Deutsche Bank AG Purchases 277,164 Shares of Waste Connections, Inc. (NYSE:WCN)

Deutsche Bank AG boosted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 31.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,161,887 shares of the business services provider’s stock after acquiring an additional 277,164 shares during the period. Deutsche Bank AG owned approximately 0.45% of Waste Connections worth $138,764,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WCN. Parallel Advisors LLC boosted its holdings in Waste Connections by 30.0% during the second quarter. Parallel Advisors LLC now owns 710 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 164 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Waste Connections by 0.9% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 19,090 shares of the business services provider’s stock valued at $2,061,000 after purchasing an additional 167 shares in the last quarter. First Mercantile Trust Co. boosted its holdings in Waste Connections by 12.2% during the first quarter. First Mercantile Trust Co. now owns 1,550 shares of the business services provider’s stock valued at $167,000 after purchasing an additional 168 shares in the last quarter. Trustcore Financial Services LLC boosted its holdings in Waste Connections by 239.4% during the second quarter. Trustcore Financial Services LLC now owns 241 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 170 shares in the last quarter. Finally, HM Payson & Co. boosted its holdings in Waste Connections by 62.5% during the first quarter. HM Payson & Co. now owns 486 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

NYSE WCN opened at $130.96 on Thursday. The stock has a fifty day moving average of $127.24 and a 200-day moving average of $120.14. The stock has a market capitalization of $34.12 billion, a P/E ratio of 54.80, a price-to-earnings-growth ratio of 3.14 and a beta of 0.71. Waste Connections, Inc. has a 52 week low of $97.02 and a 52 week high of $133.48. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.38 and a current ratio of 1.38.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, August 4th. The business services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. Waste Connections had a return on equity of 11.17% and a net margin of 10.95%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. Equities research analysts forecast that Waste Connections, Inc. will post 3.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Wednesday, August 18th were paid a dividend of $0.205 per share. The ex-dividend date was Tuesday, August 17th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.63%. Waste Connections’s dividend payout ratio (DPR) is presently 31.06%.

A number of equities research analysts have weighed in on the company. Oppenheimer lifted their price objective on Waste Connections from $126.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, July 16th. BMO Capital Markets boosted their target price on Waste Connections from $130.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, July 7th. Royal Bank of Canada boosted their target price on Waste Connections from $130.00 to $134.00 and gave the stock an “outperform” rating in a report on Friday, August 6th. KeyCorp boosted their target price on Waste Connections from $115.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, July 21st. Finally, Morgan Stanley boosted their target price on Waste Connections from $131.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, July 13th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $130.33.

About Waste Connections

Waste Connections, Inc engages in the provision of solid waste services. Its services include waste collection, transfer, disposal, treatment and recycling. It also provides non-hazardous exploration and production, waste treatment, recovery and disposal services. The company was founded by Ronald J.

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Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

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