MGO One Seven LLC Raises Stake in Waste Connections, Inc. $WCN

MGO One Seven LLC boosted its position in Waste Connections, Inc. (NYSE:WCN) by 14.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,291 shares of the business services provider’s stock after buying an additional 905 shares during the period. MGO One Seven LLC’s holdings in Waste Connections were worth $1,361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of WCN. Wealth Enhancement Advisory Services LLC boosted its position in Waste Connections by 19.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,069 shares of the business services provider’s stock valued at $1,379,000 after buying an additional 1,137 shares during the last quarter. QRG Capital Management Inc. boosted its position in Waste Connections by 5.3% in the first quarter. QRG Capital Management Inc. now owns 16,188 shares of the business services provider’s stock valued at $3,159,000 after buying an additional 815 shares during the last quarter. Grove Bank & Trust boosted its position in Waste Connections by 34.1% in the first quarter. Grove Bank & Trust now owns 495 shares of the business services provider’s stock valued at $97,000 after buying an additional 126 shares during the last quarter. Berkshire Bank purchased a new stake in Waste Connections in the first quarter valued at approximately $200,000. Finally, Merrion Investment Management Co LLC boosted its position in Waste Connections by 15.4% in the first quarter. Merrion Investment Management Co LLC now owns 1,500 shares of the business services provider’s stock valued at $293,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Trading Down 1.5%

Shares of NYSE:WCN opened at $169.90 on Thursday. Waste Connections, Inc. has a 1 year low of $169.36 and a 1 year high of $201.66. The firm has a market capitalization of $43.59 billion, a price-to-earnings ratio of 68.51, a price-to-earnings-growth ratio of 3.14 and a beta of 0.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.67 and a quick ratio of 0.67. The business’s 50 day moving average price is $178.68 and its 200-day moving average price is $186.28.

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

Waste Connections Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WCN shares. Stifel Nicolaus started coverage on Waste Connections in a research report on Tuesday, September 30th. They issued a “buy” rating and a $221.00 price objective on the stock. CIBC restated an “outperform” rating on shares of Waste Connections in a research report on Friday, July 25th. National Bankshares lowered their price objective on Waste Connections from $211.00 to $196.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 7th. Atb Cap Markets upgraded Waste Connections from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada lowered their price objective on Waste Connections from $221.00 to $219.00 and set an “outperform” rating on the stock in a research report on Friday, July 25th. Five equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $211.73.

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.