Railway Pension Investments Ltd Has $7.82 Million Holdings in Waste Connections, Inc. $WCN

Railway Pension Investments Ltd grew its holdings in Waste Connections, Inc. (NYSE:WCN) by 17.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,900 shares of the business services provider’s stock after acquiring an additional 6,100 shares during the quarter. Railway Pension Investments Ltd’s holdings in Waste Connections were worth $7,824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. MWA Asset Management raised its stake in Waste Connections by 1.2% during the 1st quarter. MWA Asset Management now owns 4,783 shares of the business services provider’s stock valued at $934,000 after purchasing an additional 57 shares during the last quarter. Lido Advisors LLC grew its position in Waste Connections by 2.1% in the 2nd quarter. Lido Advisors LLC now owns 2,949 shares of the business services provider’s stock worth $551,000 after purchasing an additional 61 shares during the last quarter. MAI Capital Management increased its holdings in shares of Waste Connections by 6.0% during the 1st quarter. MAI Capital Management now owns 1,116 shares of the business services provider’s stock worth $218,000 after purchasing an additional 63 shares during the period. ICONIQ Capital LLC raised its position in shares of Waste Connections by 3.7% during the first quarter. ICONIQ Capital LLC now owns 1,897 shares of the business services provider’s stock valued at $370,000 after buying an additional 68 shares during the last quarter. Finally, LWM Advisory Services LLC raised its position in shares of Waste Connections by 2.5% during the first quarter. LWM Advisory Services LLC now owns 3,034 shares of the business services provider’s stock valued at $591,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WCN shares. Citigroup lowered their price target on Waste Connections from $199.00 to $196.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Barclays reissued a “negative” rating on shares of Waste Connections in a report on Thursday, October 23rd. Raymond James Financial set a $213.00 target price on Waste Connections and gave the company a “strong-buy” rating in a research note 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 research note on Thursday, October 23rd. Finally, UBS Group set a $195.00 price target on shares of Waste Connections and gave the company a “neutral” rating in a report on Thursday, October 23rd. Five research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $208.32.

Waste Connections Price Performance

NYSE:WCN opened at $176.55 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.07. The firm has a market cap of $45.17 billion, a PE ratio of 73.56, a price-to-earnings-growth ratio of 3.17 and a beta of 0.60. Waste Connections, Inc. has a 12 month low of $163.27 and a 12 month high of $201.66. The company’s 50-day moving average price is $172.12 and its two-hundred day moving average price is $181.11.

Waste Connections (NYSE:WCN) last posted its earnings results on Tuesday, October 21st. The business services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.06. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Waste Connections had a net margin of 6.65% and a return on equity of 16.07%. Waste Connections’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 earnings per share. Waste Connections has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Wednesday, November 5th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, November 5th. This is a positive change from Waste Connections’s previous quarterly dividend of $0.32. Waste Connections’s dividend payout ratio is presently 58.33%.

Insider Buying and Selling

In other news, Director Edward E. Guillet sold 9,000 shares of the stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $174.44, for a total transaction of $1,569,960.00. Following the sale, the director owned 14,883 shares in the company, valued at approximately $2,596,190.52. This represents a 37.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.

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.