AG2R LA Mondiale Gestion D Actifs Takes Position in Waste Connections, Inc. $WCN

AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Waste Connections, Inc. (NYSE:WCN) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 10,964 shares of the business services provider’s stock, valued at approximately $2,161,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Waste Connections by 3.3% during the 1st 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 in the last quarter. WCM Investment Management LLC grew its holdings in Waste Connections by 0.3% in the 1st quarter. WCM Investment Management LLC now owns 6,383,780 shares of the business services provider’s stock worth $1,230,984,000 after acquiring an additional 18,400 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Waste Connections by 5.8% in the 1st quarter. Mackenzie Financial Corp now owns 4,575,547 shares of the business services provider’s stock worth $892,023,000 after acquiring an additional 250,684 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in Waste Connections by 2.7% in the 1st quarter. 1832 Asset Management L.P. now owns 3,863,120 shares of the business services provider’s stock worth $754,042,000 after acquiring an additional 100,716 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of Waste Connections by 3.3% during the 1st quarter. TD Asset Management Inc now owns 3,819,259 shares of the business services provider’s stock valued at $744,420,000 after purchasing an additional 120,752 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Melius Research raised shares of Waste Connections to a “strong-buy” rating and set a $213.00 target price on the stock in a research note on Monday, June 9th. Scotiabank lifted their price target on shares of Waste Connections from $202.00 to $208.00 and gave the company a “sector perform” rating in a research report on Friday, July 25th. Royal Bank Of Canada decreased their target price on shares of Waste Connections from $221.00 to $219.00 and set an “outperform” rating for the company in a report on Friday, July 25th. Oppenheimer lifted their target price on shares of Waste Connections from $216.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. Finally, Atb Cap Markets raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Five investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $215.00.

Waste Connections Stock Down 1.1%

WCN opened at $176.10 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average price of $184.14 and a 200-day moving average price of $188.74. Waste Connections, Inc. has a twelve month low of $169.36 and a twelve month high of $201.66. The stock has a market capitalization of $45.28 billion, a price-to-earnings ratio of 71.01, a PEG ratio of 3.21 and a beta of 0.61.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share for the quarter, beating 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 analysts’ expectations of $2.39 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Waste Connections has set its FY 2025 guidance at EPS. Equities research analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Wednesday, August 6th were given a $0.315 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $1.26 annualized dividend and a yield of 0.7%. Waste Connections’s dividend payout ratio (DPR) 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.