Mirabaud Asset Management Ltd Acquires 12,680 Shares of Waste Connections, Inc. $WCN

Mirabaud Asset Management Ltd lifted its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 28.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 56,620 shares of the business services provider’s stock after buying an additional 12,680 shares during the period. Waste Connections makes up about 5.0% of Mirabaud Asset Management Ltd’s portfolio, making the stock its 8th biggest holding. Mirabaud Asset Management Ltd’s holdings in Waste Connections were worth $10,754,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. City Holding Co. acquired a new position in shares of Waste Connections during the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Waste Connections during the 3rd quarter valued at $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Waste Connections during the 3rd quarter valued at $30,000. Greykasell Wealth Strategies Inc. lifted its holdings in shares of Waste Connections by 555.2% during the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 161 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Waste Connections in the 4th quarter worth $52,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays set a $180.00 price objective on shares of Waste Connections and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $218.00 price objective (up from $210.00) on shares of Waste Connections in a report on Friday, April 24th. Oppenheimer reiterated an “outperform” rating and issued a $205.00 price objective (down from $206.00) on shares of Waste Connections in a report on Friday, January 23rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $211.00 price objective on shares of Waste Connections in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Waste Connections from $195.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $203.35.

Waste Connections Stock Performance

Shares of WCN stock opened at $151.85 on Monday. Waste Connections, Inc. has a 12 month low of $151.61 and a 12 month high of $198.00. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $38.76 billion, a P/E ratio of 37.04, a P/E/G ratio of 2.70 and a beta of 0.55. The company’s fifty day moving average price is $163.67 and its two-hundred day moving average price is $168.18.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, April 22nd. The business services provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.04. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.50 billion. Waste Connections had a net margin of 10.97% and a return on equity of 16.49%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.13 EPS. On average, research analysts anticipate that Waste Connections, Inc. will post 5.5 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Wednesday, May 6th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, May 6th. Waste Connections’s dividend payout ratio is 34.15%.

Insider Transactions at Waste Connections

In other news, VP James Little sold 2,605 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $163.98, for a total value of $427,167.90. Following the sale, the vice president owned 34,395 shares in the company, valued at approximately $5,640,092.10. This represents a 7.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Eric Hansen sold 6,000 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $164.82, for a total transaction of $988,920.00. Following the completion of the sale, the senior vice president owned 13,350 shares in the company, valued at approximately $2,200,347. This trade represents a 31.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.27% of the company’s stock.

Waste Connections Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.