GAMMA Investing LLC Invests $61,000 in Waste Connections, Inc. (NYSE:WCN)

GAMMA Investing LLC acquired a new stake in Waste Connections, Inc. (NYSE:WCN) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 395 shares of the business services provider’s stock, valued at approximately $61,000.

Other large investors have also bought and sold shares of the company. Simplicity Solutions LLC boosted its holdings in shares of Waste Connections by 114.2% in the fourth quarter. Simplicity Solutions LLC now owns 9,205 shares of the business services provider’s stock valued at $1,374,000 after buying an additional 4,907 shares during the period. Nordea Investment Management AB boosted its stake in Waste Connections by 51.6% in the 4th quarter. Nordea Investment Management AB now owns 220,327 shares of the business services provider’s stock worth $32,895,000 after purchasing an additional 74,995 shares during the period. New York State Common Retirement Fund increased its holdings in Waste Connections by 5.0% during the 3rd quarter. New York State Common Retirement Fund now owns 214,346 shares of the business services provider’s stock worth $28,787,000 after purchasing an additional 10,179 shares in the last quarter. Alta Fox Capital Management LLC raised its stake in shares of Waste Connections by 42.1% in the 3rd quarter. Alta Fox Capital Management LLC now owns 51,600 shares of the business services provider’s stock valued at $6,930,000 after purchasing an additional 15,300 shares during the period. Finally, Alphinity Investment Management Pty Ltd raised its stake in shares of Waste Connections by 3.4% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,323,080 shares of the business services provider’s stock valued at $346,766,000 after purchasing an additional 75,992 shares during the period. 86.09% of the stock is owned by institutional investors.

Insider Activity at Waste Connections

In other Waste Connections news, Director Andrea E. Bertone sold 902 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $169.17, for a total value of $152,591.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by company insiders.

Waste Connections Stock Down 0.0 %

Shares of WCN opened at $162.08 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $41.82 billion, a P/E ratio of 52.62, a price-to-earnings-growth ratio of 2.66 and a beta of 0.66. Waste Connections, Inc. has a 52 week low of $126.12 and a 52 week high of $173.02. The firm’s 50-day simple moving average is $167.95 and its 200 day simple moving average is $152.72.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Waste Connections had a net margin of 9.70% and a return on equity of 14.66%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. On average, analysts forecast that Waste Connections, Inc. will post 4.84 earnings per share for the current year.

Waste Connections Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Wednesday, May 8th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Tuesday, May 7th. Waste Connections’s payout ratio is 37.01%.

Analyst Ratings Changes

WCN has been the subject of several recent research reports. Jefferies Financial Group upped their price objective on Waste Connections from $195.00 to $217.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Citigroup raised their price target on shares of Waste Connections from $136.00 to $163.00 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. Oppenheimer boosted their price objective on shares of Waste Connections from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Wells Fargo & Company raised their target price on shares of Waste Connections from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Finally, Stifel Nicolaus lifted their price target on shares of Waste Connections from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.33.

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.