Roundview Capital LLC Raises Position in Waste Connections, Inc. $WCN

Roundview Capital LLC lifted its stake in Waste Connections, Inc. (NYSE:WCN) by 9.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,739 shares of the business services provider’s stock after purchasing an additional 1,400 shares during the period. Roundview Capital LLC’s holdings in Waste Connections were worth $3,126,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Waste Connections by 3.3% during the first quarter. Vanguard Group Inc. now owns 30,247,244 shares of the business services provider’s stock valued at $5,901,049,000 after purchasing an additional 954,242 shares during the period. WCM Investment Management LLC lifted its position in shares of Waste Connections by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 6,383,780 shares of the business services provider’s stock valued at $1,230,984,000 after buying an additional 18,400 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Waste Connections by 5.8% during the 1st quarter. Mackenzie Financial Corp now owns 4,575,547 shares of the business services provider’s stock valued at $892,023,000 after buying an additional 250,684 shares in the last quarter. 1832 Asset Management L.P. grew its stake in shares of Waste Connections by 2.7% during the 1st quarter. 1832 Asset Management L.P. now owns 3,863,120 shares of the business services provider’s stock valued at $754,042,000 after acquiring an additional 100,716 shares during the period. Finally, TD Asset Management Inc increased its holdings in Waste Connections by 3.3% in the 1st quarter. TD Asset Management Inc now owns 3,819,259 shares of the business services provider’s stock worth $744,420,000 after acquiring an additional 120,752 shares in the last quarter. 86.09% of the stock is owned by institutional investors.

Waste Connections Stock Performance

Shares of NYSE WCN opened at $174.15 on Tuesday. The company has a market cap of $44.69 billion, a P/E ratio of 70.22, a P/E/G ratio of 3.15 and a beta of 0.62. Waste Connections, Inc. has a 52-week low of $169.36 and a 52-week high of $201.66. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s fifty day moving average is $180.93 and its two-hundred day moving average is $187.19.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. Waste Connections had a return on equity of 15.72% and a net margin of 6.97%.The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the business posted $1.24 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Waste Connections has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Wednesday, August 6th were issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 6th. Waste Connections’s dividend payout ratio is 50.81%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WCN shares. Atb Cap Markets raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of Waste Connections in a research report on Saturday, September 27th. Barclays initiated coverage on shares of Waste Connections in a report on Friday, September 19th. They issued an “equal weight” rating and a $192.00 target price for the company. Oppenheimer raised their price target on Waste Connections from $216.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, July 9th. Finally, CIBC restated an “outperform” rating on shares of Waste Connections in a research report on Friday, July 25th. Five research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $213.79.

Waste Connections Company Profile

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.