Cumberland Partners Ltd Has $6.71 Million Holdings in Waste Connections, Inc. $WCN

Cumberland Partners Ltd lifted its stake in Waste Connections, Inc. (NYSE:WCN) by 49.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,960 shares of the business services provider’s stock after acquiring an additional 11,820 shares during the period. Cumberland Partners Ltd’s holdings in Waste Connections were worth $6,705,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Ramirez Asset Management Inc. grew its position in Waste Connections by 122.0% in the 1st 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 during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Waste Connections in the second quarter valued at about $51,000. Marshall & Sullivan Inc. WA acquired a new stake in Waste Connections during the second quarter worth about $70,000. Valley National Advisers Inc. lifted its position in shares of Waste Connections by 83.3% in the 2nd quarter. Valley National Advisers Inc. now owns 396 shares of the business services provider’s stock worth $73,000 after acquiring an additional 180 shares during the period. Finally, SVB Wealth LLC acquired a new stake in shares of Waste Connections during the 1st quarter worth approximately $87,000. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Edward E. Guillet sold 9,000 shares of Waste Connections stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $174.44, for a total transaction of $1,569,960.00. Following the completion of the sale, the director directly owned 14,883 shares of the company’s stock, valued at $2,596,190.52. The trade was a 37.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WCN has been the subject of a number of recent research reports. 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. Wells Fargo & Company began 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 restated a “negative” rating on shares of Waste Connections in a research note on Thursday, October 23rd. Stifel Nicolaus lowered their price objective on Waste Connections from $221.00 to $218.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Finally, Citigroup cut their target price on Waste Connections from $199.00 to $196.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $208.67.

Waste Connections Stock Up 1.5%

Shares of NYSE:WCN opened at $174.73 on Thursday. Waste Connections, Inc. has a 12 month low of $163.27 and a 12 month high of $201.66. The company’s 50-day moving average price is $172.06 and its two-hundred day moving average price is $182.04. The firm has a market cap of $44.70 billion, a P/E ratio of 72.80, a P/E/G ratio of 3.17 and a beta of 0.60. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.07.

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

Waste Connections Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Wednesday, November 5th will be issued a $0.35 dividend. This is an increase from Waste Connections’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, November 5th. Waste Connections’s dividend payout ratio (DPR) is currently 58.33%.

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.