Jane Street Group LLC bought a new position in shares of Waste Connections Inc (NYSE:WCN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,263 shares of the business services provider’s stock, valued at approximately $515,000.
Other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new stake in Waste Connections during the 3rd quarter worth approximately $103,000. Cerebellum GP LLC acquired a new stake in Waste Connections during the 4th quarter worth approximately $125,000. SG Americas Securities LLC acquired a new stake in Waste Connections during the 4th quarter worth approximately $194,000. Timber Hill LLC acquired a new stake in Waste Connections during the 4th quarter worth approximately $206,000. Finally, Advisor Partners LLC acquired a new stake in Waste Connections during the 4th quarter worth approximately $216,000. Institutional investors own 84.21% of the company’s stock.
In related news, VP David Eddie sold 6,071 shares of Waste Connections stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $71.06, for a total transaction of $431,405.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider James Little sold 5,000 shares of Waste Connections stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $70.49, for a total transaction of $352,450.00. Following the sale, the insider now owns 25,709 shares in the company, valued at $1,812,227.41. The disclosure for this sale can be found here. Insiders have sold a total of 67,571 shares of company stock worth $4,911,600 over the last quarter. 0.68% of the stock is owned by company insiders.
Shares of WCN opened at $72.36 on Friday. Waste Connections Inc has a twelve month low of $58.33 and a twelve month high of $74.59. The firm has a market capitalization of $19,181.67, a PE ratio of 33.50, a PEG ratio of 2.67 and a beta of 0.18. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63.
Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Waste Connections had a net margin of 12.46% and a return on equity of 9.63%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business earned $0.46 EPS. Waste Connections’s revenue for the quarter was up 10.4% compared to the same quarter last year. equities analysts expect that Waste Connections Inc will post 2.53 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th were paid a dividend of $0.14 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.56 annualized dividend and a yield of 0.77%. Waste Connections’s dividend payout ratio is currently 25.93%.
A number of equities research analysts have issued reports on the stock. BMO Capital Markets reiterated a “buy” rating and set a $80.00 target price (up from $79.00) on shares of Waste Connections in a report on Thursday. Zacks Investment Research lowered shares of Waste Connections from a “buy” rating to a “hold” rating in a report on Wednesday, March 21st. UBS began coverage on shares of Waste Connections in a report on Thursday, March 15th. They issued a “buy” rating and a $91.00 price objective on the stock. Credit Suisse Group restated an “outperform” rating on shares of Waste Connections in a report on Tuesday, February 20th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $85.00 price objective on shares of Waste Connections in a report on Thursday, January 4th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Waste Connections currently has an average rating of “Buy” and a consensus target price of $79.28.
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About Waste Connections
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.
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