Waste Connections, Inc. $WCN Shares Bought by TD Asset Management Inc

TD Asset Management Inc lifted its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,845,277 shares of the business services provider’s stock after buying an additional 4,473 shares during the period. TD Asset Management Inc owned about 1.50% of Waste Connections worth $675,222,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WCN. City Holding Co. purchased a new position in shares of Waste Connections during the 4th quarter worth approximately $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Waste Connections during the 3rd quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Waste Connections during the 3rd quarter worth approximately $30,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Waste Connections during the 4th quarter worth approximately $36,000. Finally, Entrust Financial LLC purchased a new position in shares of Waste Connections during the 4th quarter worth approximately $37,000. 86.09% of the stock is owned by hedge funds and other institutional investors.

Waste Connections Stock Performance

NYSE WCN opened at $150.87 on Thursday. Waste Connections, Inc. has a 1-year low of $146.89 and a 1-year high of $193.62. The company has a market capitalization of $38.28 billion, a P/E ratio of 36.80, a PEG ratio of 2.65 and a beta of 0.51. The business has a 50 day moving average price of $158.15 and a 200 day moving average price of $165.91. 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 (NYSE:WCN) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.04. Waste Connections had a return on equity of 16.49% and a net margin of 10.97%.The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business posted $1.13 EPS. Waste Connections’s quarterly revenue was up 6.4% on a year-over-year basis. Sell-side analysts expect that Waste Connections, Inc. will post 5.5 EPS for the current fiscal year.

Waste Connections Dividend Announcement

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

Wall Street Analyst Weigh In

WCN has been the subject of a number of analyst reports. TD Cowen cut their target price on Waste Connections from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $218.00 target price (up from $210.00) on shares of Waste Connections in a research note on Friday, April 24th. The Goldman Sachs Group reissued a “buy” rating and set a $211.00 target price on shares of Waste Connections in a research note on Thursday, April 23rd. JPMorgan Chase & Co. increased their target price on Waste Connections from $195.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Barclays set a $180.00 target price on Waste Connections and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $203.35.

Insiders Place Their Bets

In other Waste Connections news, SVP Eric Hansen sold 6,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $164.82, for a total transaction of $988,920.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP James Little sold 2,605 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $163.98, for a total value of $427,167.90. Following the transaction, the vice president directly owned 34,395 shares of the company’s stock, valued at $5,640,092.10. The trade was a 7.04% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is currently owned by company insiders.

About Waste Connections

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.