Waste Connections, Inc. $WCN Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 534,779 shares of the business services provider’s stock after acquiring an additional 269 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Waste Connections were worth $101,072,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Waste Connections by 3.3% during the first quarter. Vanguard Group Inc. now owns 30,247,244 shares of the business services provider’s stock valued at $5,901,049,000 after buying an additional 954,242 shares during the period. WCM Investment Management LLC lifted its stake in shares of Waste Connections by 1.8% during the second quarter. WCM Investment Management LLC now owns 6,501,719 shares of the business services provider’s stock valued at $1,208,669,000 after buying an additional 117,939 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Waste Connections by 5.8% during the first quarter. Mackenzie Financial Corp now owns 4,575,547 shares of the business services provider’s stock valued at $892,023,000 after buying an additional 250,684 shares during the period. TD Asset Management Inc lifted its stake in shares of Waste Connections by 3.2% during the second quarter. TD Asset Management Inc now owns 3,942,989 shares of the business services provider’s stock valued at $735,169,000 after buying an additional 123,730 shares during the period. Finally, 1832 Asset Management L.P. lifted its stake 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 valued at $754,042,000 after buying an additional 100,716 shares during the period. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Performance

Shares of WCN stock opened at $174.01 on Tuesday. Waste Connections, Inc. has a one year low of $169.36 and a one year high of $201.66. 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 company has a 50 day moving average price of $177.70 and a 200 day moving average price of $185.67. The firm has a market capitalization of $44.65 billion, a price-to-earnings ratio of 70.17, a price-to-earnings-growth ratio of 3.15 and a beta of 0.62.

Waste Connections (NYSE:WCN) last issued its quarterly 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 net margin of 6.97% and a return on equity of 15.72%. The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the business posted $1.24 earnings per share. Waste Connections’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. Sell-side analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Wednesday, August 6th were issued a dividend of $0.315 per share. The ex-dividend date was Wednesday, August 6th. This represents a $1.26 annualized dividend and a dividend yield of 0.7%. Waste Connections’s payout ratio is presently 50.81%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WCN shares. Oppenheimer reduced their price objective on shares of Waste Connections from $210.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 8th. Atb Cap Markets raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. CIBC reissued an “outperform” rating on shares of Waste Connections in a research note on Friday, July 25th. National Bankshares dropped their price target on shares of 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 analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $210.38.

About Waste Connections

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.