395 Shares in Waste Connections, Inc. (NYSE:WCN) Bought by GAMMA Investing LLC

GAMMA Investing LLC bought a new stake in shares of Waste Connections, Inc. (NYSE:WCN) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 395 shares of the business services provider’s stock, valued at approximately $61,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pacifica Partners Inc. bought a new stake in shares of Waste Connections during the 4th quarter valued at about $25,000. Headinvest LLC bought a new position in shares of Waste Connections during the third quarter valued at approximately $36,000. Operose Advisors LLC acquired a new stake in shares of Waste Connections during the 3rd quarter worth approximately $40,000. Rational Advisors LLC bought a new stake in shares of Waste Connections in the 3rd quarter worth approximately $41,000. Finally, Fifth Third Bancorp boosted its position in Waste Connections by 14.3% during the 3rd quarter. Fifth Third Bancorp now owns 758 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 95 shares during the period. 86.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup upped their target price on shares of Waste Connections from $136.00 to $163.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. CIBC lifted their target price on Waste Connections from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Wells Fargo & Company increased their price target on Waste Connections from $170.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. UBS Group cut shares of Waste Connections from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $170.00 to $181.00 in a research note on Thursday, February 29th. Finally, Oppenheimer raised their target price on shares of Waste Connections from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.33.

Waste Connections Trading Down 0.0 %

Waste Connections stock opened at $162.08 on Thursday. Waste Connections, Inc. has a 1 year low of $126.12 and a 1 year high of $173.02. The firm’s 50 day moving average price is $167.95 and its two-hundred day moving average price is $152.72. The firm has a market cap of $41.82 billion, a price-to-earnings ratio of 52.62, a price-to-earnings-growth ratio of 2.66 and a beta of 0.66. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.75 and a current ratio of 0.75.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. Waste Connections had a return on equity of 14.66% and a net margin of 9.70%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. Waste Connections’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts predict that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.

Waste Connections Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Wednesday, May 8th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 0.70%. The ex-dividend date is Tuesday, May 7th. Waste Connections’s payout ratio is 37.01%.

Insider Buying and Selling at Waste Connections

In other news, Director Andrea E. Bertone sold 902 shares of Waste Connections stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $169.17, for a total transaction of $152,591.34. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.31% of the company’s stock.

Waste Connections Profile

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.