Union Bancaire Privee UBP SA Sells 1,938 Shares of Waste Connections, Inc. $WCN

Union Bancaire Privee UBP SA cut its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 12.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,095 shares of the business services provider’s stock after selling 1,938 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Waste Connections were worth $2,450,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Waste Connections by 29.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,932 shares of the business services provider’s stock valued at $1,018,000 after acquiring an additional 1,357 shares during the period. AdvisorNet Financial Inc increased its holdings in Waste Connections by 28.9% in the 1st quarter. AdvisorNet Financial Inc now owns 290 shares of the business services provider’s stock valued at $57,000 after buying an additional 65 shares during the period. Harbor Investment Advisory LLC increased its holdings in Waste Connections by 1,022.7% in the 1st quarter. Harbor Investment Advisory LLC now owns 4,210 shares of the business services provider’s stock valued at $821,000 after buying an additional 3,835 shares during the period. Merit Financial Group LLC increased its holdings in Waste Connections by 92.8% in the 1st quarter. Merit Financial Group LLC now owns 3,551 shares of the business services provider’s stock valued at $693,000 after buying an additional 1,709 shares during the period. Finally, Accel Wealth Management bought a new position in Waste Connections in the 1st quarter valued at about $221,000. 86.09% of the stock is owned by institutional investors.

Waste Connections Price Performance

WCN stock opened at $175.81 on Wednesday. The company’s 50-day moving average is $181.92 and its 200-day moving average is $187.62. The stock has a market capitalization of $45.11 billion, a PE ratio of 70.89, a price-to-earnings-growth ratio of 3.15 and a beta of 0.61. 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, Inc. has a 1 year low of $169.36 and a 1 year high of $201.66.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the company earned $1.24 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Waste Connections has set its FY 2025 guidance at EPS. Equities research analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WCN shares. Barclays started coverage on shares of Waste Connections in a research note on Friday, September 19th. They issued an “equal weight” rating and a $192.00 price objective on the stock. Citigroup decreased their price target on Waste Connections from $204.00 to $199.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Royal Bank Of Canada decreased their price target 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. Atb Cap Markets raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Finally, Oppenheimer boosted their price objective on Waste Connections from $216.00 to $218.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 9th. Five equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $213.64.

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.