Aberdeen Group plc Sells 65 Shares of Waste Connections, Inc. $WCN

Aberdeen Group plc decreased its position in shares of Waste Connections, Inc. (NYSE:WCN) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,019 shares of the business services provider’s stock after selling 65 shares during the period. Aberdeen Group plc’s holdings in Waste Connections were worth $748,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Waste Connections by 3.3% in the first 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 period. WCM Investment Management LLC grew its holdings 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 valued at $1,230,984,000 after buying an additional 18,400 shares during the last quarter. Mackenzie Financial Corp increased its position 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 buying an additional 250,684 shares during the period. 1832 Asset Management L.P. lifted its holdings in shares of Waste Connections by 2.7% during the first quarter. 1832 Asset Management L.P. now owns 3,863,120 shares of the business services provider’s stock worth $754,042,000 after buying an additional 100,716 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Waste Connections by 3.3% during the first quarter. TD Asset Management Inc now owns 3,819,259 shares of the business services provider’s stock worth $744,420,000 after buying an additional 120,752 shares during the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WCN shares. CIBC restated an “outperform” rating on shares of Waste Connections in a research note on Friday, July 25th. Scotiabank set a $208.00 price target on shares of Waste Connections in a report on Friday, October 10th. Citigroup decreased their price target on shares of Waste Connections from $204.00 to $199.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. UBS Group set a $190.00 price objective on shares of Waste Connections and gave the company a “neutral” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Waste Connections in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Waste Connections has an average rating of “Buy” and a consensus price target of $210.38.

Waste Connections Trading Up 1.1%

WCN stock opened at $172.68 on Friday. 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 business’s 50 day moving average is $178.03 and its 200-day moving average is $185.94. The firm has a market cap of $44.31 billion, a P/E ratio of 69.63, a P/E/G ratio of 3.11 and a beta of 0.62.

Waste Connections (NYSE:WCN) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $1.29 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 during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the company earned $1.24 EPS. Waste Connections’s revenue was up 7.1% on a year-over-year basis. 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 fiscal year.

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Wednesday, August 6th were issued a $0.315 dividend. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $1.26 annualized dividend and a dividend yield of 0.7%. Waste Connections’s dividend payout ratio is presently 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.