What’s Ahead for Waste Connections Inc (USA) After Today’s Bullish Options Activity?


 What's Ahead for Waste Connections Inc (USA) After Today's Bullish Options Activity?

In today’s session Waste Connections Inc (USA) (WCN) registered an unusually high (1,000) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious WCN increase. With 1,000 contracts traded and 484 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: WCN161118C00075000 closed last at: $1.4 or 12% up. About 20,384 shares traded hands. Waste Connections Inc (USA) (NYSE:WCN) has risen 12.83% since March 7, 2016 and is uptrending. It has outperformed by 5.24% the S&P500.

Analysts await Waste Connections Inc (USA) (NYSE:WCN) to report earnings on November, 4. They expect $0.72 earnings per share, down 1.37% or $0.01 from last year’s $0.73 per share. WCN’s profit will be $125.90M for 25.00 P/E if the $0.72 EPS becomes a reality. After $0.66 actual earnings per share reported by Waste Connections Inc (USA) for the previous quarter, Wall Street now forecasts 9.09% EPS growth.

Waste Connections Inc (USA) (NYSE:WCN) Ratings Coverage

Out of 14 analysts covering Waste Connections (NYSE:WCN), 12 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 86% are positive. $89 is the highest target while $52 is the lowest. The $84.33 average target is 17.13% above today’s ($72) stock price. Waste Connections has been the topic of 30 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Waste Connections Inc (USA) (NYSE:WCN) has “Buy” rating given on Friday, May 27 by Stifel Nicolaus. Imperial Capital maintained Waste Connections Inc (USA) (NYSE:WCN) on Wednesday, July 29 with “Outperform” rating. Stifel Nicolaus maintained it with “Buy” rating and $58 target price in Wednesday, October 28 report. Macquarie Research initiated the shares of WCN in a report on Friday, August 26 with “Outperform” rating. The firm earned “Overweight” rating on Thursday, October 22 by Barclays Capital. The stock of Waste Connections Inc (USA) (NYSE:WCN) has “Outperform” rating given on Friday, August 5 by RBC Capital Markets. As per Friday, August 5, the company rating was maintained by Wedbush. Imperial Capital maintained it with “Outperform” rating and $72 target price in Wednesday, April 6 report. The rating was initiated by Credit Suisse with “Outperform” on Friday, November 6. RBC Capital Markets initiated the stock with “Outperform” rating in Monday, June 6 report.

According to Zacks Investment Research, “Waste Connections, Inc. is an integrated solid waste services company. It provides waste collection, transfer, disposal and recycling services in exclusive and secondary markets. The company, through its subsidiary R360 Environmental Solutions, provide non-hazardous oilfield waste treatment, recovery and disposal services primarily in the United States. It also provides intermodal services for the movement of cargo and solid waste containers. Waste Connections, Inc., formerly known as Progressive Waste Solutions Ltd., is headquartered in The Woodlands, Texas.”

Insitutional Activity: The institutional sentiment decreased to 0.01 in 2016 Q2. Its down 1.58, from 1.59 in 2016Q1. The ratio dropped, as 291 funds sold all Waste Connections Inc (USA) shares owned while 5 reduced positions. 2 funds bought stakes while 1 increased positions. They now own 4.20 million shares or 96.52% less from 120.73 million shares in 2016Q1.
Moreover, Gemmer Asset Limited Liability Company has 0% invested in Waste Connections Inc (USA) (NYSE:WCN) for 121 shares. Gulf Intl Financial Bank (Uk) Limited last reported 52,831 shares in the company. Moreover, Jaffetilchin Inv Prtnrs Ltd Company has 0.14% invested in Waste Connections Inc (USA) (NYSE:WCN) for 6,318 shares. Ferguson Wellman Cap Management, a Oregon-based fund reported 3,000 shares. Frontier Management last reported 0.11% of its portfolio in the stock. Columbia Asset Management last reported 0.35% of its portfolio in the stock. The Texas-based King Luther Mngmt Corporation has invested 0.48% in Waste Connections Inc (USA) (NYSE:WCN). Bamco Inc Ny accumulated 0.82% or 2.15M shares. The Virginia-based Yorktown Mngmt Research has invested 0.1% in Waste Connections Inc (USA) (NYSE:WCN). Great West Life Assurance Can accumulated 73,921 shares or 0.02% of the stock. Moreover, Pictet Asset Mgmt Limited has 0.3% invested in Waste Connections Inc (USA) (NYSE:WCN) for 1.19M shares.

Waste Connections Inc, formerly Progressive Waste Solutions Ltd, is a Canada waste management company. The company has a market cap of $12.59 billion. The Firm provides waste collection, recycling and disposal services to commercial, industrial, municipal and residential clients in over 10 states in the United States, and the District of Columbia, and in over six Canadian provinces. It has a 36.71 P/E ratio. The Firm operates through three divisions: the East, the West and the North.

More news for Waste Connections Inc (USA) (NYSE:WCN) were recently published by: Benzinga.com, which released: “Credit Suisse Says Waste Connections, Republic Services Most Likely Acquirers …” on January 08, 2016. Bizjournals.com‘s article titled: “Waste Connections to acquire Canadian company, redomicile” and published on January 20, 2016 is yet another important article.

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