Waste Connections, Inc. (WCN) Shares Bought by Henderson Group PLC
Henderson Group PLC raised its position in shares of Waste Connections, Inc. (NYSE:WCN) by 2.9% during the third quarter, Holdings Channel reports. The fund owned 10,132 shares of the company’s stock after buying an additional 283 shares during the period. Henderson Group PLC’s holdings in Waste Connections were worth $757,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in WCN. Vanguard Group Inc. increased its position in Waste Connections by 50.6% in the second quarter. Vanguard Group Inc. now owns 13,187,883 shares of the company’s stock worth $950,188,000 after buying an additional 4,433,316 shares during the period. FMR LLC increased its position in Waste Connections by 5,800.8% in the second quarter. FMR LLC now owns 3,564,980 shares of the company’s stock worth $257,561,000 after buying an additional 3,504,565 shares during the period. Sentry Investments Corp. bought a new position in Waste Connections during the second quarter worth $321,955,000. Bank of Montreal Can bought a new position in Waste Connections during the second quarter worth $207,379,000. Finally, 1832 Asset Management L.P. bought a new position in Waste Connections during the second quarter worth $183,805,000. Institutional investors own 83.73% of the company’s stock.
Waste Connections, Inc. (NYSE:WCN) traded up 0.65% during midday trading on Friday, hitting $80.47. 513,668 shares of the company traded hands. Waste Connections, Inc. has a 12-month low of $51.61 and a 12-month high of $81.98. The company has a market capitalization of $14.07 billion, a price-to-earnings ratio of 53.33 and a beta of 0.34. The stock’s 50-day moving average price is $78.41 and its 200 day moving average price is $75.94.
Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The business earned $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. Waste Connections had a net margin of 5.77% and a return on equity of 8.53%. The firm’s revenue was up 98.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 EPS. On average, equities analysts forecast that Waste Connections, Inc. will post $2.49 EPS for the current year.
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A number of equities analysts have recently weighed in on the stock. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $84.00 price target (up from $82.00) on shares of Waste Connections in a research note on Friday, January 6th. RBC Capital Markets reaffirmed a “buy” rating and issued a $90.00 price target on shares of Waste Connections in a research note on Wednesday, January 4th. Wedbush upped their price target on shares of Waste Connections to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 4th. Stifel Nicolaus upped their price target on shares of Waste Connections from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, December 19th. Finally, KeyCorp raised shares of Waste Connections from a “sector weight” rating to an “overweight” rating and set a $85.00 price target on the stock in a research note on Friday, December 9th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Waste Connections has an average rating of “Buy” and a consensus target price of $80.44.
In related news, insider James Little sold 2,000 shares of the stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $74.15, for a total value of $148,300.00. Following the completion of the transaction, the insider now owns 42,696 shares of the company’s stock, valued at approximately $3,165,908.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.68% of the stock is currently owned by corporate insiders.
Waste Connections Company Profile
Waste Connections Inc, formerly Progressive Waste Solutions Ltd, is a Canada-based waste management company. The Company provides waste collection, recycling and disposal services to commercial, industrial, municipal and residential customers in over 10 states in the United States, and the District of Columbia, and in over six Canadian provinces.
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