Waste Connections, Inc. $WCN Stock Holdings Increased by Delta Global Management LP

Delta Global Management LP boosted its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 94.6% in the 1st quarter, Holdings Channel reports. The firm owned 14,020 shares of the business services provider’s stock after buying an additional 6,815 shares during the period. Delta Global Management LP’s holdings in Waste Connections were worth $2,277,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. City Holding Co. bought a new position in shares of Waste Connections in the fourth quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Waste Connections during the 3rd quarter valued at $26,000. Transamerica Financial Advisors LLC boosted its stake in shares of Waste Connections by 346.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 174 shares of the business services provider’s stock worth $31,000 after acquiring an additional 135 shares in the last quarter. Whipplewood Advisors LLC boosted its stake in shares of Waste Connections by 1,166.7% during the 1st quarter. Whipplewood Advisors LLC now owns 190 shares of the business services provider’s stock worth $31,000 after acquiring an additional 175 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Waste Connections in the 4th quarter worth $36,000. 86.09% of the stock is currently owned by institutional investors.

Insider Transactions at Waste Connections

In other Waste Connections news, CEO Ronald J. Mittelstaedt acquired 50,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average cost of $152.24 per share, for a total transaction of $7,612,000.00. Following the transaction, the chief executive officer owned 301,017 shares of the company’s stock, valued at $45,826,828.08. The trade was a 19.92% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James Little sold 2,605 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $163.98, for a total value of $427,167.90. Following the sale, the vice president owned 34,395 shares of the company’s stock, valued at $5,640,092.10. The trade was a 7.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 17,605 shares of company stock worth $2,822,923. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WCN. The Goldman Sachs Group reaffirmed a “buy” rating and set a $211.00 target price on shares of Waste Connections in a research report on Thursday, April 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $208.00 price target (up from $206.00) on shares of Waste Connections in a research report on Friday, April 24th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $199.00 price target on shares of Waste Connections in a research note on Friday. Barclays set a $180.00 price objective on Waste Connections and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $218.00 price objective (up from $210.00) on shares of Waste Connections in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Waste Connections has a consensus rating of “Moderate Buy” and an average price target of $202.05.

Waste Connections Price Performance

Shares of NYSE:WCN opened at $169.52 on Friday. The company’s fifty day moving average is $161.36 and its two-hundred day moving average is $163.28. The company has a quick ratio of 0.69, a current ratio of 0.66 and a debt-to-equity ratio of 1.17. Waste Connections, Inc. has a 12-month low of $146.89 and a 12-month high of $191.91. The company has a market cap of $42.78 billion, a P/E ratio of 40.85, a price-to-earnings-growth ratio of 2.97 and a beta of 0.49.

Waste Connections (NYSE:WCN) last released its earnings results on Wednesday, July 22nd. The business services provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.51 billion. Waste Connections had a return on equity of 17.31% and a net margin of 10.86%.The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 earnings per share. Equities analysts expect that Waste Connections, Inc. will post 5.6 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 6th. Waste Connections’s payout ratio is presently 33.73%.

About Waste Connections

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.