Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Waste Connections Inc (NYSE:WCN) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,103 shares of the business services provider’s stock, valued at approximately $217,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Achmea Investment Management B.V. boosted its position in Waste Connections by 50.0% in the second quarter. Achmea Investment Management B.V. now owns 10,653 shares of the business services provider’s stock valued at $686,000 after buying an additional 3,551 shares in the last quarter. Swiss National Bank boosted its position in Waste Connections by 54.7% in the second quarter. Swiss National Bank now owns 961,659 shares of the business services provider’s stock valued at $61,950,000 after buying an additional 340,053 shares in the last quarter. Twin Tree Management LP acquired a new stake in Waste Connections in the second quarter valued at approximately $1,195,000. Dorsey Wright & Associates boosted its position in Waste Connections by 52.5% in the second quarter. Dorsey Wright & Associates now owns 68,993 shares of the business services provider’s stock valued at $4,445,000 after buying an additional 23,754 shares in the last quarter. Finally, Symphony Asset Management LLC boosted its position in Waste Connections by 133.5% in the second quarter. Symphony Asset Management LLC now owns 43,570 shares of the business services provider’s stock valued at $2,807,000 after buying an additional 24,907 shares in the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.
In related news, Director Robert Davis sold 700 shares of Waste Connections stock in a transaction on Monday, October 30th. The shares were sold at an average price of $71.72, for a total transaction of $50,204.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Darrell W. Chambliss sold 5,625 shares of Waste Connections stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $70.99, for a total transaction of $399,318.75. Following the transaction, the chief operating officer now directly owns 101,292 shares of the company’s stock, valued at approximately $7,190,719.08. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.
Waste Connections Inc (NYSE:WCN) traded up $0.22 during mid-day trading on Tuesday, hitting $69.13. 867,900 shares of the stock traded hands, compared to its average volume of 794,675. The company has a market capitalization of $18,167.50, a P/E ratio of 32.87, a P/E/G ratio of 4.11 and a beta of 0.17. Waste Connections Inc has a 12-month low of $50.58 and a 12-month high of $74.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.46 and a quick ratio of 1.46.
Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Waste Connections had a net margin of 7.68% and a return on equity of 9.59%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 earnings per share. sell-side analysts expect that Waste Connections Inc will post 2.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.56 annualized dividend and a dividend yield of 0.81%. This is an increase from Waste Connections’s previous quarterly dividend of $0.12. Waste Connections’s dividend payout ratio (DPR) is presently 42.42%.
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Waste Connections Company Profile
Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.
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