Osaic Holdings Inc. Buys 3,175 Shares of Waste Connections, Inc. $WCN

Osaic Holdings Inc. boosted its stake in Waste Connections, Inc. (NYSE:WCN) by 45.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,086 shares of the business services provider’s stock after buying an additional 3,175 shares during the period. Osaic Holdings Inc.’s holdings in Waste Connections were worth $1,885,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Asset Dedication LLC bought a new stake in shares of Waste Connections during the second quarter worth approximately $28,000. AlphaCore Capital LLC bought a new stake in Waste Connections in the 2nd quarter valued at $39,000. Trust Co. of Toledo NA OH acquired a new position in Waste Connections in the 2nd quarter valued at $51,000. Marshall & Sullivan Inc. WA acquired a new position in Waste Connections in the 2nd quarter valued at $70,000. Finally, Valley National Advisers Inc. increased its position in Waste Connections by 83.3% during the 2nd quarter. Valley National Advisers Inc. now owns 396 shares of the business services provider’s stock worth $73,000 after buying an additional 180 shares during the period. 86.09% of the stock is owned by institutional investors.

Insider Transactions at Waste Connections

In other Waste Connections news, Director Edward E. Guillet sold 9,000 shares of the stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $174.44, for a total transaction of $1,569,960.00. Following the sale, the director owned 14,883 shares in the company, valued at $2,596,190.52. This represents a 37.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.28% of the stock is owned by insiders.

Waste Connections Price Performance

WCN opened at $178.13 on Monday. Waste Connections, Inc. has a fifty-two week low of $163.27 and a fifty-two week high of $201.66. The firm has a 50-day moving average of $172.74 and a 200 day moving average of $178.40. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $45.55 billion, a P/E ratio of 74.22, a PEG ratio of 3.53 and a beta of 0.62.

Waste Connections (NYSE:WCN) last released its earnings results on Tuesday, October 21st. The business services provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.06. Waste Connections had a return on equity of 16.07% and a net margin of 6.65%.The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the business posted $1.35 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Wednesday, November 5th were issued a $0.35 dividend. This is a boost from Waste Connections’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, November 5th. This represents a $1.40 annualized dividend and a yield of 0.8%. Waste Connections’s payout ratio is 58.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays reissued a “negative” rating on shares of Waste Connections in a research report on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Waste Connections in a research report on Wednesday, October 8th. Oppenheimer raised their target price on shares of Waste Connections from $205.00 to $206.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Stifel Nicolaus cut their price target on Waste Connections from $221.00 to $218.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Finally, Raymond James Financial set a $213.00 price target on Waste Connections and gave the stock a “strong-buy” rating in a research report on Monday, October 6th. Five analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $208.37.

Waste Connections 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.