Waste Connections, Inc. (NYSE:WCN) Shares Bought by Roundview Capital LLC

Roundview Capital LLC increased its position in Waste Connections, Inc. (NYSE:WCN) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,339 shares of the business services provider’s stock after acquiring an additional 235 shares during the period. Roundview Capital LLC’s holdings in Waste Connections were worth $2,994,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sustainable Growth Advisers LP lifted its stake in Waste Connections by 38.8% in the 1st quarter. Sustainable Growth Advisers LP now owns 92,889 shares of the business services provider’s stock valued at $18,131,000 after buying an additional 25,953 shares in the last quarter. Summit Asset Management LLC purchased a new stake in Waste Connections in the 1st quarter valued at approximately $216,000. Choreo LLC lifted its stake in Waste Connections by 4.1% in the 1st quarter. Choreo LLC now owns 4,700 shares of the business services provider’s stock valued at $917,000 after buying an additional 184 shares in the last quarter. PFG Advisors lifted its stake in Waste Connections by 46.5% in the 1st quarter. PFG Advisors now owns 24,267 shares of the business services provider’s stock valued at $4,734,000 after buying an additional 7,705 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in Waste Connections by 994.4% in the 1st quarter. Larson Financial Group LLC now owns 197 shares of the business services provider’s stock valued at $38,000 after buying an additional 179 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Price Performance

NYSE WCN opened at $185.07 on Wednesday. Waste Connections, Inc. has a 12 month low of $169.36 and a 12 month high of $201.66. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $47.82 billion, a PE ratio of 76.16, a P/E/G ratio of 3.16 and a beta of 0.60. The company’s 50 day simple moving average is $188.33 and its 200 day simple moving average is $188.32.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.06. Waste Connections had a net margin of 6.93% and a return on equity of 15.74%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same quarter in the previous year, the business posted $1.04 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upped their price objective on Waste Connections from $197.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, May 23rd. Citigroup increased their price target on Waste Connections from $209.00 to $212.00 and gave the company a “neutral” rating in a report on Tuesday, April 29th. CIBC lowered their target price on Waste Connections from $215.00 to $212.00 and set an “outperformer” rating for the company in a research note on Tuesday, July 8th. Seaport Res Ptn upgraded Waste Connections to a “strong-buy” rating in a research note on Tuesday, May 6th. Finally, Melius Research upgraded Waste Connections to a “strong-buy” rating and set a $213.00 target price for the company in a research note on Monday, June 9th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $214.00.

Waste Connections Profile

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (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.