Davis R M Inc Lowers stake in Waste Connections (WCN)

Waste Connections (WCN) : Davis R M Inc reduced its stake in Waste Connections by 6.39% during the most recent quarter end. The investment management company now holds a total of 749,268 shares of Waste Connections which is valued at $54,734,027 after selling 51,176 shares in Waste Connections , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.Waste Connections makes up approximately 2.62% of Davis R M Inc’s portfolio.

Other Hedge Funds, Including , Warren Averett Asset Management reduced its stake in WCN by selling 300 shares or 7.6% in the most recent quarter. The Hedge Fund company now holds 3,645 shares of WCN which is valued at $266,741. Waste Connections makes up approx 0.12% of Warren Averett Asset Management’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in WCN in the latest quarter, The investment management firm added 6,595 additional shares and now holds a total of 8,080 shares of Waste Connections which is valued at $591,294. Waste Connections makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.North Star Investment Management Corp. reduced its stake in WCN by selling 1 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 240 shares of WCN which is valued at $17,563. Cutler Group Lp added WCN to its portfolio by purchasing 1,893 company shares during the most recent quarter which is valued at $138,530. Waste Connections makes up approx 0.01% of Cutler Group Lp’s portfolio. Weaver C. Barksdale Associates sold out all of its stake in WCN during the most recent quarter. The investment firm sold 132 shares of WCN which is valued $9,660.

Waste Connections closed down -0.16 points or -0.22% at $73.05 with 4,18,959 shares getting traded on Monday. Post opening the session at $73.55, the shares hit an intraday low of $72.861 and an intraday high of $73.86 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Waste Connections reported $0.45 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.46. The company had revenue of $514.68 million for the quarter, compared to analysts expectations of $515.47 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Waste Connections. Company shares were Reiterated by Imperial Capital on Jun 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $75 .Waste Connections was Downgraded by TD Securities to ” Hold” on Jun 13, 2016. RBC Capital Mkts Initiated Waste Connections on Jun 6, 2016 to “Outperform”, Price Target of the shares are set at $82.

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.

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