Waste Connections, Inc. $WCN Shares Sold by Telemark Asset Management LLC

Telemark Asset Management LLC reduced its holdings in Waste Connections, Inc. (NYSE:WCN) by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,000 shares of the business services provider’s stock after selling 30,000 shares during the period. Waste Connections comprises 2.1% of Telemark Asset Management LLC’s holdings, making the stock its 11th largest position. Telemark Asset Management LLC’s holdings in Waste Connections were worth $21,043,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. City Holding Co. acquired a new stake in Waste Connections in the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Waste Connections in the third quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Waste Connections in the third quarter valued at approximately $30,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Waste Connections in the fourth quarter valued at approximately $36,000. Finally, Entrust Financial LLC acquired a new stake in Waste Connections in the fourth quarter valued at approximately $37,000. 86.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Ronald J. Mittelstaedt acquired 50,000 shares of Waste Connections stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average price of $152.24 per share, for a total transaction of $7,612,000.00. Following the completion of the transaction, the chief executive officer owned 301,017 shares in the company, valued at $45,826,828.08. This represents a 19.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Eric Hansen sold 6,000 shares of Waste Connections stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $164.82, for a total value of $988,920.00. Following the transaction, the senior vice president owned 13,350 shares in the company, valued at approximately $2,200,347. The trade was a 31.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.27% of the stock is currently owned by company insiders.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at $155.29 on Friday. Waste Connections, Inc. has a one year low of $146.89 and a one year high of $193.08. The company has a market cap of $39.40 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.76 and a beta of 0.51. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.69 and a current ratio of 0.69. The business’s 50 day moving average price is $158.05 and its 200 day moving average price is $165.73.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. Waste Connections had a return on equity of 16.49% and a net margin of 10.97%.The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $1.13 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. On average, research analysts predict that Waste Connections, Inc. will post 5.5 EPS for the current year.

Waste Connections Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Wednesday, May 6th were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, May 6th. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. Waste Connections’s dividend payout ratio (DPR) is presently 34.15%.

Wall Street Analysts Forecast Growth

WCN has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Waste Connections from $195.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Barclays set a $180.00 price objective on Waste Connections and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft set a $212.00 target price on Waste Connections in a research report on Friday, February 13th. BMO Capital Markets restated an “outperform” rating and issued a $208.00 target price (up from $206.00) on shares of Waste Connections in a research report on Friday, April 24th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $211.00 target price on shares of Waste Connections in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Waste Connections has a consensus rating of “Buy” and a consensus target price of $203.35.

Waste Connections 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.