Vanguard Group Inc. boosted its stake in shares of Progressive Waste Solutions Ltd. (NYSE:WCN) by 50.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,187,883 shares of the company’s stock after buying an additional 4,433,316 shares during the period. Vanguard Group Inc. owned 7.53% of Progressive Waste Solutions worth $950,188,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in shares of Progressive Waste Solutions by 4.0% in the first quarter. Geode Capital Management LLC now owns 760,585 shares of the company’s stock valued at $49,098,000 after buying an additional 29,050 shares during the period. UBS Group AG increased its stake in Progressive Waste Solutions by 155.8% in the first quarter. UBS Group AG now owns 22,134 shares of the company’s stock valued at $1,429,000 after buying an additional 13,481 shares during the last quarter. State Street Corp increased its stake in Progressive Waste Solutions by 21.5% in the first quarter. State Street Corp now owns 3,704,328 shares of the company’s stock valued at $239,269,000 after buying an additional 654,877 shares during the last quarter. Credit Agricole S A increased its stake in Progressive Waste Solutions by 2,886.5% in the first quarter. Credit Agricole S A now owns 65,703 shares of the company’s stock valued at $4,244,000 after buying an additional 63,503 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in Progressive Waste Solutions by 12,705.1% in the first quarter. Bessemer Group Inc. now owns 156,991 shares of the company’s stock valued at $10,140,000 after buying an additional 155,765 shares during the last quarter. Institutional investors own 81.86% of the company’s stock.

Progressive Waste Solutions Ltd. (NYSE:WCN) traded down 1.055% during trading on Friday, reaching $74.535. 41,253 shares of the company were exchanged. The stock has a 50 day moving average price of $77.20 and a 200 day moving average price of $70.89. Progressive Waste Solutions Ltd. has a 12 month low of $47.49 and a 12 month high of $79.72. The firm’s market capitalization is $13.02 billion.

Progressive Waste Solutions (NYSE:WCN) last posted its earnings results on Wednesday, August 3rd. The company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.12. Progressive Waste Solutions had a net margin of 4.33% and a return on equity of 8.84%. The firm earned $727.60 million during the quarter, compared to the consensus estimate of $713.58 million. During the same period last year, the firm posted $0.50 EPS. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis. On average, analysts expect that Progressive Waste Solutions Ltd. will post $2.44 EPS for the current fiscal year.

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada lifted their price objective on shares of Progressive Waste Solutions from $82.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. CIBC assumed coverage on shares of Progressive Waste Solutions in a research note on Wednesday, June 1st. They set a “sector outperform” rating for the company. Gabelli upgraded shares of Progressive Waste Solutions from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Imperial Capital lifted their price objective on shares of Progressive Waste Solutions from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. Finally, Wedbush reiterated a “buy” rating on shares of Progressive Waste Solutions in a research note on Saturday, June 4th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $73.24.

In other Progressive Waste Solutions news, Director William J. Razzouk sold 4,400 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $78.69, for a total transaction of $346,236.00. Following the completion of the transaction, the director now directly owns 12,344 shares in the company, valued at approximately $971,349.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Darrell W. Chambliss sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $77.42, for a total transaction of $154,840.00. Following the transaction, the chief operating officer now owns 147,068 shares of the company’s stock, valued at $11,386,004.56. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

About Progressive Waste Solutions

Waste Connections, Inc is an integrated municipal solid waste (MSW) services company. The Company provides solid waste collection, transfer, disposal and recycling services in the United States. The Company is a provider of non-hazardous exploration and production (E&P), waste treatment, recovery and disposal services in various areas of the United States.

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