Waste Connections, Inc. $WCN Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC boosted its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 8.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,778 shares of the business services provider’s stock after purchasing an additional 352 shares during the period. Verdence Capital Advisors LLC’s holdings in Waste Connections were worth $892,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in Waste Connections in the first quarter valued at approximately $623,155,000. Vanguard Group Inc. boosted its holdings in shares of Waste Connections by 3.3% during 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 purchasing an additional 954,242 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Waste Connections by 195.0% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,153,530 shares of the business services provider’s stock worth $224,961,000 after buying an additional 762,468 shares during the last quarter. Montrusco Bolton Investments Inc. boosted its holdings in Waste Connections by 46.6% in the 2nd quarter. Montrusco Bolton Investments Inc. now owns 2,306,702 shares of the business services provider’s stock valued at $419,451,000 after purchasing an additional 732,718 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Waste Connections by 45.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,621,661 shares of the business services provider’s stock valued at $316,532,000 after purchasing an additional 502,986 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Trading Up 0.4%

Shares of WCN opened at $172.62 on Wednesday. Waste Connections, Inc. has a 1-year low of $169.36 and a 1-year high of $201.66. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $44.29 billion, a P/E ratio of 69.60, a P/E/G ratio of 3.13 and a beta of 0.62. The business’s 50-day moving average price is $179.04 and its 200 day moving average price is $186.39.

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

Waste Connections Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Wednesday, August 6th were given a $0.315 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.7%. Waste Connections’s dividend payout ratio (DPR) is currently 50.81%.

Wall Street Analyst Weigh In

WCN has been the topic of several research reports. Royal Bank Of Canada decreased their target price on Waste Connections from $221.00 to $219.00 and set an “outperform” rating on the stock in a research note on Friday, July 25th. Citigroup dropped their target price on Waste Connections from $204.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Atb Cap Markets upgraded Waste Connections from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Oppenheimer decreased their price target on shares of Waste Connections from $210.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Waste Connections in a report on Wednesday, October 8th. Five analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Waste Connections presently has an average rating of “Buy” and a consensus price target of $211.73.

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.