Swiss National Bank Has $146.04 Million Stock Position in Waste Connections, Inc. $WCN

Swiss National Bank increased its holdings in Waste Connections, Inc. (NYSE:WCN) by 7.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 782,145 shares of the business services provider’s stock after acquiring an additional 54,400 shares during the period. Swiss National Bank’s holdings in Waste Connections were worth $146,042,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in WCN. Ramirez Asset Management Inc. boosted its stake in Waste Connections by 122.0% during the 1st quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new stake in shares of Waste Connections in the second quarter worth approximately $51,000. Marshall & Sullivan Inc. WA bought a new position in shares of Waste Connections in the second quarter valued at approximately $70,000. Valley National Advisers Inc. lifted its holdings in shares of Waste Connections by 83.3% in the second 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 in the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of Waste Connections during the first quarter valued at approximately $87,000. Institutional investors own 86.09% of the company’s stock.

Insider Activity at Waste Connections

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 completion of the transaction, the director owned 14,883 shares in the company, valued at approximately $2,596,190.52. This represents a 37.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on WCN. Citigroup lowered their price target on Waste Connections from $199.00 to $196.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. CIBC reiterated an “outperform” rating on shares of Waste Connections in a report 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 on the stock in a research report on Tuesday, October 7th. Barclays restated a “negative” rating on shares of Waste Connections in a report on Thursday, October 23rd. Finally, Raymond James Financial set a $213.00 price objective on shares of Waste Connections and gave the stock a “strong-buy” rating in a research report on Monday, October 6th. Five analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $208.67.

Waste Connections Stock Up 1.1%

WCN opened at $175.38 on Friday. Waste Connections, Inc. has a twelve month low of $163.27 and a twelve month high of $201.66. The company’s 50-day moving average price is $171.96 and its two-hundred day moving average price is $181.82. The stock has a market cap of $44.87 billion, a price-to-earnings ratio of 73.08, a PEG ratio of 3.17 and a beta of 0.60. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.07.

Waste Connections (NYSE:WCN) last issued its quarterly 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 company had revenue of $2.47 billion during the quarter, compared to analyst estimates 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 last year, the business posted $1.35 EPS. Waste Connections has set its FY 2025 guidance at EPS. As a group, equities analysts expect 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 was paid on Thursday, November 20th. Shareholders of record on Wednesday, November 5th were paid a $0.35 dividend. The ex-dividend date was Wednesday, November 5th. This is a boost from Waste Connections’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. Waste Connections’s dividend payout ratio is presently 58.33%.

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.