DekaBank Deutsche Girozentrale Has $92.98 Million Stock Position in Waste Connections, Inc. (NYSE:WCN)

DekaBank Deutsche Girozentrale boosted its position in Waste Connections, Inc. (NYSE:WCN) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 539,144 shares of the business services provider’s stock after buying an additional 4,634 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.21% of Waste Connections worth $92,977,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. First Affirmative Financial Network boosted its position in shares of Waste Connections by 3.9% during the 1st quarter. First Affirmative Financial Network now owns 1,842 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 69 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Waste Connections by 8.8% during the second quarter. First Horizon Advisors Inc. now owns 916 shares of the business services provider’s stock worth $161,000 after buying an additional 74 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Waste Connections by 2.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,182 shares of the business services provider’s stock valued at $475,000 after purchasing an additional 83 shares during the period. Hexagon Capital Partners LLC grew its holdings in Waste Connections by 116.2% during the first quarter. Hexagon Capital Partners LLC now owns 160 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 86 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Waste Connections by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,568 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 90 shares during the period. 86.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Susan Netherton sold 2,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $179.13, for a total value of $358,260.00. Following the transaction, the senior vice president now directly owns 10,078 shares of the company’s stock, valued at approximately $1,805,272.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related 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 value of $180,150.00. Following the sale, the senior vice president now directly owns 4,321 shares in the company, valued at approximately $778,428.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Susan Netherton sold 2,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $179.13, for a total value of $358,260.00. Following the sale, the senior vice president now owns 10,078 shares in the company, valued at $1,805,272.14. The disclosure for this sale can be found here. Insiders have sold 21,600 shares of company stock valued at $3,842,550 in the last three months. 0.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on WCN. StockNews.com upgraded shares of Waste Connections from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. JPMorgan Chase & Co. raised their price target on shares of Waste Connections from $175.00 to $198.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Royal Bank of Canada raised their price target on shares of Waste Connections from $195.00 to $199.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Raymond James raised their price objective on shares of Waste Connections from $190.00 to $207.00 and gave the company a “strong-buy” rating in a report on Monday, July 22nd. Finally, BMO Capital Markets raised their price objective on shares of Waste Connections from $196.00 to $198.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $187.28.

Waste Connections Stock Performance

NYSE WCN opened at $185.68 on Friday. The company has a fifty day simple moving average of $181.70 and a 200 day simple moving average of $172.90. Waste Connections, Inc. has a 12-month low of $126.12 and a 12-month 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 company has a market cap of $47.91 billion, a P/E ratio of 60.29, a PEG ratio of 2.96 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 analysts’ consensus estimates of $1.17 by $0.07. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.22 billion. Waste Connections had a net margin of 10.23% and a return on equity of 15.16%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.02 EPS. Sell-side 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 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Wednesday, August 7th. Waste Connections’s dividend payout ratio is 37.01%.

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.