Sage Mountain Advisors LLC Has $282,000 Stock Position in Waste Connections, Inc. $WCN

Sage Mountain Advisors LLC lowered its holdings in Waste Connections, Inc. (NYSE:WCN) by 19.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,509 shares of the business services provider’s stock after selling 371 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Waste Connections were worth $282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Calamos Wealth Management LLC bought a new stake in shares of Waste Connections in the 2nd quarter worth approximately $2,055,000. Cidel Asset Management Inc. lifted its position in shares of Waste Connections by 3.3% during the 2nd quarter. Cidel Asset Management Inc. now owns 136,991 shares of the business services provider’s stock worth $25,539,000 after buying an additional 4,340 shares during the period. DAVENPORT & Co LLC lifted its position in shares of Waste Connections by 37.3% during the 1st quarter. DAVENPORT & Co LLC now owns 1,796 shares of the business services provider’s stock worth $350,000 after buying an additional 488 shares during the period. Private Trust Co. NA lifted its position in shares of Waste Connections by 89.5% during the 1st quarter. Private Trust Co. NA now owns 288 shares of the business services provider’s stock worth $56,000 after buying an additional 136 shares during the period. Finally, William Blair Investment Management LLC bought a new position in shares of Waste Connections during the 2nd quarter worth approximately $63,385,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Trading Down 0.0%

WCN stock opened at $176.76 on Monday. The company has a market cap of $45.36 billion, a P/E ratio of 73.65, a PEG ratio of 3.25 and a beta of 0.62. Waste Connections, Inc. has a twelve month low of $169.36 and a twelve month high of $201.66. 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 business has a fifty day moving average of $176.95 and a 200-day moving average of $185.40.

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

Waste Connections Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on WCN. Royal Bank Of Canada cut their target price on Waste Connections from $221.00 to $219.00 and set an “outperform” rating for the company in a research report on Friday, July 25th. Raymond James Financial set a $213.00 price objective on Waste Connections and gave the company a “strong-buy” rating in a research report on Monday, October 6th. Oppenheimer lifted their price objective on Waste Connections from $205.00 to $206.00 and gave the company an “outperform” rating in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Waste Connections in a research report on Friday. Finally, Scotiabank reiterated an “outperform” rating and issued a $210.00 price objective on shares of Waste Connections in a research report on Thursday. Five analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Waste Connections has a consensus rating of “Buy” and an average price target 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.