American Century Companies Inc. Has $3.72 Million Stock Position in Waste Connections, Inc. $WCN

American Century Companies Inc. reduced its holdings in Waste Connections, Inc. (NYSE:WCN) by 9.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,056 shares of the business services provider’s stock after selling 1,923 shares during the period. American Century Companies Inc.’s holdings in Waste Connections were worth $3,720,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Ramirez Asset Management Inc. increased its position in 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 acquiring an additional 100 shares during the period. Larson Financial Group LLC grew its position in Waste Connections by 994.4% in the 1st quarter. Larson Financial Group LLC now owns 197 shares of the business services provider’s stock worth $38,000 after purchasing an additional 179 shares during the last quarter. Global Financial Private Client LLC increased its holdings in shares of Waste Connections by 890.0% during the 1st quarter. Global Financial Private Client LLC now owns 198 shares of the business services provider’s stock worth $39,000 after purchasing an additional 178 shares during the period. Valley National Advisers Inc. increased its holdings 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 purchasing an additional 151 shares during the period. Finally, Louisbourg Investments Inc. raised its position in shares of 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 buying an additional 135 shares during the last quarter. 86.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Seaport Res Ptn raised Waste Connections to a “strong-buy” rating in a research report on Tuesday, May 6th. Scotiabank raised their price objective on Waste Connections from $202.00 to $208.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. Raymond James Financial decreased their price objective on Waste Connections from $224.00 to $211.00 and set a “strong-buy” rating on the stock in a report on Tuesday, July 22nd. CIBC restated an “outperform” rating on shares of Waste Connections in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their target price on Waste Connections from $197.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, May 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Waste Connections presently has a consensus rating of “Buy” and an average target price of $215.00.

Waste Connections Trading Up 1.0%

WCN stock opened at $185.10 on Friday. Waste Connections, Inc. has a 1-year low of $169.36 and a 1-year 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. The business’s 50 day moving average is $185.14 and its 200-day moving average is $189.35. The firm has a market cap of $47.83 billion, a P/E ratio of 74.64, a P/E/G ratio of 3.33 and a beta of 0.58.

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

Waste Connections Announces Dividend

The company 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. 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 is presently 50.81%.

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.