Segall Bryant & Hamill LLC Has $7.95 Million Stock Position in Waste Connections, Inc. $WCN

Segall Bryant & Hamill LLC lowered its position in Waste Connections, Inc. (NYSE:WCN) by 7.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,962 shares of the business services provider’s stock after selling 3,672 shares during the period. Segall Bryant & Hamill LLC’s holdings in Waste Connections were worth $7,953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in Waste Connections in the first quarter valued at about $577,000. Invesco Ltd. raised its position in shares of Waste Connections by 12.8% during the second quarter. Invesco Ltd. now owns 219,290 shares of the business services provider’s stock worth $40,946,000 after purchasing an additional 24,948 shares during the period. First Trust Advisors LP grew its position in shares of Waste Connections by 2.9% in the 2nd quarter. First Trust Advisors LP now owns 24,463 shares of the business services provider’s stock valued at $4,572,000 after purchasing an additional 688 shares during the period. Jump Financial LLC acquired a new position in shares of Waste Connections in the 2nd quarter valued at approximately $2,714,000. Finally, State Street Corp increased its stake in Waste Connections by 1.0% during the 2nd quarter. State Street Corp now owns 1,808,631 shares of the business services provider’s stock worth $337,708,000 after purchasing an additional 17,197 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Trading Up 0.1%

NYSE:WCN opened at $167.54 on Monday. The company has a market cap of $42.28 billion, a P/E ratio of 40.37, a price-to-earnings-growth ratio of 2.87 and a beta of 0.49. Waste Connections, Inc. has a twelve month low of $146.89 and a twelve month high of $191.00. The business has a 50 day moving average price of $162.57 and a two-hundred day moving average price of $163.23. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.17.

Waste Connections (NYSE:WCN) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.51 billion. Waste Connections had a net margin of 10.86% and a return on equity of 17.31%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $1.29 earnings per share. As a group, analysts expect that Waste Connections, Inc. will post 5.63 EPS for the current fiscal year.

Waste Connections Dividend Announcement

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

Analyst Upgrades and Downgrades

WCN has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed 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. JPMorgan Chase & Co. lowered their price objective on shares of Waste Connections from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Weiss Ratings lowered shares of Waste Connections from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. TD Cowen reaffirmed a “buy” rating and issued a $210.00 price objective (up from $200.00) on shares of Waste Connections in a research report on Friday, July 24th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $199.00 target price on shares of Waste Connections in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $202.42.

Insider Buying and Selling at Waste Connections

In other news, COO Jason Craft sold 1,500 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $156.59, for a total value of $234,885.00. Following the completion of the transaction, the chief operating officer owned 32,861 shares in the company, valued at $5,145,703.99. This trade represents a 4.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ronald J. Mittelstaedt bought 50,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was bought 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 11,811 shares of company stock valued at $1,887,572 over the last quarter. 0.27% of the stock is currently owned by corporate insiders.

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.