Chris Bulman Inc Purchases Shares of 2,840 Waste Connections, Inc. (NYSE:WCN)

Chris Bulman Inc bought a new stake in Waste Connections, Inc. (NYSE:WCN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,840 shares of the business services provider’s stock, valued at approximately $498,000.

Several other hedge funds and other institutional investors have also made changes to their positions in WCN. Hexagon Capital Partners LLC lifted its position in shares of Waste Connections by 116.2% during the first quarter. Hexagon Capital Partners LLC now owns 160 shares of the business services provider’s stock worth $28,000 after purchasing an additional 86 shares during the last quarter. OFI Invest Asset Management bought a new position in Waste Connections during the 1st quarter worth $32,000. Pathway Financial Advisers LLC acquired a new stake in Waste Connections in the first quarter worth $43,000. Signature Resources Capital Management LLC bought a new stake in Waste Connections in the second quarter valued at $45,000. Finally, Sands Capital Management LLC boosted its holdings in shares of Waste Connections by 76.6% during the fourth quarter. Sands Capital Management LLC now owns 378 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 164 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Wall Street Analysts Forecast Growth

WCN has been the subject of a number of analyst reports. Truist Financial boosted their target price on shares of Waste Connections from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. CIBC boosted their price objective on Waste Connections from $191.00 to $193.00 and gave the stock an “outperformer” rating in a research report on Friday, July 26th. TD Cowen raised their target price on Waste Connections from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com upgraded Waste Connections from a “hold” rating to a “buy” rating in a research report on Saturday, May 18th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Waste Connections in a research note on Thursday, May 23rd. They issued a “buy” rating and a $189.00 price target for the company. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waste Connections currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.28.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at $182.62 on Friday. The stock’s 50-day moving average is $180.79 and its 200-day moving average is $172.36. Waste Connections, Inc. has a one year low of $126.12 and a one year high of $187.54. The firm has a market cap of $47.12 billion, a price-to-earnings ratio of 59.29, a price-to-earnings-growth ratio of 2.98 and a beta of 0.72. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.70 and a quick ratio of 0.70.

Waste Connections (NYSE:WCN) last released its earnings results on Wednesday, July 24th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.07. Waste Connections had a return on equity of 15.16% and a net margin of 10.23%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the business earned $1.02 earnings per share. Waste Connections’s quarterly revenue was up 11.2% on a year-over-year basis. Equities analysts predict that Waste Connections, Inc. will post 4.84 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Wednesday, August 7th were issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Wednesday, August 7th. Waste Connections’s payout ratio is presently 37.01%.

Insider Activity at Waste Connections

In other news, SVP Susan Netherton sold 2,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $179.13, for a total transaction of $358,260.00. Following the transaction, the senior vice president now owns 10,078 shares in the company, valued at $1,805,272.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Susan Netherton sold 2,000 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $179.13, for a total transaction of $358,260.00. Following the completion of the sale, the senior vice president now directly owns 10,078 shares in the company, valued at approximately $1,805,272.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Philip Rivard sold 2,300 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $174.75, for a total value of $401,925.00. Following the sale, the senior vice president now directly owns 1,226 shares in the company, valued at $214,243.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,600 shares of company stock worth $3,842,550. Company insiders own 0.31% of the company’s stock.

Waste Connections 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.