Zurcher Kantonalbank Zurich Cantonalbank Has $22.54 Million Holdings in Waste Connections Inc (NYSE:WCN)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Waste Connections Inc (NYSE:WCN) by 0.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 322,915 shares of the business services provider’s stock after selling 2,443 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.12% of Waste Connections worth $22,536,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Waste Connections by 55.9% during the 2nd quarter. Vanguard Group Inc. now owns 22,501,128 shares of the business services provider’s stock worth $1,449,523,000 after purchasing an additional 8,068,453 shares during the last quarter. JPMorgan Chase & Co. raised its position in Waste Connections by 59.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,757,442 shares of the business services provider’s stock worth $757,414,000 after purchasing an additional 4,380,232 shares during the last quarter. Royal Bank of Canada raised its position in Waste Connections by 59.9% during the 2nd quarter. Royal Bank of Canada now owns 10,043,896 shares of the business services provider’s stock worth $647,028,000 after purchasing an additional 3,762,212 shares during the last quarter. Wells Fargo & Company MN raised its position in Waste Connections by 36.9% during the 2nd quarter. Wells Fargo & Company MN now owns 7,286,764 shares of the business services provider’s stock worth $469,413,000 after purchasing an additional 1,965,851 shares during the last quarter. Finally, Maverick Capital Ltd. raised its position in Waste Connections by 8.3% during the 2nd quarter. Maverick Capital Ltd. now owns 5,537,682 shares of the business services provider’s stock worth $356,737,000 after purchasing an additional 426,642 shares during the last quarter. Institutional investors own 83.02% of the company’s stock.

WCN has been the subject of several analyst reports. Zacks Investment Research raised Waste Connections from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Thursday, October 5th. Stifel Nicolaus raised their target price on Waste Connections from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 4th. KeyCorp reaffirmed a “buy” rating and set a $78.00 target price on shares of Waste Connections in a research report on Friday, October 27th. TD Securities raised their target price on Waste Connections from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Finally, Credit Suisse Group set a $82.00 target price on Waste Connections and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $77.87.

Shares of Waste Connections Inc (NYSE:WCN) opened at $68.42 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.66. Waste Connections Inc has a 1-year low of $50.86 and a 1-year high of $74.20. The firm has a market capitalization of $18,001.41, a PE ratio of 32.57, a price-to-earnings-growth ratio of 4.07 and a beta of 0.17.

Waste Connections (NYSE:WCN) last issued its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Waste Connections had a return on equity of 9.59% and a net margin of 7.68%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business posted $0.72 EPS. sell-side analysts predict that Waste Connections Inc will post 2.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were paid a $0.14 dividend. The ex-dividend date was Tuesday, November 7th. This is an increase from Waste Connections’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.82%. Waste Connections’s dividend payout ratio (DPR) is currently 42.42%.

In other news, Director Robert Davis sold 700 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $71.72, for a total value of $50,204.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Darrell W. Chambliss sold 5,625 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $70.99, for a total value of $399,318.75. Following the completion of the sale, the chief operating officer now owns 101,292 shares of the company’s stock, valued at $7,190,719.08. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

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Waste Connections Company Profile

Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.

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

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