Motley Fool Asset Management LLC Has $17.41 Million Stock Position in Waste Connections, Inc. $WCN

Motley Fool Asset Management LLC lowered its stake in Waste Connections, Inc. (NYSE:WCN) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 93,220 shares of the business services provider’s stock after selling 1,730 shares during the quarter. Waste Connections comprises approximately 0.8% of Motley Fool Asset Management LLC’s holdings, making the stock its 23rd largest holding. Motley Fool Asset Management LLC’s holdings in Waste Connections were worth $17,406,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in WCN. GWN Securities Inc. acquired a new stake in Waste Connections during the 2nd quarter worth $424,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Waste Connections by 29.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 151,800 shares of the business services provider’s stock worth $28,344,000 after purchasing an additional 34,700 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Waste Connections by 17.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 496,110 shares of the business services provider’s stock worth $92,634,000 after purchasing an additional 72,803 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Waste Connections in the 2nd quarter valued at about $10,499,000. Finally, Bessemer Group Inc. grew its holdings in shares of Waste Connections by 1.6% in the 2nd quarter. Bessemer Group Inc. now owns 15,138 shares of the business services provider’s stock valued at $2,827,000 after acquiring an additional 239 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Trading Down 1.1%

Shares of WCN stock opened at $174.91 on Tuesday. The firm has a 50 day moving average price of $176.75 and a two-hundred day moving average price of $185.27. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $44.88 billion, a PE ratio of 72.88, a price-to-earnings-growth ratio of 3.25 and a beta of 0.62. Waste Connections, Inc. has a 12-month low of $169.36 and a 12-month high of $201.66.

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

Waste Connections Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Wednesday, November 5th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.8%. This is a boost from Waste Connections’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, November 5th. Waste Connections’s dividend payout ratio (DPR) is 52.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Atb Cap Markets upgraded Waste Connections from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Waste Connections in a research note on Wednesday, October 8th. National Bankshares cut their target price on shares of Waste Connections from $211.00 to $196.00 and set an “outperform” rating for the company in a research note on Tuesday, October 7th. Stifel Nicolaus cut their target price on shares of Waste Connections from $221.00 to $218.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada cut their target price on shares of Waste Connections from $221.00 to $219.00 and set an “outperform” rating for the company in a research note on Friday, July 25th. Five equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $210.63.

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.