9,772 Shares in Waste Connections, Inc. $WCN Bought by Callan Family Office LLC

Callan Family Office LLC acquired a new position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,772 shares of the business services provider's stock, valued at approximately $1,629,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new position in shares of Waste Connections during the 1st quarter worth about $577,000. Invesco Ltd. boosted its holdings in Waste Connections by 12.8% in the 2nd quarter. Invesco Ltd. now owns 219,290 shares of the business services provider's stock worth $40,946,000 after buying an additional 24,948 shares during the last quarter. First Trust Advisors LP increased its stake in Waste Connections by 2.9% during the 2nd quarter. First Trust Advisors LP now owns 24,463 shares of the business services provider's stock worth $4,572,000 after buying an additional 688 shares in the last quarter. Jump Financial LLC purchased a new stake in Waste Connections during the 2nd quarter worth approximately $2,714,000. Finally, State Street Corp raised its holdings in shares of Waste Connections by 1.0% during the second quarter. State Street Corp now owns 1,808,631 shares of the business services provider's stock valued at $337,708,000 after acquiring an additional 17,197 shares during the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WCN shares. UBS Group reaffirmed a "neutral" rating and issued a $176.00 price target (up from $170.00) on shares of Waste Connections in a research note on Tuesday, August 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Waste Connections in a research note on Friday, August 7th. TD Cowen restated a "buy" rating and issued a $210.00 price objective (up from $200.00) on shares of Waste Connections in a report on Friday, July 24th. Barclays upped their target price on shares of Waste Connections from $180.00 to $187.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Waste Connections from $210.00 to $195.00 and set an "overweight" rating for the company in a research report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $200.89.

Insider Activity

In other news, COO Jason Craft sold 1,500 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $156.59, for a total value of $234,885.00. Following the completion of the sale, the chief operating officer owned 32,861 shares of the company's stock, valued at $5,145,703.99. This represents a 4.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Philip Rivard sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $166.57, for a total transaction of $416,425.00. Following the sale, the senior vice president owned 734 shares of the company's stock, valued at $122,262.38. This represents a 77.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,311 shares of company stock valued at $2,303,997 in the last ninety days. 0.27% of the stock is currently owned by company insiders.

Waste Connections Stock Up 0.2%

Shares of NYSE:WCN opened at $169.81 on Monday. 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 business has a fifty day moving average of $166.53 and a two-hundred day moving average of $163.13. The stock has a market cap of $42.72 billion, a P/E ratio of 40.92, a PEG ratio of 2.91 and a beta of 0.48. Waste Connections, Inc. has a 52-week low of $146.89 and a 52-week high of $188.09.

Waste Connections (NYSE:WCN - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The business services provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.15. Waste Connections had a return on equity of 17.31% and a net margin of 10.86%.The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the company earned $1.29 EPS. The company's revenue for the quarter was up 6.4% on a year-over-year basis. On average, research analysts expect that Waste Connections, Inc. will post 5.62 earnings per share for the current year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, August 6th. Waste Connections's dividend payout ratio (DPR) is presently 33.73%.

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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