Sound View Wealth Advisors Group LLC Grows Holdings in Waste Connections, Inc. $WCN

Sound View Wealth Advisors Group LLC boosted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 30.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,738 shares of the business services provider’s stock after acquiring an additional 3,196 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Waste Connections were worth $2,565,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC bought a new position in shares of Waste Connections in the second quarter worth approximately $3,050,000. PCJ Investment Counsel Ltd. lifted its stake in shares of Waste Connections by 2.4% during the 2nd quarter. PCJ Investment Counsel Ltd. now owns 13,530 shares of the business services provider’s stock valued at $2,529,000 after buying an additional 320 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Waste Connections by 6.7% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 225,144 shares of the business services provider’s stock valued at $42,039,000 after buying an additional 14,227 shares in the last quarter. Aviva PLC boosted its holdings in Waste Connections by 31.0% in the 2nd quarter. Aviva PLC now owns 193,058 shares of the business services provider’s stock worth $36,048,000 after buying an additional 45,710 shares during the period. Finally, AGF Management Ltd. increased its stake in Waste Connections by 113.8% in the 2nd quarter. AGF Management Ltd. now owns 651,596 shares of the business services provider’s stock worth $121,716,000 after buying an additional 346,771 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Performance

NYSE:WCN opened at $166.08 on Friday. The firm has a market capitalization of $42.52 billion, a PE ratio of 69.20, a PEG ratio of 3.17 and a beta of 0.60. The stock’s fifty day moving average is $173.80 and its 200 day moving average is $183.53. Waste Connections, Inc. has a fifty-two week low of $164.37 and a fifty-two week high of $201.66. 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 (NYSE:WCN) last posted its quarterly earnings data on Tuesday, October 21st. The business services provider reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.06. Waste Connections had a net margin of 6.65% and a return on equity of 16.07%. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the business posted $1.35 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. Waste Connections has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Wednesday, November 5th will be given a $0.35 dividend. This is an increase from Waste Connections’s previous quarterly dividend of $0.32. 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%. Waste Connections’s dividend payout ratio is currently 58.33%.

Insider Transactions at Waste Connections

In other Waste Connections news, Director Edward E. Guillet sold 9,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director owned 14,883 shares of the company’s stock, valued at $2,596,190.52. This trade 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 available at this hyperlink. 0.28% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays reissued a “negative” rating on shares of Waste Connections in a report on Thursday, October 23rd. UBS Group set a $195.00 target price on Waste Connections and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada lowered their price target on Waste Connections from $221.00 to $219.00 and set an “outperform” rating on the stock in a report on Friday, July 25th. Citigroup dropped their price target on Waste Connections from $199.00 to $196.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. Finally, Atb Cap Markets upgraded shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Five investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $210.63.

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.