Waste Connections, Inc. $WCN Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC boosted its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,988 shares of the business services provider’s stock after buying an additional 143 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Waste Connections were worth $558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of WCN. Ramirez Asset Management Inc. increased its holdings in shares of Waste Connections by 122.0% in the first 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 period. Larson Financial Group LLC increased its holdings in shares of Waste Connections by 994.4% in the first quarter. Larson Financial Group LLC now owns 197 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 179 shares during the period. Valley National Advisers Inc. increased its holdings in shares of Waste Connections by 232.3% in 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 during the period. Trust Co. of Toledo NA OH acquired a new position in shares of Waste Connections in the second quarter valued at about $51,000. Finally, Hexagon Capital Partners LLC increased its holdings in shares of Waste Connections by 29.2% in the first quarter. Hexagon Capital Partners LLC now owns 283 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 64 shares during the period. 86.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WCN has been the topic of a number of research reports. UBS Group set a $195.00 price objective on Waste Connections and gave the company a “neutral” rating in a report on Thursday. Stifel Nicolaus dropped their target price on Waste Connections from $221.00 to $218.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Atb Cap Markets raised Waste Connections from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. National Bankshares dropped their target price on Waste Connections from $211.00 to $196.00 and set an “outperform” rating on the stock in a report on Tuesday, October 7th. Finally, Oppenheimer raised their target price on Waste Connections from $205.00 to $206.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Five analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $210.63.

Waste Connections Stock Down 1.1%

Shares of WCN opened at $174.91 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.07. Waste Connections, Inc. has a 12 month low of $169.36 and a 12 month high of $201.66. The stock’s 50 day moving average is $176.75 and its two-hundred day moving average is $185.27. The firm has a market cap of $44.88 billion, a P/E ratio of 72.88, a PEG ratio of 3.25 and a beta of 0.62.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Tuesday, October 21st. The business services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.38 by $0.06. Waste Connections had a return on equity of 16.07% and a net margin of 6.65%.The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the company earned $1.35 earnings per share. Waste Connections’s quarterly revenue was up 5.1% compared to the same quarter last year. Waste Connections has set its FY 2025 guidance at EPS. Analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Wednesday, November 5th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. This is a boost from Waste Connections’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, November 5th. Waste Connections’s dividend payout ratio (DPR) is 52.50%.

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.