Appleton Partners Inc. MA Sells 468 Shares of Waste Connections, Inc. (NYSE:WCN)

Appleton Partners Inc. MA lowered its stake in shares of Waste Connections, Inc. (NYSE:WCNFree Report) by 1.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,004 shares of the business services provider’s stock after selling 468 shares during the period. Appleton Partners Inc. MA’s holdings in Waste Connections were worth $7,397,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in WCN. Royal Bank of Canada raised its stake in Waste Connections by 20.5% in the 3rd quarter. Royal Bank of Canada now owns 11,294,922 shares of the business services provider’s stock valued at $1,516,908,000 after acquiring an additional 1,920,302 shares during the period. TD Asset Management Inc increased its position in Waste Connections by 9.8% during the 4th quarter. TD Asset Management Inc now owns 5,715,923 shares of the business services provider’s stock worth $856,641,000 after buying an additional 509,929 shares during the period. Wellington Management Group LLP increased its position in Waste Connections by 43.4% during the 4th quarter. Wellington Management Group LLP now owns 4,364,071 shares of the business services provider’s stock worth $651,427,000 after buying an additional 1,320,933 shares during the period. 1832 Asset Management L.P. increased its position in Waste Connections by 7.3% during the 4th quarter. 1832 Asset Management L.P. now owns 4,104,003 shares of the business services provider’s stock worth $612,605,000 after buying an additional 280,275 shares during the period. Finally, Norges Bank bought a new position in Waste Connections during the 4th quarter worth $592,392,000. Institutional investors own 86.09% of the company’s stock.

Waste Connections Trading Down 0.4 %

Shares of Waste Connections stock traded down $0.74 during midday trading on Tuesday, reaching $172.09. The company had a trading volume of 145,492 shares, compared to its average volume of 888,751. The stock has a fifty day moving average price of $165.72 and a 200 day moving average price of $160.43. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market cap of $44.40 billion, a PE ratio of 56.12, a P/E/G ratio of 2.69 and a beta of 0.70. Waste Connections, Inc. has a fifty-two week low of $126.12 and a fifty-two week high of $173.89.

Waste Connections (NYSE:WCNGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.04 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. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts anticipate that Waste Connections, Inc. will post 4.85 earnings per share for the current year.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Wednesday, May 8th were paid a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 0.66%. The ex-dividend date was Tuesday, May 7th. Waste Connections’s dividend payout ratio (DPR) is presently 37.01%.

Insider Buying and Selling at Waste Connections

In other Waste Connections news, SVP Robert Nielsen III sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $166.00, for a total value of $332,000.00. Following the transaction, the senior vice president now directly owns 6,321 shares of the company’s stock, valued at $1,049,286. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Michael W. Harlan sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $167.59, for a total transaction of $251,385.00. Following the transaction, the director now directly owns 8,004 shares of the company’s stock, valued at $1,341,390.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert Nielsen III sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $166.00, for a total value of $332,000.00. Following the transaction, the senior vice president now directly owns 6,321 shares in the company, valued at $1,049,286. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,500 shares of company stock valued at $752,385. 0.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WCN. BMO Capital Markets increased their price objective on Waste Connections from $182.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Oppenheimer increased their target price on Waste Connections from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. UBS Group lowered Waste Connections from a “buy” rating to a “neutral” rating and increased their target price for the stock from $170.00 to $181.00 in a report on Thursday, February 29th. Royal Bank of Canada reduced their target price on Waste Connections from $196.00 to $195.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Finally, StockNews.com raised Waste Connections from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.94.

Check Out Our Latest Research Report on WCN

About Waste Connections

(Free Report)

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.

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

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