Blair William & Co. IL Has $16.29 Million Stock Position in Waste Connections, Inc. $WCN

Blair William & Co. IL raised its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 8.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,248 shares of the business services provider’s stock after purchasing an additional 6,449 shares during the period. Blair William & Co. IL’s holdings in Waste Connections were worth $16,291,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Nuveen LLC acquired a new position in Waste Connections in the first quarter valued at approximately $623,155,000. Vanguard Group Inc. lifted its stake in shares of Waste Connections by 3.3% in the 1st 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. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Waste Connections by 195.0% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,153,530 shares of the business services provider’s stock worth $224,961,000 after purchasing an additional 762,468 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Waste Connections by 45.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,621,661 shares of the business services provider’s stock worth $316,532,000 after purchasing an additional 502,986 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of Waste Connections by 56.2% during the first quarter. Canada Pension Plan Investment Board now owns 1,147,904 shares of the business services provider’s stock worth $223,779,000 after purchasing an additional 413,212 shares during the period. Institutional investors own 86.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Oppenheimer reduced their target price on Waste Connections from $210.00 to $205.00 and set an “outperform” rating on the stock in a report on Wednesday. CIBC reissued an “outperform” rating on shares of Waste Connections in a research note on Friday, July 25th. National Bankshares decreased their price objective on shares of Waste Connections from $211.00 to $196.00 and set an “outperform” rating for the company in a report on Tuesday. Stifel Nicolaus began coverage on shares of Waste Connections in a report on Tuesday, September 30th. They issued a “buy” rating and a $221.00 target price on the stock. Finally, Scotiabank set a $208.00 price target on shares of Waste Connections in a report on Friday. Five analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Waste Connections presently has a consensus rating of “Buy” and an average target price of $211.73.

Waste Connections Stock Up 1.4%

Waste Connections stock opened at $172.58 on Friday. The company has a 50 day moving average of $179.63 and a 200-day moving average of $186.71. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00. Waste Connections, Inc. has a twelve month low of $169.36 and a twelve month high of $201.66. The stock has a market capitalization of $44.28 billion, a PE ratio of 69.59, a price-to-earnings-growth ratio of 3.10 and a beta of 0.62.

Waste Connections (NYSE:WCN) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Waste Connections had a net margin of 6.97% and a return on equity of 15.72%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.24 EPS. Waste Connections has set its FY 2025 guidance at EPS. On average, equities research 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 given 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 currently 50.81%.

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.