Toronto Dominion Bank reduced its holdings in shares of Waste Connections Inc (NYSE:WCN) by 29.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 784,260 shares of the business services provider’s stock after selling 322,748 shares during the period. Toronto Dominion Bank’s holdings in Waste Connections were worth $75,134,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its position in Waste Connections by 50.3% during the 1st quarter. FMR LLC now owns 3,455,088 shares of the business services provider’s stock worth $306,071,000 after purchasing an additional 1,155,609 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Waste Connections by 1,018.0% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 703,287 shares of the business services provider’s stock worth $81,784,000 after buying an additional 640,380 shares in the last quarter. TD Asset Management Inc. lifted its holdings in Waste Connections by 5.9% in the 1st quarter. TD Asset Management Inc. now owns 5,273,487 shares of the business services provider’s stock worth $467,243,000 after buying an additional 291,924 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Waste Connections by 8.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,784,560 shares of the business services provider’s stock worth $266,576,000 after purchasing an additional 205,819 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Waste Connections by 6.5% in the 1st quarter. BlackRock Inc. now owns 3,148,263 shares of the business services provider’s stock valued at $278,905,000 after purchasing an additional 193,061 shares in the last quarter. 82.92% of the stock is owned by institutional investors.

In other Waste Connections news, COO Darrell W. Chambliss sold 14,100 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $89.55, for a total transaction of $1,262,655.00. Following the sale, the chief operating officer now owns 104,100 shares in the company, valued at approximately $9,322,155. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael W. Harlan sold 2,038 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $91.43, for a total transaction of $186,334.34. Following the sale, the director now directly owns 17,425 shares of the company’s stock, valued at $1,593,167.75. The disclosure for this sale can be found here. In the last three months, insiders sold 78,638 shares of company stock valued at $7,128,039. Company insiders own 0.30% of the company’s stock.

Several research firms recently issued reports on WCN. BMO Capital Markets set a $105.00 price target on shares of Waste Connections and gave the company a “buy” rating in a report on Wednesday, July 31st. Macquarie initiated coverage on shares of Waste Connections in a report on Tuesday, September 3rd. They set a “buy” rating and a $100.00 price objective for the company. Raymond James boosted their target price on shares of Waste Connections from $105.00 to $106.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, July 31st. ValuEngine lowered shares of Waste Connections from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Waste Connections in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $96.66.

Shares of WCN traded down $0.60 during mid-day trading on Wednesday, reaching $88.69. 67,323 shares of the company’s stock traded hands, compared to its average volume of 530,579. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The business’s 50-day moving average price is $91.74 and its 200-day moving average price is $91.22. The stock has a market capitalization of $23.68 billion, a P/E ratio of 35.22, a price-to-earnings-growth ratio of 2.91 and a beta of 0.19. Waste Connections Inc has a 12 month low of $70.28 and a 12 month high of $97.93.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Monday, July 29th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.69. Waste Connections had a return on equity of 10.57% and a net margin of 10.82%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that Waste Connections Inc will post 2.67 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 12th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.64 dividend on an annualized basis and a yield of 0.72%. Waste Connections’s dividend payout ratio (DPR) is presently 25.40%.

Waste Connections Company Profile

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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