WINTON GROUP Ltd Sells 9,000 Shares of Waste Connections, Inc. $WCN

WINTON GROUP Ltd reduced its position in Waste Connections, Inc. (NYSE:WCN) by 68.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,200 shares of the business services provider’s stock after selling 9,000 shares during the period. WINTON GROUP Ltd’s holdings in Waste Connections were worth $700,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WCN. Evolve Private Wealth LLC acquired a new position in shares of Waste Connections during the 2nd quarter worth approximately $1,022,000. Rathbones Group PLC lifted its holdings in Waste Connections by 1.2% during the 4th quarter. Rathbones Group PLC now owns 669,442 shares of the business services provider’s stock valued at $117,394,000 after purchasing an additional 7,866 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Waste Connections during the second quarter worth $12,398,000. Fideuram Asset Management Ireland dac bought a new position in Waste Connections during the fourth quarter worth $646,000. Finally, Legacy Wealth Asset Management LLC increased its holdings in shares of Waste Connections by 68.1% in the second quarter. Legacy Wealth Asset Management LLC now owns 15,966 shares of the business services provider’s stock valued at $2,661,000 after purchasing an additional 6,470 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WCN shares. TD Cowen reissued 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. Citigroup lifted their target price on shares of Waste Connections from $180.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Waste Connections in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $199.00 price target on shares of Waste Connections in a report on Friday, July 24th. Finally, Barclays raised their price objective on shares of Waste Connections from $180.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. Two equities research 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 stock. According to data from MarketBeat, Waste Connections currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.89.

Insider Transactions at Waste Connections

In other news, SVP Philip Rivard sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $166.57, for a total transaction of $416,425.00. Following the transaction, the senior vice president directly owned 734 shares of the company’s stock, valued at approximately $122,262.38. This trade represents a 77.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert Cloninger sold 2,811 shares of Waste Connections stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $171.02, for a total transaction of $480,737.22. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.27% of the company’s stock.

Waste Connections Stock Up 0.9%

WCN stock opened at $161.15 on Tuesday. Waste Connections, Inc. has a fifty-two week low of $146.89 and a fifty-two week high of $179.74. 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 stock has a market capitalization of $40.54 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 2.74 and a beta of 0.48. The business’s fifty day moving average price is $167.27 and its two-hundred day moving average price is $162.99.

Waste Connections (NYSE:WCN) last announced 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. Waste Connections had a net margin of 10.86% and a return on equity of 17.31%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the previous year, the business posted $1.29 earnings per share. Waste Connections’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities analysts anticipate 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 was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a $0.35 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.40 annualized dividend and a yield of 0.9%. Waste Connections’s payout ratio is 33.73%.

Waste Connections Company Profile

Waste Connections, Inc is an integrated solid waste services company that provides collection, transfer, disposal, recycling and resource-recovery services across the United States and Canada. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills and recycling facilities.

Its services include curbside and containerized waste collection, construction and demolition debris management, recycling, landfill disposal, and the management of non-hazardous oilfield waste.