2 weeks Ago By ABMN Staff
Dimensional Fund Advisors LP grew its position in shares of Waste Connections, Inc. ( NYSE:WCN – Free Report ) by 6.4% in the second quarter, according to its most recent filing with the SEC.
The fund owned 386,448 shares of the business services provider’s stock after acquiring an additional 23,194 shares during the quarter. Dimensional Fund Advisors LP owned about 0.15% of Waste Connections worth $67,770,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hexagon Capital Partners LLC raised its holdings in Waste Connections by 116.2% during the 1st quarter.
Hexagon Capital Partners LLC now owns 160 shares of the business services provider’s stock valued at $28,000 after buying an additional 86 shares during the period. OFI Invest Asset Management purchased a new stake in Waste Connections during the 1st quarter valued at $32,000. Pathway Financial Advisers LLC purchased a new stake in Waste Connections during the 1st quarter valued at $43,000.
Signature Resources Capital Management LLC purchased a new stake in Waste Connections during the 2nd quarter valued at $45,000. Finally, Sands Capital Management LLC raised its holdings in Waste Connections by 76.6% during the 4th quarter.
Sands Capital Management LLC now owns 378 shares of the business services provider’s stock valued at $56,000 after buying an additional 164 shares during the period. 86.09% of the stock is currently owned by institutional investors.
Waste Connections Price Performance Shares of NYSE WCN opened at $177.34 on Friday. The company has a debt-to-equity ratio of 0.
97, a quick ratio of 0.70 and a current ratio of 0.70.
The company has a market cap of $45.76 billion, a PE ratio of 57.74, a P/E/G ratio of 2.
88 and a beta of 0.72. The business has a 50-day simple moving average of $181.
71 and a two-hundred day simple moving average of $173.72. Waste Connections, Inc.
has a fifty-two week low of $126.12 and a fifty-two week high of $187.54.
Waste Connections Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Wednesday, August 7th were issued a $0.285 dividend.
This represents a $1.14 annualized dividend and a yield of 0.64%.
The ex-dividend date was Wednesday, August 7th. Waste Connections’s dividend payout ratio is presently 37.01%.
Analysts Set New Price Targets Several analysts recently weighed in on the company. CIBC increased their price target on Waste Connections from $191.00 to $193.
00 and gave the company an “outperformer” rating in a report on Friday, July 26th. TD Cowen increased their target price on Waste Connections from $185.00 to $200.
00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Oppenheimer increased their target price on Waste Connections from $181.00 to $191.
00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Raymond James increased their target price on Waste Connections from $190.00 to $207.
00 and gave the stock a “strong-buy” rating in a research note on Monday, July 22nd. Finally, Truist Financial increased their target price on Waste Connections from $180.00 to $200.
00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Waste Connections currently has an average rating of “Moderate Buy” and an average target price of $187.
28. View Our Latest Stock Report on Waste Connections Insiders Place Their Bets In other news, CFO Mary Anne Whitney sold 16,300 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 48,899 shares in the company, valued at $8,706,466.
95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website . In other news, SVP Philip Rivard sold 2,300 shares of the firm’s stock in a transaction dated Monday, August 5th.
The stock was sold at an average price of $174.75, for a total value of $401,925.00.
Following the completion of the transaction, the senior vice president now directly owns 1,226 shares in the company, valued at $214,243.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website .
Also, CFO Mary Anne Whitney sold 16,300 shares of Waste Connections stock in a transaction that occurred on Wednesday, July 31st. The shares were 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.
The disclosure for this sale can be found here . Over the last 90 days, insiders sold 21,600 shares of company stock valued at $3,842,550. 0.
31% of the stock is currently owned by corporate insiders. 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.
Further Reading Want to see what other hedge funds are holding WCN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Connections, Inc. ( NYSE:WCN – Free Report ).
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