Waste Connections, Inc. $WCN Stock Position Lifted by Values First Advisors Inc.

Values First Advisors Inc. lifted its holdings in Waste Connections, Inc. (NYSE:WCN) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,088 shares of the business services provider’s stock after purchasing an additional 338 shares during the quarter. Values First Advisors Inc.’s holdings in Waste Connections were worth $762,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ramirez Asset Management Inc. grew its stake in shares of Waste Connections by 122.0% in the first quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider’s stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Waste Connections by 994.4% in the first quarter. Larson Financial Group LLC now owns 197 shares of the business services provider’s stock worth $38,000 after purchasing an additional 179 shares in the last quarter. Valley National Advisers Inc. boosted its stake in Waste Connections by 232.3% during the first quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider’s stock valued at $41,000 after buying an additional 151 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in Waste Connections during the second quarter valued at about $51,000. Finally, Hexagon Capital Partners LLC boosted its stake in Waste Connections by 29.2% during the first quarter. Hexagon Capital Partners LLC now owns 283 shares of the business services provider’s stock valued at $55,000 after buying an additional 64 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Scotiabank set a $208.00 target price on Waste Connections in a research note on Friday, October 10th. Raymond James Financial set a $213.00 target price on Waste Connections and gave the company a “strong-buy” rating in a research note on Monday, October 6th. Atb Cap Markets raised Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. UBS Group set a $190.00 target price on Waste Connections and gave the company a “neutral” rating in a research note on Thursday. Finally, Barclays assumed coverage on Waste Connections in a research note on Friday, September 19th. They set an “equal weight” rating and a $192.00 target price for the company. Five equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Waste Connections has an average rating of “Buy” and an average target price of $210.38.

Waste Connections Trading Up 0.6%

NYSE:WCN opened at $170.80 on Friday. 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 1-year low of $169.36 and a 1-year high of $201.66. The firm has a market capitalization of $43.83 billion, a price-to-earnings ratio of 68.87, a price-to-earnings-growth ratio of 3.09 and a beta of 0.62. The stock has a fifty day simple moving average of $178.34 and a 200 day simple moving average of $186.11.

Waste Connections (NYSE:WCN) last released its quarterly earnings results 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 business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the company posted $1.24 EPS. Waste Connections’s revenue for the quarter was up 7.1% on a year-over-year basis. Waste Connections has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Wednesday, August 6th were given a $0.315 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.7%. Waste Connections’s dividend payout ratio (DPR) is 50.81%.

Waste Connections 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.