Carolinas Wealth Consulting LLC Has $49,000 Stock Position in Waste Connections, Inc. (NYSE:WCN)

Carolinas Wealth Consulting LLC raised its stake in Waste Connections, Inc. (NYSE:WCN) by 3,885.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 279 shares of the business services provider’s stock after purchasing an additional 272 shares during the period. Carolinas Wealth Consulting LLC’s holdings in Waste Connections were worth $49,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hexagon Capital Partners LLC lifted its position in shares of Waste Connections by 116.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 160 shares of the business services provider’s stock worth $28,000 after acquiring an additional 86 shares during the period. OFI Invest Asset Management bought a new position in Waste Connections during the first quarter worth about $32,000. Pathway Financial Advisers LLC bought a new stake in shares of Waste Connections in the 1st quarter valued at approximately $43,000. Signature Resources Capital Management LLC bought a new stake in shares of Waste Connections in the 2nd quarter valued at approximately $45,000. Finally, Sands Capital Management LLC raised its holdings in shares of Waste Connections by 76.6% in the 4th quarter. Sands Capital Management LLC now owns 378 shares of the business services provider’s stock worth $56,000 after buying an additional 164 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at $179.22 on Friday. The company has a market cap of $46.24 billion, a PE ratio of 58.19, a price-to-earnings-growth ratio of 2.96 and a beta of 0.72. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.97. Waste Connections, Inc. has a 52 week low of $126.12 and a 52 week high of $187.54. The business has a 50 day moving average price of $181.88 and a 200-day moving average price of $173.29.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.07. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.22 billion. Waste Connections had a return on equity of 15.16% and a net margin of 10.23%. Waste Connections’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.02 EPS. Equities analysts anticipate that Waste Connections, Inc. will post 4.84 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Wednesday, August 7th were issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Wednesday, August 7th. Waste Connections’s dividend payout ratio (DPR) is presently 37.01%.

Insiders Place Their Bets

In other news, SVP Robert Nielsen III sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $180.15, for a total value of $180,150.00. Following the transaction, the senior vice president now 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 through this link. In related news, SVP Philip Rivard sold 2,300 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $174.75, for a total transaction of $401,925.00. Following the completion of the sale, the senior vice president now owns 1,226 shares in the company, valued at $214,243.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert Nielsen III sold 1,000 shares of Waste Connections stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $180.15, for a total transaction of $180,150.00. Following the completion of the sale, the senior vice president now directly owns 4,321 shares in the company, valued at approximately $778,428.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,600 shares of company stock valued at $3,842,550. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WCN. Truist Financial lifted their price objective on Waste Connections from $180.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft started coverage on Waste Connections in a research note on Thursday, May 23rd. They issued a “buy” rating and a $189.00 price target on the stock. CIBC boosted their price objective on shares of Waste Connections from $191.00 to $193.00 and gave the company an “outperformer” rating in a report on Friday, July 26th. Oppenheimer increased their price target on Waste Connections from $181.00 to $191.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Waste Connections from $175.00 to $198.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $187.28.

Waste Connections Company 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.