Chilton Capital Management LLC Decreases Position in Waste Connections, Inc. (NYSE:WCN)

Chilton Capital Management LLC lowered its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 7.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,393 shares of the business services provider’s stock after selling 200 shares during the quarter. Chilton Capital Management LLC’s holdings in Waste Connections were worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Hexagon Capital Partners LLC boosted its stake in Waste Connections by 116.2% in the first quarter. Hexagon Capital Partners LLC now owns 160 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 86 shares in the last quarter. Pacifica Partners Inc. purchased a new position in Waste Connections during the 4th quarter worth $25,000. OFI Invest Asset Management purchased a new position in shares of Waste Connections during the first quarter worth about $32,000. Headinvest LLC acquired a new position in Waste Connections in the 3rd quarter valued at about $36,000. Finally, Rational Advisors LLC purchased a new position in Waste Connections in the 1st quarter valued at $53,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. 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. CIBC raised their price target on Waste Connections from $181.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, July 3rd. BMO Capital Markets raised their target price on shares of Waste Connections from $182.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Oppenheimer increased their price target on shares of Waste Connections from $181.00 to $191.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Jefferies Financial Group lifted their price objective on Waste Connections from $195.00 to $217.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $181.53.

Waste Connections Trading Down 0.3 %

NYSE WCN traded down $0.54 during mid-day trading on Monday, hitting $179.99. The company’s stock had a trading volume of 814,506 shares, compared to its average volume of 897,869. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.75 and a quick ratio of 0.75. Waste Connections, Inc. has a 52-week low of $126.12 and a 52-week high of $181.79. The stock’s fifty day simple moving average is $169.85 and its two-hundred day simple moving average is $164.67. The firm has a market capitalization of $46.44 billion, a P/E ratio of 58.76, a price-to-earnings-growth ratio of 2.88 and a beta of 0.72.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.05 billion. Waste Connections had a return on equity of 14.66% and a net margin of 9.70%. Waste Connections’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 EPS. Research analysts expect that Waste Connections, Inc. will post 4.85 EPS for the current year.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Wednesday, May 8th were paid a $0.285 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $1.14 dividend on an annualized basis and a yield of 0.63%. Waste Connections’s payout ratio is currently 37.01%.

Insider Activity

In related news, SVP Robert Nielsen III sold 1,000 shares of Waste Connections stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $169.00, for a total value of $169,000.00. Following the sale, the senior vice president now directly owns 5,321 shares in the company, valued at approximately $899,249. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Robert Nielsen III sold 1,000 shares of Waste Connections stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $169.00, for a total transaction of $169,000.00. Following the sale, the senior vice president now directly owns 5,321 shares in the company, valued at $899,249. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael W. Harlan sold 1,500 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $167.59, for a total transaction of $251,385.00. Following the completion of the transaction, the director now owns 8,004 shares of the company’s stock, valued at approximately $1,341,390.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,500 shares of company stock valued at $752,385. 0.31% of the stock is currently owned by insiders.

About Waste Connections

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.