West Family Investments Inc. Makes New Investment in Waste Connections, Inc. $WCN

West Family Investments Inc. bought a new position in Waste Connections, Inc. (NYSE:WCN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,187 shares of the business services provider’s stock, valued at approximately $1,031,000.

Other hedge funds also recently modified their holdings of the company. Kestra Private Wealth Services LLC raised its holdings in shares of Waste Connections by 2.6% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,556 shares of the business services provider’s stock valued at $449,000 after purchasing an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Waste Connections by 1.5% in the first quarter. EverSource Wealth Advisors LLC now owns 4,312 shares of the business services provider’s stock worth $701,000 after purchasing an additional 65 shares in the last quarter. WPG Advisers LLC boosted its holdings in Waste Connections by 7.7% in the fourth quarter. WPG Advisers LLC now owns 919 shares of the business services provider’s stock worth $161,000 after purchasing an additional 66 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in Waste Connections by 12.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 607 shares of the business services provider’s stock worth $106,000 after buying an additional 67 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in Waste Connections by 21.1% during the fourth quarter. TD Private Client Wealth LLC now owns 407 shares of the business services provider’s stock worth $71,000 after buying an additional 71 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Insider Buying and Selling

In related news, VP Patrick James Shea sold 7,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the vice president owned 19,737 shares of the company’s stock, valued at approximately $3,084,103.62. The trade was a 27.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert Michael Cloninger sold 2,811 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $171.02, for a total value of $480,737.22. Following the sale, the senior vice president owned 11,666 shares of the company’s stock, valued at approximately $1,995,119.32. The trade was a 19.42% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 11,811 shares of company stock valued at $1,887,572. Insiders own 0.27% of the company’s stock.

Waste Connections Stock Performance

Shares of WCN opened at $169.10 on Thursday. The company has a market capitalization of $42.54 billion, a PE ratio of 40.75, a price-to-earnings-growth ratio of 2.84 and a beta of 0.48. Waste Connections, Inc. has a one year low of $146.89 and a one year high of $188.75. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.66 and a quick ratio of 0.66. The company’s fifty day moving average price is $165.99 and its 200 day moving average price is $163.11.

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

Waste Connections Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group restated a “neutral” rating and set a $176.00 target price (up from $170.00) on shares of Waste Connections in a report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their price target on Waste Connections from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Waste Connections in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $199.00 price objective on shares of Waste Connections in a research note on Friday, July 24th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $208.00 target price (up from $206.00) on shares of Waste Connections in a report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Waste Connections has a consensus rating of “Moderate Buy” and an average target price of $200.89.

Waste Connections 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.