Versor Investments LP Sells 5,616 Shares of Waste Connections, Inc. $WCN

Versor Investments LP lowered its position in shares of Waste Connections, Inc. (NYSE:WCN) by 75.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,857 shares of the business services provider’s stock after selling 5,616 shares during the period. Versor Investments LP’s holdings in Waste Connections were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in WCN. Ramirez Asset Management Inc. increased its stake in shares of Waste Connections by 122.0% during the first quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider’s stock worth $36,000 after purchasing an additional 100 shares during the period. Larson Financial Group LLC increased its stake in shares of Waste Connections by 994.4% during the first quarter. Larson Financial Group LLC now owns 197 shares of the business services provider’s stock worth $38,000 after purchasing an additional 179 shares during the period. Global Financial Private Client LLC increased its stake in shares of Waste Connections by 890.0% during the first quarter. Global Financial Private Client LLC now owns 198 shares of the business services provider’s stock worth $39,000 after purchasing an additional 178 shares during the period. Valley National Advisers Inc. increased its stake in shares of Waste Connections by 232.3% during the first quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider’s stock worth $41,000 after purchasing an additional 151 shares during the period. Finally, Louisbourg Investments Inc. increased its stake in shares of Waste Connections by 128.6% during the first quarter. Louisbourg Investments Inc. now owns 240 shares of the business services provider’s stock worth $47,000 after purchasing an additional 135 shares during the period. Institutional investors own 86.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Royal Bank Of Canada lowered their price objective 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. Oppenheimer raised their price objective on Waste Connections from $216.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th. CIBC restated an “outperform” rating on shares of Waste Connections in a research note on Friday, July 25th. Seaport Res Ptn upgraded Waste Connections to a “strong-buy” rating in a research note on Tuesday, May 6th. Finally, BMO Capital Markets raised their price objective on Waste Connections from $214.00 to $216.00 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Five investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $215.00.

Waste Connections Trading Up 0.1%

Shares of WCN opened at $186.2750 on Thursday. Waste Connections, Inc. has a 52-week low of $169.36 and a 52-week high of $201.66. The business’s fifty day moving average is $185.71 and its 200-day moving average is $189.59. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $48.13 billion, a price-to-earnings ratio of 75.11, a PEG ratio of 3.36 and a beta of 0.58.

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

Waste Connections Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Wednesday, August 6th will be given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, August 6th. Waste Connections’s payout ratio is 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.