Waste Connections Inc (WCN) Holdings Lifted by Aperio Group LLC

Aperio Group LLC boosted its stake in shares of Waste Connections Inc (NYSE:WCN) by 20.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,194 shares of the business services provider’s stock after buying an additional 14,073 shares during the quarter. Aperio Group LLC’s holdings in Waste Connections were worth $6,557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of WCN. Allianz Asset Management GmbH grew its position in Waste Connections by 15.7% during the first quarter. Allianz Asset Management GmbH now owns 166,065 shares of the business services provider’s stock worth $11,907,000 after buying an additional 22,495 shares during the period. Dorsey Wright & Associates grew its position in Waste Connections by 5.2% during the second quarter. Dorsey Wright & Associates now owns 95,621 shares of the business services provider’s stock worth $7,198,000 after buying an additional 4,747 shares during the period. DnB Asset Management AS grew its position in Waste Connections by 20.8% during the second quarter. DnB Asset Management AS now owns 25,000 shares of the business services provider’s stock worth $1,882,000 after buying an additional 4,300 shares during the period. IFM Investors Pty Ltd grew its position in Waste Connections by 41.2% during the second quarter. IFM Investors Pty Ltd now owns 12,029 shares of the business services provider’s stock worth $906,000 after buying an additional 3,507 shares during the period. Finally, Montrusco Bolton Investments Inc. acquired a new position in Waste Connections during the second quarter worth about $776,000. Institutional investors own 81.64% of the company’s stock.

In other news, VP David Eddie sold 20,000 shares of the stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $80.06, for a total value of $1,601,200.00. Following the sale, the vice president now directly owns 36,320 shares in the company, valued at $2,907,779.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael W. Harlan sold 11,900 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $79.30, for a total transaction of $943,670.00. The disclosure for this sale can be found here. Insiders sold 38,385 shares of company stock worth $3,063,670 over the last quarter. Company insiders own 0.40% of the company’s stock.

Several brokerages have weighed in on WCN. Zacks Investment Research lowered shares of Waste Connections from a “buy” rating to a “hold” rating in a research report on Thursday, October 25th. Royal Bank of Canada upped their target price on shares of Waste Connections from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, July 26th. TD Securities increased their price target on shares of Waste Connections from $79.00 to $83.00 and gave the company a “hold” rating in a research report on Thursday, July 26th. Finally, Citigroup increased their price target on shares of Waste Connections from $80.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, July 26th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Waste Connections presently has a consensus rating of “Buy” and a consensus price target of $84.11.

WCN stock opened at $75.71 on Wednesday. The company has a market capitalization of $19.27 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 2.57 and a beta of 0.05. Waste Connections Inc has a 12 month low of $65.06 and a 12 month high of $81.36. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.60.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Monday, October 29th. The business services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Waste Connections had a net margin of 14.80% and a return on equity of 9.90%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 earnings per share. Equities analysts anticipate that Waste Connections Inc will post 2.5 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 13th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, November 9th. This is a positive change from Waste Connections’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 0.85%. Waste Connections’s dividend payout ratio is currently 25.93%.

Waste Connections Profile

Waste Connections, Inc, a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.

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

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