Mattson Financial Services LLC Raises Stock Holdings in Waste Connections, Inc. $WCN

Mattson Financial Services LLC increased its position in Waste Connections, Inc. (NYSE:WCN) by 29.7% in the first quarter, HoldingsChannel.com reports. The fund owned 9,475 shares of the business services provider’s stock after buying an additional 2,169 shares during the period. Mattson Financial Services LLC’s holdings in Waste Connections were worth $1,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in 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 worth $5,901,049,000 after acquiring an additional 954,242 shares during the last quarter. WCM Investment Management LLC raised its stake in Waste Connections by 0.3% in the 1st quarter. WCM Investment Management LLC now owns 6,383,780 shares of the business services provider’s stock worth $1,230,984,000 after acquiring an additional 18,400 shares during the last quarter. Mackenzie Financial Corp raised its stake in Waste Connections by 5.8% in the 1st quarter. Mackenzie Financial Corp now owns 4,575,547 shares of the business services provider’s stock worth $892,023,000 after acquiring an additional 250,684 shares during the last quarter. 1832 Asset Management L.P. raised its stake in Waste Connections by 2.7% in the 1st quarter. 1832 Asset Management L.P. now owns 3,863,120 shares of the business services provider’s stock worth $754,042,000 after acquiring an additional 100,716 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in Waste Connections by 3.3% in the 1st quarter. TD Asset Management Inc now owns 3,819,259 shares of the business services provider’s stock worth $744,420,000 after acquiring an additional 120,752 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Price Performance

Shares of Waste Connections stock opened at $176.19 on Thursday. 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 business has a 50-day moving average price of $184.25 and a 200 day moving average price of $188.90. The firm has a market cap of $45.30 billion, a PE ratio of 71.04, a P/E/G ratio of 3.20 and a beta of 0.61.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.04. Waste Connections had a return on equity of 15.72% and a net margin of 6.97%.The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the business earned $1.24 EPS. Waste Connections’s revenue for the quarter was up 7.1% compared to the same quarter last year. Waste Connections has set its FY 2025 guidance at EPS. Sell-side analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WCN shares. Melius assumed coverage on Waste Connections in a research note on Monday, June 9th. They issued a “buy” rating for the company. Atb Cap Markets upgraded Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. CIBC reiterated an “outperform” rating on shares of Waste Connections in a research note on Friday, July 25th. Oppenheimer lifted their price objective on Waste Connections from $216.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. Finally, Raymond James Financial reduced their price objective on Waste Connections from $224.00 to $211.00 and set a “strong-buy” rating for the company in a research note on Tuesday, July 22nd. Five investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $215.00.

About Waste Connections

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.