IFM Investors Pty Ltd Has $2.68 Million Stock Position in Waste Connections Inc (NYSE:WCN)

IFM Investors Pty Ltd grew its stake in Waste Connections Inc (NYSE:WCN) by 54.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 29,079 shares of the business services provider’s stock after buying an additional 10,312 shares during the quarter. IFM Investors Pty Ltd’s holdings in Waste Connections were worth $2,675,000 as of its most recent filing with the SEC.

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Other institutional investors and hedge funds also recently made changes to their positions in the company. HM Payson & Co. acquired a new stake in shares of Waste Connections in the second quarter valued at about $36,000. Steward Partners Investment Advisory LLC purchased a new position in Waste Connections in the second quarter valued at about $39,000. Commonwealth Bank of Australia boosted its holdings in Waste Connections by 47.7% in the second quarter. Commonwealth Bank of Australia now owns 551 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 178 shares during the last quarter. TRUE Private Wealth Advisors purchased a new position in Waste Connections in the second quarter valued at about $66,000. Finally, Signaturefd LLC boosted its holdings in Waste Connections by 42.2% in the second quarter. Signaturefd LLC now owns 1,214 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 360 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

NYSE WCN opened at $89.52 on Friday. The company has a market capitalization of $23.78 billion, a price-to-earnings ratio of 35.52, a PEG ratio of 3.90 and a beta of 0.16. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. Waste Connections Inc has a 1-year low of $70.28 and a 1-year high of $97.93. The stock’s 50 day moving average is $91.31 and its two-hundred day moving average is $92.64.

Waste Connections (NYSE:WCN) last announced its earnings results on Monday, October 28th. The business services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.71 by $0.02. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. Waste Connections had a return on equity of 10.62% and a net margin of 10.70%. Waste Connections’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. On average, analysts predict that Waste Connections Inc will post 2.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Friday, November 8th. Waste Connections’s payout ratio is currently 29.37%.

In other Waste Connections news, Director Michael W. Harlan sold 2,038 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $91.43, for a total transaction of $186,334.34. Following the completion of the sale, the director now owns 17,425 shares in the company, valued at approximately $1,593,167.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Matthew Stephen Black sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $91.69, for a total transaction of $366,760.00. Following the sale, the vice president now owns 23,063 shares of the company’s stock, valued at approximately $2,114,646.47. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

A number of research analysts recently commented on WCN shares. Stifel Nicolaus set a $105.00 price target on Waste Connections and gave the company a “buy” rating in a report on Monday, September 23rd. Royal Bank of Canada set a $100.00 target price on Waste Connections and gave the stock a “buy” rating in a report on Wednesday, July 31st. Jefferies Financial Group began coverage on Waste Connections in a report on Thursday. They set a “buy” rating on the stock. CIBC set a $99.00 target price on Waste Connections and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. initiated coverage on Waste Connections in a report on Wednesday, August 7th. They set an “overweight” rating and a $98.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Waste Connections has an average rating of “Buy” and an average price target of $97.66.

About Waste Connections

Waste Connections, Inc provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and 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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