Lombard Odier Asset Management Switzerland SA Has $4.15 Million Holdings in Waste Connections, Inc. $WCN

Lombard Odier Asset Management Switzerland SA boosted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 30.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,525 shares of the business services provider’s stock after purchasing an additional 6,000 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Waste Connections were worth $4,146,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in WCN. Ritholtz Wealth Management lifted its holdings in shares of Waste Connections by 2.1% in the fourth quarter. Ritholtz Wealth Management now owns 3,042 shares of the business services provider’s stock valued at $533,000 after purchasing an additional 64 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of Waste Connections by 2.6% during the third quarter. Kestra Private Wealth Services LLC now owns 2,556 shares of the business services provider’s stock worth $449,000 after buying an additional 64 shares during the period. WPG Advisers LLC boosted its position in shares of Waste Connections by 7.7% during the fourth quarter. WPG Advisers LLC now owns 919 shares of the business services provider’s stock worth $161,000 after buying an additional 66 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in shares of Waste Connections by 12.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 607 shares of the business services provider’s stock worth $106,000 after buying an additional 67 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Waste Connections by 2.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,991 shares of the business services provider’s stock worth $525,000 after buying an additional 71 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

WCN has been the topic of several research reports. Citigroup boosted their target price on Waste Connections from $180.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Barclays set a $180.00 price target on shares of Waste Connections and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. TD Cowen reiterated a “buy” rating and issued a $210.00 price objective (up from $200.00) on shares of Waste Connections in a report on Friday. BMO Capital Markets reissued an “outperform” rating and issued a $208.00 price objective (up from $206.00) on shares of Waste Connections in a research report on Friday, April 24th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $199.00 target price on shares of Waste Connections in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Waste Connections presently has an average rating of “Moderate Buy” and a consensus target price of $202.05.

Waste Connections Stock Performance

Shares of NYSE WCN opened at $169.52 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a 50 day moving average price of $161.36 and a 200 day moving average price of $163.21. The stock has a market capitalization of $42.78 billion, a PE ratio of 40.85, a price-to-earnings-growth ratio of 2.91 and a beta of 0.49. Waste Connections, Inc. has a 52 week low of $146.89 and a 52 week high of $191.91.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.15. Waste Connections had a return on equity of 17.31% and a net margin of 10.86%.The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the firm earned $1.29 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts predict that Waste Connections, Inc. will post 5.6 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. Waste Connections’s dividend payout ratio (DPR) is currently 33.73%.

Insider Activity

In other news, CEO Ronald J. Mittelstaedt purchased 50,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $152.24 per share, with a total value of $7,612,000.00. Following the completion of the transaction, the chief executive officer owned 301,017 shares of the company’s stock, valued at $45,826,828.08. The trade was a 19.92% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Eric Hansen sold 6,000 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $164.82, for a total transaction of $988,920.00. Following the completion of the sale, the senior vice president owned 13,350 shares of the company’s stock, valued at approximately $2,200,347. This represents a 31.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,000 shares of company stock valued at $2,395,755 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

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.