Praxis Investment Management Inc. Has $424,000 Stock Holdings in Waste Connections, Inc. $WCN

Praxis Investment Management Inc. cut its holdings in Waste Connections, Inc. (NYSE:WCN) by 47.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,270 shares of the business services provider’s stock after selling 2,080 shares during the quarter. Praxis Investment Management Inc.’s holdings in Waste Connections were worth $424,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Ramirez Asset Management Inc. grew its position in shares of 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 period. Larson Financial Group LLC grew its position in shares of 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 period. Valley National Advisers Inc. grew its position in shares of 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 period. Trust Co. of Toledo NA OH acquired a new position in shares of Waste Connections in the 2nd quarter valued at approximately $51,000. Finally, Hexagon Capital Partners LLC boosted its position in Waste Connections by 29.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 283 shares of the business services provider’s stock worth $55,000 after acquiring an additional 64 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on WCN. CIBC reaffirmed an “outperform” rating on shares of Waste Connections in a research report on Friday, July 25th. Raymond James Financial set a $213.00 price target on Waste Connections and gave the stock a “strong-buy” rating in a research report on Monday, October 6th. Oppenheimer reduced their price target on Waste Connections from $210.00 to $205.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. National Bankshares reduced their price target on Waste Connections from $211.00 to $196.00 and set an “outperform” rating for the company in a research report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waste Connections in a research report on Wednesday, October 8th. Five investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $210.38.

Waste Connections Trading Up 1.1%

NYSE WCN opened at $172.68 on Friday. The company has a market cap of $44.31 billion, a PE ratio of 69.63, a PEG ratio of 3.15 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 12 month low of $169.36 and a 12 month high of $201.66. The stock has a 50 day moving average of $178.03 and a 200-day moving average of $185.87.

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

Waste Connections Dividend Announcement

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