Fideuram Asset Management Ireland dac Takes Position in Waste Connections, Inc. $WCN

Fideuram Asset Management Ireland dac bought a new stake in shares of Waste Connections, Inc. (NYSE:WCN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,418 shares of the business services provider’s stock, valued at approximately $646,000.

Several other large investors have also recently made changes to their positions in the business. Ritholtz Wealth Management lifted its holdings in shares of Waste Connections by 2.1% during the fourth quarter. Ritholtz Wealth Management now owns 3,042 shares of the business services provider’s stock valued at $533,000 after purchasing an additional 64 shares during the last quarter. Kestra Private Wealth Services LLC increased its position in shares of Waste Connections by 2.6% during the third quarter. Kestra Private Wealth Services LLC now owns 2,556 shares of the business services provider’s stock valued at $449,000 after acquiring an additional 64 shares in the last quarter. WPG Advisers LLC increased its position in shares of Waste Connections by 7.7% during the fourth quarter. WPG Advisers LLC now owns 919 shares of the business services provider’s stock valued at $161,000 after acquiring an additional 66 shares in the last quarter. RDA Financial Network increased its position in shares of Waste Connections by 2.8% during the fourth quarter. RDA Financial Network now owns 2,459 shares of the business services provider’s stock valued at $431,000 after acquiring an additional 67 shares in the last quarter. Finally, Integrated Advisors Network LLC increased its position in shares of Waste Connections by 4.3% during the third quarter. Integrated Advisors Network LLC now owns 1,685 shares of the business services provider’s stock valued at $296,000 after acquiring an additional 70 shares in the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP James Little sold 2,605 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $163.98, for a total value of $427,167.90. Following the completion of the transaction, the vice president owned 34,395 shares of the company’s stock, valued at approximately $5,640,092.10. This represents a 7.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ronald J. Mittelstaedt bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $152.24 per share, with a total value of $7,612,000.00. Following the acquisition, the chief executive officer directly owned 301,017 shares in the company, valued at $45,826,828.08. This trade represents a 19.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

WCN has been the subject of several analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $211.00 price target on shares of Waste Connections in a research report on Thursday, April 23rd. BMO Capital Markets reissued an “outperform” rating and set a $208.00 price target (up from $206.00) on shares of Waste Connections in a research report on Friday, April 24th. Morgan Stanley set a $205.00 price target on shares of Waste Connections and gave the company an “overweight” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. raised their price target on shares of Waste Connections from $195.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft set a $212.00 price target on shares of Waste Connections in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $203.35.

Waste Connections Trading Down 1.3%

Shares of WCN stock opened at $149.13 on Friday. Waste Connections, Inc. has a 1 year low of $148.84 and a 1 year high of $197.35. The firm has a fifty day moving average price of $158.96 and a 200-day moving average price of $166.29. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $38.06 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 2.65 and a beta of 0.55.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.04. Waste Connections had a net margin of 10.97% and a return on equity of 16.49%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities analysts predict that Waste Connections, Inc. will post 5.5 earnings per share for the current year.

Waste Connections Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Wednesday, May 6th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, May 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. Waste Connections’s payout ratio is presently 34.15%.

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.