Waste Connections, Inc. (NYSE:WCN) Shares Sold by Cassia Capital Partners LLC

Cassia Capital Partners LLC decreased its position in Waste Connections, Inc. (NYSE:WCN) by 7.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,988 shares of the business services provider’s stock after selling 315 shares during the period. Cassia Capital Partners LLC’s holdings in Waste Connections were worth $714,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WCN. Mather Group LLC. acquired a new stake in shares of Waste Connections during the first quarter valued at $77,000. Alaska Permanent Fund Corp acquired a new stake in shares of Waste Connections during the first quarter valued at $108,000. &PARTNERS acquired a new stake in shares of Waste Connections during the first quarter valued at $202,000. Traynor Capital Management Inc. boosted its stake in shares of Waste Connections by 12.1% during the first quarter. Traynor Capital Management Inc. now owns 2,125 shares of the business services provider’s stock valued at $366,000 after acquiring an additional 230 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Waste Connections by 3.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,005 shares of the business services provider’s stock valued at $689,000 after acquiring an additional 118 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Price Performance

NYSE WCN traded down $1.46 during trading hours on Monday, reaching $181.14. 175,893 shares of the company’s stock were exchanged, compared to its average volume of 880,608. The firm has a fifty day moving average of $182.13 and a 200-day moving average of $174.82. Waste Connections, Inc. has a one year low of $126.12 and a one year high of $187.54. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.97. The stock has a market cap of $46.74 billion, a PE ratio of 58.61, a price-to-earnings-growth ratio of 2.90 and a beta of 0.72.

Waste Connections (NYSE:WCN) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.07. Waste Connections had a return on equity of 15.16% and a net margin of 10.23%. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the business earned $1.02 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities research analysts predict that Waste Connections, Inc. will post 4.84 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 7th. Waste Connections’s dividend payout ratio is 37.01%.

Analyst Ratings Changes

WCN has been the topic of a number of analyst reports. Oppenheimer increased their price objective on Waste Connections from $191.00 to $194.00 and gave the company an “outperform” rating in a research note on Monday. Truist Financial increased their price objective on Waste Connections from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Citigroup increased their target price on Waste Connections from $190.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. BMO Capital Markets increased their target price on Waste Connections from $196.00 to $198.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada increased their target price on Waste Connections from $195.00 to $199.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Waste Connections currently has an average rating of “Moderate Buy” and a consensus target price of $194.19.

Insiders Place Their Bets

In other news, SVP Susan Netherton sold 2,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $179.13, for a total value of $358,260.00. Following the transaction, the senior vice president now owns 10,078 shares of the company’s stock, valued at $1,805,272.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Mary Anne Whitney sold 16,300 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $178.05, for a total value of $2,902,215.00. Following the transaction, the chief financial officer now owns 48,899 shares of the company’s stock, valued at $8,706,466.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Susan Netherton sold 2,000 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $179.13, for a total value of $358,260.00. Following the completion of the transaction, the senior vice president now directly owns 10,078 shares in the company, valued at approximately $1,805,272.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,600 shares of company stock valued at $3,842,550. 0.31% of the stock is currently owned by corporate insiders.

Waste Connections Profile

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.