M&G Investment Management Ltd. Purchases 854 Shares of Waste Connections Inc (NYSE:WCN)

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M&G Investment Management Ltd. grew its position in Waste Connections Inc (NYSE:WCN) by 0.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 132,606 shares of the business services provider’s stock after buying an additional 854 shares during the period. M&G Investment Management Ltd. owned 0.05% of Waste Connections worth $13,736,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Asset Advisors Investment Management LLC bought a new stake in shares of Waste Connections in the 2nd quarter valued at about $28,000. Keebeck Wealth Management LLC bought a new stake in shares of Waste Connections in the 2nd quarter valued at about $28,000. Newfound Research LLC bought a new stake in shares of Waste Connections in the 3rd quarter valued at about $29,000. NEXT Financial Group Inc bought a new stake in shares of Waste Connections in the 3rd quarter valued at about $31,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Waste Connections by 27.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 467 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

In related news, VP James Little sold 5,000 shares of Waste Connections stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $101.95, for a total value of $509,750.00. Following the sale, the vice president now owns 22,014 shares of the company’s stock, valued at approximately $2,244,327.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Ronald J. Mittelstaedt sold 48,814 shares of Waste Connections stock in a transaction on Friday, August 14th. The shares were sold at an average price of $100.19, for a total transaction of $4,890,674.66. Following the completion of the sale, the chairman now directly owns 142,811 shares in the company, valued at approximately $14,308,234.09. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

WCN has been the subject of several research analyst reports. Oppenheimer reaffirmed a “buy” rating on shares of Waste Connections in a research report on Thursday, September 17th. Jefferies Financial Group increased their price objective on shares of Waste Connections from $106.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Stifel Nicolaus increased their price objective on shares of Waste Connections from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, August 10th. UBS Group increased their price objective on shares of Waste Connections from $108.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, KeyCorp increased their price objective on shares of Waste Connections from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $110.71.

Shares of NYSE WCN opened at $98.80 on Friday. The stock has a market capitalization of $25.97 billion, a price-to-earnings ratio of 126.67, a PEG ratio of 4.95 and a beta of 0.44. Waste Connections Inc has a 12 month low of $70.87 and a 12 month high of $106.09. The firm’s 50 day simple moving average is $102.43 and its 200-day simple moving average is $96.50. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 1.45.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, October 28th. The business services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. Waste Connections had a net margin of 3.83% and a return on equity of 10.44%. Analysts anticipate that Waste Connections Inc will post 2.5 earnings per share for the current fiscal year.

Waste Connections Profile

Waste Connections, Inc 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, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.

Read More: Cost of Equity For A Business, Investors

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

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