Waste Connections Inc (NYSE:WCN) Holdings Boosted by Aperio Group LLC

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Aperio Group LLC raised its stake in shares of Waste Connections Inc (NYSE:WCN) by 16.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,703 shares of the business services provider’s stock after purchasing an additional 6,534 shares during the period. Aperio Group LLC’s holdings in Waste Connections were worth $3,350,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its position in Waste Connections by 28.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,856,170 shares of the business services provider’s stock worth $273,557,000 after purchasing an additional 864,008 shares during the last quarter. BlackRock Inc. raised its position in shares of Waste Connections by 1.7% in the 4th quarter. BlackRock Inc. now owns 2,875,819 shares of the business services provider’s stock worth $204,009,000 after acquiring an additional 47,052 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Waste Connections by 39.9% in the 4th quarter. Renaissance Technologies LLC now owns 2,786,911 shares of the business services provider’s stock worth $197,732,000 after acquiring an additional 794,700 shares in the last quarter. Carillon Tower Advisers Inc. bought a new position in shares of Waste Connections in the 4th quarter worth about $145,602,000. Finally, Brown Advisory Inc. raised its position in shares of Waste Connections by 1.5% in the 4th quarter. Brown Advisory Inc. now owns 2,002,413 shares of the business services provider’s stock worth $142,021,000 after acquiring an additional 28,756 shares in the last quarter. 83.30% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on WCN shares. Credit Suisse Group set a $80.00 price objective on Waste Connections and gave the stock a “buy” rating in a research report on Friday, February 16th. UBS Group started coverage on Waste Connections in a research report on Thursday, March 15th. They issued a “buy” rating and a $91.00 price objective for the company. Zacks Investment Research lowered Waste Connections from a “buy” rating to a “hold” rating in a research report on Wednesday, March 21st. BMO Capital Markets reissued a “buy” rating and issued a $80.00 price objective (up from $79.00) on shares of Waste Connections in a research report on Thursday, April 5th. Finally, Royal Bank of Canada lifted their price objective on Waste Connections from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, May 4th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $80.50.

Shares of WCN traded up $0.18 during trading hours on Thursday, hitting $76.35. The stock had a trading volume of 754,299 shares, compared to its average volume of 798,515. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $20.16 billion, a PE ratio of 35.35, a P/E/G ratio of 2.29 and a beta of 0.18. Waste Connections Inc has a 1-year low of $63.14 and a 1-year high of $78.48.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, May 2nd. The business services provider reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Waste Connections had a return on equity of 9.68% and a net margin of 14.68%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.74 EPS. analysts expect that Waste Connections Inc will post 2.52 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 30th. Stockholders of record on Wednesday, May 16th were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, May 15th. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. Waste Connections’s dividend payout ratio is presently 25.93%.

In other Waste Connections news, VP Patrick James Shea sold 11,500 shares of Waste Connections stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $75.07, for a total transaction of $863,305.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward E. Guillet sold 10,000 shares of Waste Connections stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $75.98, for a total value of $759,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,500 shares of company stock valued at $2,994,745. 0.40% of the stock is currently owned by company insiders.

About Waste Connections

Waste Connections, Inc, a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.

Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

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