Klingman & Associates LLC Makes New $211,000 Investment in Waste Connections, Inc. $WCN

Klingman & Associates LLC bought a new position in Waste Connections, Inc. (NYSE:WCN) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,132 shares of the business services provider’s stock, valued at approximately $211,000.

Other hedge funds have also made changes to their positions in the company. Ramirez Asset Management Inc. raised its position in shares of 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 acquiring an additional 100 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Waste Connections by 994.4% in the 1st quarter. Larson Financial Group LLC now owns 197 shares of the business services provider’s stock worth $38,000 after acquiring an additional 179 shares in the last quarter. Valley National Advisers Inc. raised its position in shares of Waste Connections by 232.3% in the 1st quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider’s stock worth $41,000 after acquiring an additional 151 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Waste Connections in the 2nd quarter worth $51,000. Finally, Hexagon Capital Partners LLC raised its position in shares of Waste Connections by 29.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 283 shares of the business services provider’s stock worth $55,000 after acquiring an additional 64 shares in the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Waste Connections Trading Down 0.3%

Shares of NYSE:WCN opened at $173.55 on Wednesday. The business’s 50-day moving average is $177.42 and its 200 day moving average is $185.59. 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 $44.53 billion, a P/E ratio of 69.98, a P/E/G ratio of 3.17 and a beta of 0.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.67 and a quick ratio of 0.67.

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, beating the consensus estimate of $1.38 by $0.06. Waste Connections had a return on equity of 15.72% and a net margin of 6.97%.The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the company posted $1.35 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Waste Connections has set its FY 2025 guidance at EPS. On average, research analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Wednesday, November 5th will be issued 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 is Wednesday, November 5th. Waste Connections’s dividend payout ratio is currently 50.81%.

Analysts Set New Price Targets

Several research firms have recently commented on WCN. CIBC reissued an “outperform” rating on shares of Waste Connections in a research report on Friday, July 25th. Royal Bank Of Canada reduced their price target on Waste Connections from $221.00 to $219.00 and set an “outperform” rating for the company in a research report on Friday, July 25th. Oppenheimer reduced their price target on Waste Connections from $210.00 to $205.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Barclays began coverage on Waste Connections in a research report on Friday, September 19th. They issued an “equal weight” rating and a $192.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waste Connections in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Waste Connections currently has an average rating of “Buy” and a consensus price target of $210.38.

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.