Waste Connections, Inc. $WCN Shares Purchased by MGO One Seven LLC

MGO One Seven LLC boosted its position in Waste Connections, Inc. (NYSE:WCN) by 14.2% in the 2nd quarter, Holdings Channel reports. The firm owned 7,291 shares of the business services provider’s stock after acquiring an additional 905 shares during the quarter. MGO One Seven LLC’s holdings in Waste Connections were worth $1,361,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ramirez Asset Management Inc. raised its stake in Waste Connections by 122.0% in the 1st quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Larson Financial Group LLC raised its stake in Waste Connections by 994.4% in the 1st quarter. Larson Financial Group LLC now owns 197 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 179 shares during the last quarter. Valley National Advisers Inc. raised its stake in Waste Connections by 232.3% in the 1st quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 151 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in Waste Connections in the 2nd quarter valued at $51,000. Finally, Hexagon Capital Partners LLC raised its stake in Waste Connections by 29.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 283 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 64 shares during the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WCN. Oppenheimer cut their target price on Waste Connections from $210.00 to $205.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Raymond James Financial set a $213.00 target price on Waste Connections and gave the stock a “strong-buy” rating in a research note on Monday, October 6th. Atb Cap Markets raised Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. National Bankshares cut their target price on Waste Connections from $211.00 to $196.00 and set an “outperform” rating for the company in a research note on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waste Connections in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $211.73.

Waste Connections Stock Performance

NYSE WCN opened at $169.90 on Thursday. The stock has a market cap of $43.59 billion, a PE ratio of 68.51, a P/E/G ratio of 3.14 and a beta of 0.62. The company has a current ratio of 0.67, a quick 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 stock has a fifty day simple moving average of $178.68 and a 200-day simple moving average of $186.28.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.04. The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Waste Connections had a return on equity of 15.72% and a net margin of 6.97%.The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 EPS. Waste Connections has set its FY 2025 guidance at EPS. Equities analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Wednesday, August 6th were issued a dividend of $0.315 per share. 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 is currently 50.81%.

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.