Wasatch Advisors Inc Lowers stake in Waste Connections (WCN)

Waste Connections (WCN) : Wasatch Advisors Inc reduced its stake in Waste Connections by 0.28% during the most recent quarter end. The investment management company now holds a total of 1,459,838 shares of Waste Connections which is valued at $114,451,299 after selling 4,112 shares in Waste Connections , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Waste Connections makes up approximately 1.67% of Wasatch Advisors Inc’s portfolio.

Other Hedge Funds, Including , Twin Tree Management Lp boosted its stake in WCN in the latest quarter, The investment management firm added 3,340 additional shares and now holds a total of 11,290 shares of Waste Connections which is valued at $885,136. Waste Connections makes up approx 0.17% of Twin Tree Management Lp’s portfolio.1832 Asset Management boosted its stake in WCN in the latest quarter, The investment management firm added 2,241,594 additional shares and now holds a total of 2,540,429 shares of Waste Connections which is valued at $199,169,634. Waste Connections makes up approx 0.75% of 1832 Asset Management’s portfolio.Blackrock Group Ltd boosted its stake in WCN in the latest quarter, The investment management firm added 71,247 additional shares and now holds a total of 483,616 shares of Waste Connections which is valued at $37,915,494. Waste Connections makes up approx 0.02% of Blackrock Group Ltd’s portfolio.Gabelli Funds boosted its stake in WCN in the latest quarter, The investment management firm added 1,681 additional shares and now holds a total of 243,323 shares of Waste Connections which is valued at $18,872,132. Waste Connections makes up approx 0.11% of Gabelli Funds’s portfolio. Quadrant Capital Group added WCN to its portfolio by purchasing 26 company shares during the most recent quarter which is valued at $1,936.

Waste Connections opened for trading at $76.11 and hit $77.97 on the upside on Thursday, eventually ending the session at $77.8, with a gain of 1.79% or 1.37 points. The heightened volatility saw the trading volume jump to 8,92,865 shares. Company has a market cap of $13,618 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. Macquarie Initiated Waste Connections on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $89.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 .

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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