Waste Connections, Inc. $WCN Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp reduced its stake in Waste Connections, Inc. (NYSE:WCN) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,116,452 shares of the business services provider’s stock after selling 4,200 shares during the period. Waste Connections makes up about 1.4% of OMERS ADMINISTRATION Corp’s holdings, making the stock its 16th largest holding. OMERS ADMINISTRATION Corp owned about 0.44% of Waste Connections worth $195,781,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of WCN. Vanguard Personalized Indexing Management LLC raised its stake in Waste Connections by 25.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 21,981 shares of the business services provider’s stock valued at $3,855,000 after buying an additional 4,413 shares in the last quarter. MML Investors Services LLC raised its stake in Waste Connections by 11.8% in the fourth quarter. MML Investors Services LLC now owns 41,784 shares of the business services provider’s stock valued at $7,327,000 after buying an additional 4,418 shares in the last quarter. Mariner LLC raised its stake in Waste Connections by 3.6% in the fourth quarter. Mariner LLC now owns 158,227 shares of the business services provider’s stock valued at $27,752,000 after buying an additional 5,516 shares in the last quarter. Brown Advisory Inc. raised its stake in Waste Connections by 32.7% in the fourth quarter. Brown Advisory Inc. now owns 1,677,773 shares of the business services provider’s stock valued at $294,214,000 after buying an additional 413,202 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in Waste Connections by 19.0% in the fourth quarter. Kestra Advisory Services LLC now owns 5,879 shares of the business services provider’s stock valued at $1,031,000 after buying an additional 939 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Stock Performance

Shares of WCN stock opened at $154.76 on Tuesday. The stock’s 50-day moving average is $157.46 and its two-hundred day moving average is $164.94. The firm has a market cap of $39.26 billion, a price-to-earnings ratio of 37.75, a PEG ratio of 2.77 and a beta of 0.51. Waste Connections, Inc. has a 1 year low of $146.89 and a 1 year high of $191.91. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.69 and a current ratio of 0.69.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.04. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.50 billion. Waste Connections had a return on equity of 16.49% and a net margin of 10.97%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.13 earnings per share. Analysts predict that Waste Connections, Inc. will post 5.5 earnings per share for the current year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 6th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. Waste Connections’s dividend payout ratio (DPR) is presently 34.15%.

Insider Activity at Waste Connections

In other Waste Connections news, SVP Eric Hansen sold 6,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $164.82, for a total transaction of $988,920.00. Following the transaction, the senior vice president owned 13,350 shares of the company’s stock, valued at approximately $2,200,347. This trade represents a 31.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ronald J. Mittelstaedt acquired 50,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $152.24 per share, for a total transaction of $7,612,000.00. Following the acquisition, the chief executive officer owned 301,017 shares of the company’s stock, valued at approximately $45,826,828.08. The trade was a 19.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 17,605 shares of company stock valued at $2,822,923. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

WCN has been the topic of a number of analyst reports. Barclays set a $180.00 price target on Waste Connections and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada restated an “outperform” rating and issued a $218.00 price target (up from $210.00) on shares of Waste Connections in a research note on Friday, April 24th. Wolfe Research initiated coverage on Waste Connections in a research note on Friday, March 13th. They issued an “outperform” rating and a $199.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Waste Connections from $195.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Weiss Ratings cut Waste Connections from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $202.84.

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.