Fideuram Asset Management Ireland dac Acquires Shares of 3,418 Waste Connections, Inc. $WCN

Fideuram Asset Management Ireland dac acquired a new stake in shares of Waste Connections, Inc. (NYSE:WCN) in the 4th quarter, Holdings Channel.com reports. The fund acquired 3,418 shares of the business services provider’s stock, valued at approximately $646,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Waste Connections during the 3rd quarter valued at about $1,911,000. Cidel Asset Management Inc. boosted its holdings in shares of Waste Connections by 19.5% during the 3rd quarter. Cidel Asset Management Inc. now owns 163,675 shares of the business services provider’s stock valued at $28,780,000 after purchasing an additional 26,684 shares during the last quarter. Procyon Advisors LLC bought a new position in shares of Waste Connections during the 4th quarter valued at about $1,908,000. Trium Capital LLP purchased a new stake in shares of Waste Connections during the 4th quarter valued at about $1,995,000. Finally, Thrivent Financial for Lutherans raised its position in shares of Waste Connections by 770.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 57,519 shares of the business services provider’s stock valued at $10,112,000 after buying an additional 50,911 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WCN shares. Barclays set a $180.00 target price on shares of Waste Connections and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. upped their target price on shares of Waste Connections from $195.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. BMO Capital Markets restated an “outperform” rating and set a $208.00 target price (up from $206.00) on shares of Waste Connections in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft set a $212.00 target price on shares of Waste Connections in a research report on Friday, February 13th. Finally, Scotiabank set a $197.00 target price on shares of Waste Connections and gave the company a “sector outperform” rating in a research report on Friday, February 13th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $203.35.

Insider Buying and Selling

In other news, SVP Eric Hansen sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $164.82, for a total transaction of $988,920.00. Following the transaction, the senior vice president directly 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 legal filing with the SEC, which can be accessed through this link. Also, CEO Ronald J. Mittelstaedt bought 50,000 shares of Waste Connections stock in a transaction dated Tuesday, May 12th. The shares were bought at an average cost of $152.24 per share, for a total transaction of $7,612,000.00. Following the completion of the transaction, the chief executive officer owned 301,017 shares of the company’s stock, valued at approximately $45,826,828.08. This trade represents a 19.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.27% of the stock is currently owned by corporate insiders.

Waste Connections Stock Performance

Waste Connections stock opened at $149.13 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.69 and a quick ratio of 0.69. Waste Connections, Inc. has a 1-year low of $148.84 and a 1-year high of $197.35. The firm has a market capitalization of $38.06 billion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The company’s 50-day moving average is $158.96 and its 200 day moving average is $166.29.

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

Waste Connections Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 6th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, May 6th. Waste Connections’s dividend payout ratio is 34.15%.

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.