Waste Connections (WCN) : Findlay Park Partners Llp scooped up 862,502 additional shares in Waste Connections during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 4,079,578 shares of Waste Connections which is valued at $319,838,915.Waste Connections makes up approximately 3.52% of Findlay Park Partners Llp’s portfolio.
Other Hedge Funds, Including , Mizuho Asset Managementltd. added WCN to its portfolio by purchasing 1,662 company shares during the most recent quarter which is valued at $130,301. Waste Connections makes up approx 0.02% of Mizuho Asset Managementltd.’s portfolio. Denver Investment Advisors sold out all of its stake in WCN during the most recent quarter. The investment firm sold 37,480 shares of WCN which is valued $2,962,419.Cibc Asset Management Inc reduced its stake in WCN by selling 179,188 shares or 63.35% in the most recent quarter. The Hedge Fund company now holds 103,654 shares of WCN which is valued at $7,555,340. Waste Connections makes up approx 0.06% of Cibc Asset Management Inc’s portfolio.Agf Investments America reduced its stake in WCN by selling 12,312 shares or 12.65% in the most recent quarter. The Hedge Fund company now holds 84,993 shares of WCN which is valued at $6,195,140. Waste Connections makes up approx 2.69% of Agf Investments America’s portfolio. Robeco Institutional Asset Management B.v. sold out all of its stake in WCN during the most recent quarter. The investment firm sold 31,836 shares of WCN which is valued $2,356,819.
Waste Connections opened for trading at $77.89 and hit $79.05 on the upside on Friday, eventually ending the session at $78.6, with a gain of 0.51% or 0.4 points. The heightened volatility saw the trading volume jump to 5,78,414 shares. Company has a market cap of $13,758 M.
On the company’s financial health, Waste Connections reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.55. The company had revenue of $727.60 million for the quarter, compared to analysts expectations of $712.00 million. The company’s revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Many Wall Street Analysts have commented on Waste Connections. Company shares were Reiterated by Barclays on Aug 9, 2016 to “Overweight”, Firm has raised the Price Target to $ 86 from a previous price target of $74 .Company shares were Reiterated by Imperial Capital on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 85 from a previous price target of $80 .Company shares were Reiterated by Wedbush on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $77 .
Waste Connections Inc. is an integrated municipal solid waste (MSW) services company that provides solid waste collection transfer disposal and recycling services. It provides non-hazardous exploration and production (E&P) waste treatment recovery and disposal services. The Company operates in four segments: Western Central Eastern and E&P. The Company’s Western segment consists of locations in Alaska California Idaho Montana Nevada Oregon Washington and western Wyoming. The Company’s Central segment consists of locations in Arizona Colorado Kansas Louisiana Minnesota Nebraska New Mexico Oklahoma South Dakota Texas Utah and eastern Wyoming. The Company’s Eastern segment consists of locations in Alabama Illinois Iowa Kentucky Massachusetts Michigan Mississippi New York North Carolina South Carolina and Tennessee. The Company’s E&P segment consists of its E&P operations in Louisiana New Mexico North Dakota Oklahoma Texas Wyoming and Gulf of Mexico.