Vise Technologies Inc. Takes Position in Waste Connections, Inc. $WCN

Vise Technologies Inc. bought a new stake in Waste Connections, Inc. (NYSE:WCN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,104 shares of the business services provider’s stock, valued at approximately $1,851,000.

Other large investors also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new position in Waste Connections during the third quarter valued at $26,000. Transamerica Financial Advisors LLC grew its stake in shares of Waste Connections by 346.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 174 shares of the business services provider’s stock worth $31,000 after buying an additional 135 shares in the last quarter. Whipplewood Advisors LLC increased its holdings in shares of Waste Connections by 1,166.7% in the 1st quarter. Whipplewood Advisors LLC now owns 190 shares of the business services provider’s stock worth $31,000 after buying an additional 175 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Waste Connections in the 4th quarter worth about $36,000. Finally, Entrust Financial LLC bought a new stake in shares of Waste Connections in the 4th quarter worth about $37,000. Institutional investors own 86.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $208.00 price target (up from $206.00) on shares of Waste Connections in a report on Friday, April 24th. Citigroup boosted their price objective on Waste Connections from $180.00 to $182.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. TD Cowen restated a “buy” rating and set a $210.00 price objective (up from $200.00) on shares of Waste Connections in a research report on Friday, July 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $218.00 price objective (up from $210.00) on shares of Waste Connections in a research note on Friday, April 24th. Finally, UBS Group reiterated a “neutral” rating and issued a $176.00 target price (up from $170.00) on shares of Waste Connections in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waste Connections has a consensus rating of “Moderate Buy” and an average target price of $200.89.

Waste Connections Trading Up 0.9%

Shares of WCN opened at $169.81 on Friday. The company’s fifty day simple moving average is $166.53 and its 200-day simple moving average is $163.17. The company has a market cap of $42.72 billion, a P/E ratio of 40.92, a P/E/G ratio of 2.89 and a beta of 0.48. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.17. Waste Connections, Inc. has a twelve month low of $146.89 and a twelve month high of $188.09.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.15. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Waste Connections had a net margin of 10.86% and a return on equity of 17.31%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.29 EPS. As a group, analysts expect that Waste Connections, Inc. will post 5.62 EPS for the current year.

Waste Connections Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.40 annualized dividend and a yield of 0.8%. Waste Connections’s dividend payout ratio (DPR) is presently 33.73%.

Insider Activity

In other news, VP Patrick James Shea sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $156.26, for a total transaction of $1,171,950.00. Following the transaction, the vice president owned 19,737 shares of the company’s stock, valued at approximately $3,084,103.62. This represents a 27.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Robert Michael Cloninger sold 2,811 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $171.02, for a total value of $480,737.22. Following the completion of the sale, the senior vice president owned 11,666 shares in the company, valued at approximately $1,995,119.32. The trade was a 19.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,311 shares of company stock worth $2,303,997 in the last ninety days. 0.27% of the stock is currently owned by company insiders.

Waste Connections Company Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.