price-to-earnings ratio of 33.58, a P/E/G ratio of 4.19 and a beta of 0.17. Waste Connections Inc has a 1-year low of $51.07 and a 1-year high of $74.20.

Waste Connections (NYSE:WCN) last posted its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Waste Connections had a net margin of 7.68% and a return on equity of 9.59%. Waste Connections’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. analysts anticipate that Waste Connections Inc will post 2.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were issued a dividend of $0.14 per share. This is an increase from Waste Connections’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Tuesday, November 7th. Waste Connections’s dividend payout ratio is currently 42.42%.

In other Waste Connections news, Director Robert Davis sold 700 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $71.72, for a total value of $50,204.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Darrell W. Chambliss sold 5,625 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $70.99, for a total transaction of $399,318.75. Following the completion of the sale, the chief operating officer now directly owns 101,292 shares of the company’s stock, valued at $7,190,719.08. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Several research analysts have recently commented on the stock. KeyCorp increased their price target on shares of Waste Connections from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. BMO Capital Markets started coverage on shares of Waste Connections in a research note on Monday, December 11th. They set an “outperform” rating and a $79.00 price target on the stock. Oppenheimer upped their price objective on shares of Waste Connections from $74.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research downgraded shares of Waste Connections from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Finally, Stifel Nicolaus upped their price objective on shares of Waste Connections from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 4th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $77.97.

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Waste Connections Profile

Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.

Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

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