1,410,253 Shares in Waste Connections, Inc. $WCN Bought by Deutsche Bank AG

Deutsche Bank AG acquired a new position in Waste Connections, Inc. (NYSE:WCN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,410,253 shares of the business services provider's stock, valued at approximately $235,075,000. Deutsche Bank AG owned about 0.56% of Waste Connections at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC raised its stake in shares of Waste Connections by 2.6% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,556 shares of the business services provider's stock worth $449,000 after purchasing an additional 64 shares during the period. EverSource Wealth Advisors LLC grew its position in Waste Connections by 1.5% during the first quarter. EverSource Wealth Advisors LLC now owns 4,312 shares of the business services provider's stock valued at $701,000 after buying an additional 65 shares during the period. WPG Advisers LLC grew its position in Waste Connections by 7.7% during the fourth quarter. WPG Advisers LLC now owns 919 shares of the business services provider's stock valued at $161,000 after buying an additional 66 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in 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 during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in Waste Connections by 21.1% during the fourth quarter. TD Private Client Wealth LLC now owns 407 shares of the business services provider's stock worth $71,000 after buying an additional 71 shares during the last quarter. Institutional investors own 86.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of Waste Connections from $180.00 to $187.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 28th. Canadian Imperial Bank of Commerce restated an "outperform" rating and set a $199.00 price target on shares of Waste Connections in a research note on Friday, July 24th. TD Cowen reaffirmed a "buy" rating and issued a $210.00 price target (up from $200.00) on shares of Waste Connections in a report on Friday, July 24th. JPMorgan Chase & Co. dropped their price objective on Waste Connections from $210.00 to $195.00 and set an "overweight" rating on the stock in a research note on Monday, July 13th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $218.00 price objective (up from $210.00) on shares of Waste Connections in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Waste Connections has an average rating of "Moderate Buy" and a consensus price target of $200.89.

Waste Connections Price Performance

NYSE WCN opened at $165.66 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.17. The company has a market cap of $41.68 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 2.86 and a beta of 0.48. Waste Connections, Inc. has a 52 week low of $146.89 and a 52 week high of $188.75. The firm's 50-day simple moving average is $165.80 and its two-hundred day simple moving average is $163.10.

Waste Connections (NYSE:WCN - Get Free Report) last posted its 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 net margin of 10.86% and a return on equity of 17.31%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the company earned $1.29 earnings per share. The company's revenue was up 6.4% on a year-over-year basis. Research analysts predict that Waste Connections, Inc. will post 5.62 earnings per share for the current year.

Waste Connections Announces Dividend

The firm also recently disclosed 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. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, August 6th. Waste Connections's payout ratio is currently 33.73%.

Insider Activity at Waste Connections

In other Waste Connections news, SVP Robert Michael Cloninger sold 2,811 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $171.02, for a total transaction of $480,737.22. Following the sale, the senior vice president owned 11,666 shares in the company, valued at $1,995,119.32. This represents a 19.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Patrick James Shea sold 7,500 shares of the firm's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $156.26, for a total value of $1,171,950.00. Following the completion of the transaction, the vice president directly owned 19,737 shares of the company's stock, valued at $3,084,103.62. The trade was a 27.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 11,811 shares of company stock worth $1,887,572. Corporate insiders own 0.27% of the company's stock.

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.

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