2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company reduced its position in shares of Waste Connections, Inc. ( NYSE:WCN – Free Report ) by 8.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 2,913,514 shares of the business services provider’s stock after selling 258,910 shares during the period. The Manufacturers Life Insurance Company’s holdings in Waste Connections were worth $510,526,000 at the end of the most recent reporting period. Several other large investors have also recently added to or reduced their stakes in the company.
Hexagon Capital Partners LLC raised its holdings in shares of Waste Connections by 116.2% during the first quarter. Hexagon Capital Partners LLC now owns 160 shares of the business services provider’s stock worth $28,000 after purchasing an additional 86 shares during the period.
OFI Invest Asset Management bought a new position in Waste Connections in the first quarter worth about $32,000. Pathway Financial Advisers LLC bought a new position in Waste Connections in the first quarter worth about $43,000. Signature Resources Capital Management LLC acquired a new position in Waste Connections in the second quarter valued at approximately $45,000.
Finally, Carolinas Wealth Consulting LLC grew its holdings in shares of Waste Connections by 3,885.7% during the second quarter. Carolinas Wealth Consulting LLC now owns 279 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 272 shares during the last quarter.
86.09% of the stock is currently owned by institutional investors. Insiders Place Their Bets In other news, SVP Robert Nielsen III sold 1,000 shares of the stock in a transaction on Wednesday, August 7th.
The stock was sold at an average price of $180.15, for a total transaction of $180,150.00.
Following the completion of the sale, the senior vice president now owns 4,321 shares in the company, valued at approximately $778,428.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink .
In other Waste Connections news, SVP Robert Nielsen III sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $180.15, for a total transaction of $180,150.
00. Following the sale, the senior vice president now owns 4,321 shares in the company, valued at approximately $778,428.15.
The transaction was disclosed in a filing with the SEC, which is available through this link . Also, CFO Mary Anne Whitney sold 16,300 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $178.
05, for a total transaction of $2,902,215.00. Following the sale, the chief financial officer now directly 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 have sold 21,600 shares of company stock worth $3,842,550.
0.31% of the stock is owned by insiders. Waste Connections Stock Down 1.
1 % Waste Connections ( NYSE:WCN – Get Free Report ) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.24 EPS for the quarter, topping the consensus estimate of $1.
17 by $0.07. Waste Connections had a net margin of 10.
23% and a return on equity of 15.16%. The firm had revenue of $2.
25 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the business earned $1.
02 earnings per share. Waste Connections’s revenue for the quarter was up 11.2% compared to the same quarter last year.
On average, equities analysts predict that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.
Waste Connections Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Wednesday, August 7th were issued a dividend of $0.285 per share.
This represents a $1.14 dividend on an annualized basis and a yield of 0.64%.
The ex-dividend date of this dividend was Wednesday, August 7th. Waste Connections’s payout ratio is 37.01%.
Analyst Ratings Changes Several analysts recently issued reports on the company. Raymond James raised their price target on Waste Connections from $190.00 to $207.
00 and gave the stock a “strong-buy” rating in a report on Monday, July 22nd. Truist Financial boosted their price target on shares of Waste Connections from $180.00 to $200.
00 and gave the company a “buy” rating in a report on Thursday, July 11th. BMO Capital Markets increased their price objective on shares of Waste Connections from $196.00 to $198.
00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Royal Bank of Canada lifted their price objective on shares of Waste Connections from $195.00 to $199.
00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Oppenheimer upped their target price on shares of Waste Connections from $181.00 to $191.
00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.
com, the stock has an average rating of “Moderate Buy” and an average target price of $187.28. Read Our Latest Research Report on WCN Waste Connections Profile ( 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. Recommended Stories 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 ). Receive News & Ratings for Waste Connections Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Connections and related companies with MarketBeat.com's FREE daily email newsletter .
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