OAKMONT Corp Acquires 3,774 Shares of Waste Connections, Inc. $WCN

OAKMONT Corp boosted its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,458 shares of the business services provider’s stock after acquiring an additional 3,774 shares during the period. Waste Connections accounts for approximately 5.0% of OAKMONT Corp’s investment portfolio, making the stock its 10th biggest position. OAKMONT Corp’s holdings in Waste Connections were worth $29,190,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP lifted its position in Waste Connections by 39.6% during the third quarter. Wellington Management Group LLP now owns 4,455,162 shares of the business services provider’s stock worth $783,218,000 after buying an additional 1,264,150 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Waste Connections by 17.6% in the 3rd quarter. Mackenzie Financial Corp now owns 6,136,218 shares of the business services provider’s stock valued at $1,078,536,000 after buying an additional 918,245 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Waste Connections by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 31,585,284 shares of the business services provider’s stock worth $5,552,682,000 after acquiring an additional 717,440 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Waste Connections by 55.7% in the 3rd quarter. CIBC Asset Management Inc now owns 1,991,112 shares of the business services provider’s stock worth $350,603,000 after acquiring an additional 711,990 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Waste Connections by 31.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,263,918 shares of the business services provider’s stock worth $222,197,000 after acquiring an additional 301,389 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Trading Down 0.1%

WCN opened at $165.96 on Friday. Waste Connections, Inc. has a 52 week low of $154.90 and a 52 week high of $201.66. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.07. The business has a fifty day simple moving average of $165.97 and a 200-day simple moving average of $170.05. The firm has a market cap of $42.36 billion, a P/E ratio of 39.80, a P/E/G ratio of 2.85 and a beta of 0.61.

Waste Connections (NYSE:WCN) last posted its quarterly earnings data on Wednesday, February 11th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.01. Waste Connections had a return on equity of 16.25% and a net margin of 11.37%.The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the previous year, the business earned $1.16 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, February 25th. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. Waste Connections’s dividend payout ratio is 33.57%.

Analyst Ratings Changes

Several brokerages have recently weighed in on WCN. Sanford C. Bernstein reissued an “outperform” rating and set a $205.00 price target (up from $200.00) on shares of Waste Connections in a research report on Monday, January 5th. Morgan Stanley set a $205.00 target price on shares of Waste Connections and gave the stock an “overweight” rating in a research note on Friday, February 13th. Stifel Nicolaus set a $213.00 target price on shares of Waste Connections and gave the company a “buy” rating in a report on Friday, February 13th. UBS Group set a $205.00 price target on shares of Waste Connections in a research note on Monday, January 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of Waste Connections from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $203.52.

Waste Connections Company 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.