TD Waterhouse Canada Inc. Has $71.54 Million Holdings in Waste Connections, Inc. $WCN

TD Waterhouse Canada Inc. grew its position in Waste Connections, Inc. (NYSE:WCN) by 19.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 385,079 shares of the business services provider’s stock after buying an additional 62,737 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.15% of Waste Connections worth $71,541,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in WCN. Nuveen LLC purchased a new stake in shares of Waste Connections in the 1st quarter valued at approximately $623,155,000. Vanguard Group Inc. raised its stake in 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 purchasing an additional 954,242 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Waste Connections by 195.0% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,153,530 shares of the business services provider’s stock valued at $224,961,000 after purchasing an additional 762,468 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its holdings in shares of Waste Connections by 46.6% in the second quarter. Montrusco Bolton Investments Inc. now owns 2,306,702 shares of the business services provider’s stock valued at $419,451,000 after purchasing an additional 732,718 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Waste Connections by 45.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,621,661 shares of the business services provider’s stock worth $316,532,000 after buying an additional 502,986 shares during the period. 86.09% of the stock is owned by hedge funds and other institutional investors.

Waste Connections Trading Up 1.8%

NYSE:WCN opened at $172.28 on Wednesday. The company has a market capitalization of $44.08 billion, a P/E ratio of 71.78, a P/E/G ratio of 3.17 and a beta of 0.60. The stock’s 50 day moving average price is $172.09 and its 200 day moving average price is $182.09. 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.

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

Waste Connections Increases Dividend

The firm 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 is a positive change from Waste Connections’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 0.8%. Waste Connections’s dividend payout ratio (DPR) is currently 58.33%.

Analyst Upgrades and Downgrades

WCN has been the topic of several recent analyst reports. Atb Cap Markets raised Waste Connections from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Waste Connections in a research report on Wednesday, October 8th. UBS Group set a $195.00 price target on shares of Waste Connections and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Oppenheimer boosted their price objective on shares of Waste Connections from $205.00 to $206.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Finally, Stifel Nicolaus cut their target price on shares of Waste Connections from $221.00 to $218.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Five investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Waste Connections presently has an average rating of “Buy” and an average price target of $208.67.

Insiders Place Their Bets

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 stock was sold at an average price of $174.44, for a total transaction of $1,569,960.00. Following the transaction, the director directly owned 14,883 shares in the company, valued at $2,596,190.52. This trade represents 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 the SEC website. 0.28% of the stock is currently owned by company insiders.

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.