Waste Connections, Inc. $WCN Shares Sold by 1248 Management LLC

1248 Management LLC decreased its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 14.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,952 shares of the business services provider’s stock after selling 845 shares during the quarter. 1248 Management LLC’s holdings in Waste Connections were worth $967,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Ramirez Asset Management Inc. boosted its holdings in shares of Waste Connections by 122.0% in the 1st quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Waste Connections by 994.4% during the first quarter. Larson Financial Group LLC now owns 197 shares of the business services provider’s stock worth $38,000 after buying an additional 179 shares in the last quarter. Global Financial Private Client LLC boosted its holdings in Waste Connections by 890.0% during the first quarter. Global Financial Private Client LLC now owns 198 shares of the business services provider’s stock worth $39,000 after buying an additional 178 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in Waste Connections by 232.3% during the first quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 151 shares in the last quarter. Finally, Louisbourg Investments Inc. lifted its holdings in Waste Connections by 128.6% during the first quarter. Louisbourg Investments Inc. now owns 240 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Stock Up 1.0%

Shares of NYSE:WCN opened at $178.04 on Friday. The firm has a 50 day simple moving average of $184.22 and a 200-day simple moving average of $188.83. The company has a market capitalization of $45.78 billion, a PE ratio of 71.79, a P/E/G ratio of 3.18 and a beta of 0.61. Waste Connections, Inc. has a twelve month low of $169.36 and a twelve month high of $201.66. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Waste Connections had a net margin of 6.97% and a return on equity of 15.72%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 EPS. Waste Connections has set its FY 2025 guidance at EPS. On average, equities analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Wednesday, August 6th were issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 6th. Waste Connections’s payout ratio is presently 50.81%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WCN. National Bank Financial raised shares of Waste Connections to a “strong-buy” rating in a report on Monday, May 26th. Melius initiated coverage on shares of Waste Connections in a research report on Monday, June 9th. They set a “buy” rating for the company. Citigroup dropped their price target on shares of Waste Connections from $208.00 to $204.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Raymond James Financial dropped their price target on shares of Waste Connections from $224.00 to $211.00 and set a “strong-buy” rating for the company in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada dropped their price objective 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. Five research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $215.00.

About Waste Connections

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.