Fulton Breakefield Broenniman LLC Acquires 1,683 Shares of Waste Connections, Inc. $WCN

Fulton Breakefield Broenniman LLC grew its holdings in Waste Connections, Inc. (NYSE:WCN) by 2.6% in the 2nd quarter, Holdings Channel reports. The fund owned 67,012 shares of the business services provider’s stock after purchasing an additional 1,683 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Waste Connections were worth $12,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of WCN. USA Financial Formulas raised its stake in shares of Waste Connections by 28.0% in the first quarter. USA Financial Formulas now owns 489 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 107 shares in the last quarter. Simon Quick Advisors LLC acquired a new position in shares of Waste Connections in the first quarter valued at $220,000. Union Bancaire Privee UBP SA raised its stake in shares of Waste Connections by 2.3% in the first quarter. Union Bancaire Privee UBP SA now owns 16,033 shares of the business services provider’s stock valued at $2,970,000 after purchasing an additional 360 shares in the last quarter. Azzad Asset Management Inc. ADV raised its stake in shares of Waste Connections by 4.8% in the first quarter. Azzad Asset Management Inc. ADV now owns 4,097 shares of the business services provider’s stock valued at $800,000 after purchasing an additional 188 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Waste Connections by 19.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,069 shares of the business services provider’s stock valued at $1,379,000 after purchasing an additional 1,137 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Waste Connections in a research note on Wednesday. Citigroup dropped their price objective on Waste Connections from $204.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. National Bankshares dropped their price objective on Waste Connections from $211.00 to $196.00 and set an “outperform” rating for the company in a research note on Tuesday. Royal Bank Of Canada dropped their price objective on Waste Connections from $221.00 to $219.00 and set an “outperform” rating for the company in a research note on Friday, July 25th. Finally, Raymond James Financial set a $213.00 price objective on Waste Connections and gave the stock a “strong-buy” rating in a research note on Monday. Five equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $211.73.

Waste Connections Price Performance

Shares of WCN stock opened at $173.67 on Thursday. The stock’s fifty day moving average is $180.25 and its 200-day moving average is $187.00. 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 stock has a market capitalization of $44.56 billion, a PE ratio of 70.03, a PEG ratio of 3.14 and a beta of 0.62. Waste Connections, Inc. has a 52 week low of $169.36 and a 52 week high of $201.66.

Waste Connections (NYSE:WCN) last posted 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. The business had revenue of $2.41 billion for 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 firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 earnings per share. 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. Stockholders of record on Wednesday, August 6th were given a dividend of $0.315 per share. The ex-dividend date of this dividend 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 (DPR) is currently 50.81%.

Waste Connections 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.