133,313 Shares in Waste Connections, Inc. $WCN Bought by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in shares of Waste Connections, Inc. (NYSE:WCN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 133,313 shares of the business services provider’s stock, valued at approximately $22,232,000. Hsbc Holdings PLC owned about 0.05% of Waste Connections at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new position in shares of Waste Connections in the third quarter worth about $26,000. Transamerica Financial Advisors LLC boosted its stake in Waste Connections by 346.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 174 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 135 shares during the period. Group One Trading LLC bought a new stake in Waste Connections during the 2nd quarter valued at approximately $30,000. Whipplewood Advisors LLC grew its holdings in Waste Connections by 1,166.7% in the 1st quarter. Whipplewood Advisors LLC now owns 190 shares of the business services provider’s stock valued at $31,000 after buying an additional 175 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Waste Connections in the 4th quarter valued at approximately $36,000. 86.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Waste Connections

In other Waste Connections news, VP Patrick James Shea sold 7,500 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $156.26, for a total value of $1,171,950.00. Following the sale, the vice president owned 19,737 shares of the company’s stock, valued at $3,084,103.62. The trade was a 27.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Philip Rivard sold 2,500 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president directly owned 734 shares in the company, valued at $122,262.38. This trade represents a 77.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,311 shares of company stock worth $2,303,997 over the last three months. 0.27% of the stock is currently owned by corporate insiders.

Waste Connections Price Performance

Shares of WCN stock opened at $165.88 on Friday. The stock has a 50 day moving average of $167.49 and a two-hundred day moving average of $163.09. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.17. Waste Connections, Inc. has a 12 month low of $146.89 and a 12 month high of $185.33. The company has a market capitalization of $41.73 billion, a P/E ratio of 39.97, a P/E/G ratio of 2.87 and a beta of 0.48.

Waste Connections (NYSE:WCN) last released 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 business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Waste Connections had a return on equity of 17.31% and a net margin of 10.86%.Waste Connections’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 earnings per share. As a group, equities analysts expect that Waste Connections, Inc. will post 5.62 EPS for the current year.

Waste Connections Dividend Announcement

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

Analyst Ratings Changes

WCN has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Waste Connections in a report on Friday, August 7th. UBS Group reaffirmed a “neutral” rating and set a $176.00 target price (up from $170.00) on shares of Waste Connections in a research report on Tuesday, August 4th. Citigroup upped their target price on shares of Waste Connections from $180.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. reduced their price target on shares of Waste Connections from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Finally, TD Cowen restated a “buy” rating and issued a $210.00 price target (up from $200.00) on shares of Waste Connections in a research report on Friday, July 24th. Two 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $200.89.

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.