Today, 648,402 Shares of Progressive Waste Solutions Ltd. (WCN) are sold by JPMorgan Chase & Co.

Today, 648,402 Shares of Progressive Waste Solutions Ltd. (WCN) are sold by JPMorgan Chase & Co.
JPMorgan Chase & Co. cut its stake in shares of Progressive Waste Solutions Ltd. (NYSE:WCN) by 8.2% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 7,299,492 shares of the company’s stock after selling 648,402 shares during the period. JPMorgan Chase & Co. owned approximately 4.16% of Progressive Waste Solutions worth $545,272,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. BOKF NA boosted its position in shares of Progressive Waste Solutions by 3.2% in the second quarter. BOKF NA now owns 3,687 shares of the company’s stock worth $266,000 after buying an additional 115 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Progressive Waste Solutions by 0.5% in the second quarter. Suntrust Banks Inc. now owns 29,688 shares of the company’s stock worth $2,138,000 after buying an additional 144 shares during the last quarter. Boston Private Wealth LLC raised its position in shares of Progressive Waste Solutions by 2.0% in the second quarter. Boston Private Wealth LLC now owns 7,426 shares of the company’s stock worth $535,000 after buying an additional 145 shares during the last quarter. Henderson Group PLC raised its position in shares of Progressive Waste Solutions by 2.9% in the third quarter. Henderson Group PLC now owns 10,132 shares of the company’s stock worth $757,000 after buying an additional 283 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Progressive Waste Solutions by 2.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,180 shares of the company’s stock worth $1,881,000 after buying an additional 500 shares during the last quarter. 83.02% of the stock is owned by hedge funds and other institutional investors.

Shares of Progressive Waste Solutions Ltd. (NYSE:WCN) opened at 77.50 on Friday. Progressive Waste Solutions Ltd. has a 52 week low of $50.64 and a 52 week high of $79.72. The company has a market capitalization of $13.55 billion, a PE ratio of 51.36 and a beta of 0.35. The company has a 50 day moving average price of $74.63 and a 200 day moving average price of $73.89.

Progressive Waste Solutions (NYSE:WCN) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. Progressive Waste Solutions had a net margin of 5.77% and a return on equity of 8.53%. The firm earned $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm earned $0.54 EPS. The business’s quarterly revenue was up 98.0% compared to the same quarter last year. On average, equities research analysts expect that Progressive Waste Solutions Ltd. will post $2.49 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Monday, November 7th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.72 annualized dividend and a dividend yield of 0.93%. This is a boost from Progressive Waste Solutions’s previous quarterly dividend of $0.15. Progressive Waste Solutions’s dividend payout ratio (DPR) is 47.04%.

A number of research analysts have commented on WCN shares. Goldman Sachs Group Inc. started coverage on Progressive Waste Solutions in a research report on Tuesday, November 1st. They issued a “buy” rating and a $90.00 price objective on the stock. Macquarie began coverage on Progressive Waste Solutions in a research report on Thursday, August 25th. They issued an “outperform” rating and a $89.00 price target on the stock. Zacks Investment Research upgraded Progressive Waste Solutions from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Thursday, October 6th. TD Securities restated a “hold” rating and issued a $78.00 price target on shares of Progressive Waste Solutions in a research report on Wednesday, August 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $86.00 price target (down from $90.00) on shares of Progressive Waste Solutions in a research report on Friday, October 21st. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $78.79.

In other news, insider James Little sold 2,000 shares of the firm’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $74.15, for a total transaction of $148,300.00. Following the sale, the insider now owns 42,696 shares in the company, valued at approximately $3,165,908.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.68% of the company’s stock.

Progressive Waste Solutions Company Profile

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