Skandinaviska Enskilda Banken AB publ Has $10.74 Million Stock Holdings in Waste Connections, Inc. $WCN

Skandinaviska Enskilda Banken AB publ grew its holdings in Waste Connections, Inc. (NYSE:WCN) by 6.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,522 shares of the business services provider’s stock after acquiring an additional 3,642 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Waste Connections were worth $10,741,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in shares of Waste Connections during the 2nd quarter valued at $755,938,000. Quadrature Capital Ltd bought a new stake in Waste Connections in the second quarter worth $39,478,000. Scotia Capital Inc. lifted its position in shares of Waste Connections by 15.1% in the second quarter. Scotia Capital Inc. now owns 427,530 shares of the business services provider’s stock worth $79,594,000 after buying an additional 55,998 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Waste Connections by 55.7% during the 2nd quarter. Hsbc Holdings PLC now owns 337,252 shares of the business services provider’s stock worth $62,907,000 after acquiring an additional 120,638 shares in the last quarter. Finally, Bank of Nova Scotia Trust Co. increased its holdings in shares of Waste Connections by 2.0% during the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 114,219 shares of the business services provider’s stock valued at $21,327,000 after acquiring an additional 2,206 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Citigroup lowered their target price on shares of Waste Connections from $199.00 to $196.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Sanford C. Bernstein assumed coverage on Waste Connections in a research report on Wednesday, November 12th. They issued an “outperform” rating and a $200.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of Waste Connections in a research report on Thursday, November 13th. They set an “overweight” rating and a $186.00 target price on the stock. Barclays reiterated a “negative” rating on shares of Waste Connections in a research note on Thursday, October 23rd. Finally, National Bankshares cut their price target on Waste Connections from $211.00 to $196.00 and set an “outperform” rating for the company in a report on Tuesday, October 7th. Five research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Waste Connections currently has a consensus rating of “Buy” and an average target price of $208.32.

Waste Connections Stock Down 0.3%

Shares of NYSE:WCN opened at $176.55 on Friday. The company’s fifty day moving average is $172.12 and its 200-day moving average is $181.14. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.67 and a current ratio of 0.67. Waste Connections, Inc. has a 52 week low of $163.27 and a 52 week high of $201.66. The company has a market capitalization of $45.17 billion, a PE ratio of 73.56, a P/E/G ratio of 3.17 and a beta of 0.60.

Waste Connections (NYSE:WCN) last announced its earnings results on Tuesday, October 21st. The business services provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.06. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Waste Connections had a net margin of 6.65% and a return on equity of 16.07%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.35 EPS. Waste Connections has set its FY 2025 guidance at EPS. Equities research analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Wednesday, November 5th were paid a $0.35 dividend. This is a boost from Waste Connections’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, November 5th. Waste Connections’s payout ratio is presently 58.33%.

Insider Activity at Waste Connections

In related news, Director Edward E. Guillet sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $174.44, for a total value of $1,569,960.00. Following the completion of the sale, the director owned 14,883 shares of the company’s stock, valued at $2,596,190.52. This trade represents a 37.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.28% of the stock is owned by company insiders.

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.