Trifecta Capital Advisors LLC Invests $147,000 in Waste Connections, Inc. $WCN

Trifecta Capital Advisors LLC bought a new position in shares of Waste Connections, Inc. (NYSE:WCN) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 787 shares of the business services provider’s stock, valued at approximately $147,000.

Other hedge funds also recently made changes to their positions in the company. Ramirez Asset Management Inc. increased its holdings in shares of Waste Connections by 122.0% during the first quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider’s stock worth $36,000 after purchasing an additional 100 shares during the period. Larson Financial Group LLC boosted its position in shares of Waste Connections by 994.4% during the 1st quarter. Larson Financial Group LLC now owns 197 shares of the business services provider’s stock worth $38,000 after acquiring an additional 179 shares in the last quarter. Valley National Advisers Inc. boosted its position in shares of Waste Connections by 232.3% during the 1st quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider’s stock worth $41,000 after acquiring an additional 151 shares in the last quarter. Louisbourg Investments Inc. boosted its position in shares of Waste Connections by 128.6% during the 1st quarter. Louisbourg Investments Inc. now owns 240 shares of the business services provider’s stock worth $47,000 after acquiring an additional 135 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in shares of Waste Connections by 29.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 283 shares of the business services provider’s stock worth $55,000 after acquiring an additional 64 shares in the last quarter. 86.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WCN has been the topic of several analyst reports. Raymond James Financial set a $213.00 price target on shares of Waste Connections and gave the stock a “strong-buy” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Waste Connections in a research report on Wednesday. Oppenheimer cut their target price on shares of Waste Connections from $210.00 to $205.00 and set an “outperform” rating on the stock in a research report on Wednesday. Scotiabank raised their target price 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. Finally, CIBC restated an “outperform” rating on shares of Waste Connections in a research report on Friday, July 25th. Five investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $211.73.

Waste Connections Price Performance

WCN stock opened at $173.67 on Thursday. The company has a fifty day moving average price of $180.25 and a 200-day moving average price of $187.00. The company has a market capitalization of $44.56 billion, a P/E ratio of 70.03, a PEG ratio of 3.14 and a beta of 0.62. Waste Connections, Inc. has a 52-week low of $169.36 and a 52-week high of $201.66. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67.

Waste Connections (NYSE:WCN) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.04. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. Waste Connections had a net margin of 6.97% and a return on equity of 15.72%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 earnings per share. Waste Connections has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Wednesday, August 6th were paid a dividend of $0.315 per share. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $1.26 annualized dividend and a dividend 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.