Farther Finance Advisors LLC Raises Stock Holdings in Waste Connections, Inc. $WCN

Farther Finance Advisors LLC boosted its position in Waste Connections, Inc. (NYSE:WCN) by 153.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 600 shares of the business services provider’s stock after purchasing an additional 363 shares during the period. Farther Finance Advisors LLC’s holdings in Waste Connections were worth $112,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Checchi Capital Advisers LLC lifted its holdings in shares of Waste Connections by 4.6% in the 1st quarter. Checchi Capital Advisers LLC now owns 1,278 shares of the business services provider’s stock worth $249,000 after buying an additional 56 shares during the period. MWA Asset Management lifted its holdings in shares of Waste Connections by 1.2% in the 1st quarter. MWA Asset Management now owns 4,783 shares of the business services provider’s stock worth $934,000 after buying an additional 57 shares during the period. Tranquility Partners LLC lifted its holdings in shares of Waste Connections by 1.4% in the 1st quarter. Tranquility Partners LLC now owns 4,354 shares of the business services provider’s stock worth $850,000 after buying an additional 58 shares during the period. MAI Capital Management lifted its holdings in shares of Waste Connections by 6.0% in the 1st quarter. MAI Capital Management now owns 1,116 shares of the business services provider’s stock worth $218,000 after buying an additional 63 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Waste Connections by 29.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 283 shares of the business services provider’s stock worth $55,000 after buying an additional 64 shares during the period. Institutional investors own 86.09% of the company’s stock.

Waste Connections Price Performance

Shares of NYSE WCN opened at $174.30 on Friday. 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 stock has a fifty day moving average price of $181.16 and a 200 day moving average price of $187.34. Waste Connections, Inc. has a 1-year low of $169.36 and a 1-year high of $201.66. The company has a market cap of $44.72 billion, a PE ratio of 70.28, a P/E/G ratio of 3.13 and a beta of 0.62.

Waste Connections (NYSE:WCN) last released 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 company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. Waste Connections had a return on equity of 15.72% and a net margin of 6.97%.Waste Connections’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share. Waste Connections has set its FY 2025 guidance at EPS. Sell-side analysts forecast 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. Shareholders of record on Wednesday, August 6th were issued a $0.315 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $1.26 annualized dividend and a yield of 0.7%. Waste Connections’s payout ratio is 50.81%.

Analyst Ratings Changes

Several research firms have recently commented on WCN. CIBC reiterated an “outperform” rating on shares of Waste Connections in a research note on Friday, July 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Waste Connections in a research report on Saturday, September 27th. Citigroup cut their price target on shares of Waste Connections from $204.00 to $199.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Melius started coverage on shares of Waste Connections in a report on Monday, June 9th. They set a “buy” rating for the company. Finally, Barclays initiated coverage on shares of Waste Connections in a report on Friday, September 19th. They set an “equal weight” rating and a $192.00 target price for the company. Five analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Waste Connections currently has an average rating of “Buy” and a consensus target price of $213.64.

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.