Headlands Technologies LLC Invests $150,000 in Waste Connections, Inc. (NYSE:WCN)

Headlands Technologies LLC acquired a new position in shares of Waste Connections, Inc. (NYSE:WCN) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 874 shares of the business services provider’s stock, valued at approximately $150,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. increased its holdings in shares of Waste Connections by 62.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 2,455 shares of the business services provider’s stock worth $330,000 after buying an additional 942 shares during the last quarter. Nordea Investment Management AB raised its position in Waste Connections by 51.6% in the fourth quarter. Nordea Investment Management AB now owns 220,327 shares of the business services provider’s stock valued at $32,895,000 after purchasing an additional 74,995 shares during the period. Raymond James Trust N.A. grew its holdings in shares of Waste Connections by 12.2% during the 4th quarter. Raymond James Trust N.A. now owns 2,221 shares of the business services provider’s stock worth $332,000 after purchasing an additional 241 shares during the period. OneAscent Financial Services LLC increased its position in shares of Waste Connections by 171.8% during the 4th quarter. OneAscent Financial Services LLC now owns 4,811 shares of the business services provider’s stock worth $718,000 after purchasing an additional 3,041 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Waste Connections by 40.2% in the 4th quarter. SG Americas Securities LLC now owns 49,434 shares of the business services provider’s stock valued at $7,379,000 after buying an additional 14,183 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Insider Activity at Waste Connections

In other Waste Connections 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 completion of the transaction, the senior vice president now owns 5,321 shares in the company, valued at $899,249. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other 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 completion of 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 legal filing with the SEC, which is accessible through this link. Also, Director Michael W. Harlan sold 1,500 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $167.59, for a total value of $251,385.00. Following the transaction, the director now directly owns 8,004 shares in the company, valued at approximately $1,341,390.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,500 shares of company stock valued at $752,385. Insiders own 0.31% of the company’s stock.

Waste Connections Price Performance

Shares of NYSE WCN traded down $0.64 during midday trading on Wednesday, hitting $181.70. The company had a trading volume of 81,709 shares, compared to its average volume of 891,893. The firm has a market capitalization of $46.88 billion, a price-to-earnings ratio of 59.19, a price-to-earnings-growth ratio of 2.87 and a beta of 0.72. Waste Connections, Inc. has a twelve month low of $126.12 and a twelve month high of $182.42. The business has a 50-day simple moving average of $170.46 and a two-hundred day simple moving average of $165.13. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.00.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.02 by $0.02. The business 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%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 EPS. Equities research analysts anticipate that Waste Connections, Inc. will post 4.85 earnings per share for the current year.

Waste Connections Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. CIBC upped their price target on Waste Connections from $181.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Waste Connections in a research note on Thursday, May 23rd. They set a “buy” rating and a $189.00 price target on the stock. Truist Financial raised their price objective on shares of Waste Connections from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. StockNews.com upgraded shares of Waste Connections from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Finally, BMO Capital Markets upped their price objective on Waste Connections from $182.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waste Connections has a consensus rating of “Moderate Buy” and a consensus target price of $181.53.

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.