Waratah Capital Advisors Ltd. Has $16.80 Million Holdings in Waste Connections, Inc. $WCN

Waratah Capital Advisors Ltd. decreased its position in shares of Waste Connections, Inc. (NYSE:WCN) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,983 shares of the business services provider’s stock after selling 12,425 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Waste Connections were worth $16,802,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Ramirez Asset Management Inc. raised 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 buying an additional 100 shares in the last quarter. Larson Financial Group LLC increased its stake in Waste Connections by 994.4% in the first quarter. Larson Financial Group LLC now owns 197 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 179 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in Waste Connections during the second quarter valued at approximately $51,000. Marshall & Sullivan Inc. WA bought a new stake in Waste Connections during the second quarter worth $70,000. Finally, Valley National Advisers Inc. increased its stake in shares of Waste Connections by 83.3% in the 2nd quarter. Valley National Advisers Inc. now owns 396 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 180 shares during the last quarter. 86.09% of the stock is owned by institutional investors.

Waste Connections Price Performance

Shares of NYSE:WCN opened at $168.76 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.67 and a current ratio of 0.67. Waste Connections, Inc. has a 52 week low of $163.27 and a 52 week high of $201.66. The firm has a market cap of $43.21 billion, a PE ratio of 70.32, a price-to-earnings-growth ratio of 3.17 and a beta of 0.60. The firm’s fifty day moving average is $172.38 and its 200-day moving average is $182.56.

Waste Connections (NYSE:WCN) last announced its earnings results on Tuesday, October 21st. The business services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.06. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates 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 last year, the company earned $1.35 EPS. Waste Connections has set its FY 2025 guidance at EPS. Sell-side analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Wednesday, November 5th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, November 5th. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. This is a boost from Waste Connections’s previous quarterly dividend of $0.32. Waste Connections’s payout ratio is currently 58.33%.

Analyst Ratings Changes

Several brokerages recently weighed in on WCN. UBS Group set a $195.00 price objective on Waste Connections and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Raymond James Financial set a $213.00 target price on shares of Waste Connections and gave the stock a “strong-buy” rating in a report on Monday, October 6th. Stifel Nicolaus decreased their price target on shares of Waste Connections from $221.00 to $218.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Citigroup lowered their price objective on shares of Waste Connections from $199.00 to $196.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. Finally, Scotiabank restated an “outperform” rating and issued a $210.00 target price on shares of Waste Connections in a research report on Thursday, October 23rd. Five investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Waste Connections currently has an average rating of “Buy” and a consensus target price of $208.67.

Insider Transactions at Waste Connections

In related news, Director Edward E. Guillet sold 9,000 shares of the business’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $174.44, for a total value of $1,569,960.00. Following the transaction, the director owned 14,883 shares in the company, valued at $2,596,190.52. The trade was a 37.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.28% of the company’s stock.

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.