Waste Connections, Inc. $WCN Shares Bought by OAKMONT Corp

OAKMONT Corp lifted its stake in Waste Connections, Inc. (NYSE:WCN) by 163.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 162,684 shares of the business services provider’s stock after buying an additional 101,043 shares during the period. Waste Connections makes up approximately 5.1% of OAKMONT Corp’s investment portfolio, making the stock its 10th biggest position. OAKMONT Corp owned about 0.06% of Waste Connections worth $28,600,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Asset Dedication LLC bought a new stake in shares of Waste Connections during the 2nd quarter valued at $28,000. Greykasell Wealth Strategies Inc. raised its stake in Waste Connections by 555.2% in the third quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 161 shares in the last quarter. AlphaCore Capital LLC bought a new stake in Waste Connections during the second quarter worth about $39,000. Caldwell Trust Co bought a new stake in Waste Connections during the second quarter worth about $49,000. Finally, TD Private Client Wealth LLC grew its stake in Waste Connections by 479.3% during the third quarter. TD Private Client Wealth LLC now owns 336 shares of the business services provider’s stock worth $59,000 after buying an additional 278 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Up 1.8%

Shares of NYSE:WCN opened at $160.41 on Tuesday. Waste Connections, Inc. has a 52-week low of $155.65 and a 52-week high of $201.66. The company has a market capitalization of $41.01 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 2.84 and a beta of 0.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.62 and a current ratio of 0.62. The company has a fifty day moving average of $170.55 and a 200-day moving average of $174.25.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, February 11th. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.01. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.37 billion. Waste Connections had a return on equity of 16.25% and a net margin of 11.37%.Waste Connections’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS. On average, equities analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Wednesday, February 25th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, February 25th. This represents a $1.40 annualized dividend and a yield of 0.9%. Waste Connections’s dividend payout ratio (DPR) is currently 33.57%.

Analyst Ratings Changes

A number of analysts have recently weighed in on WCN shares. Barclays set a $176.00 price target on shares of Waste Connections and gave the stock an “equal weight” rating in a report on Friday. Citigroup restated a “neutral” rating and set a $183.00 price objective (down from $196.00) on shares of Waste Connections in a research report on Friday, January 16th. TD Cowen reduced their target price on Waste Connections from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Friday. The Goldman Sachs Group began coverage on Waste Connections in a research note on Monday, November 24th. They issued a “buy” rating and a $202.00 price target on the stock. Finally, Wells Fargo & Company started coverage on Waste Connections in a research report on Thursday, November 13th. They set an “overweight” rating and a $186.00 price objective for the company. Four 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $204.20.

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.