World Investment Advisors Purchases New Position in Waste Connections, Inc. $WCN

World Investment Advisors acquired a new position in Waste Connections, Inc. (NYSE:WCN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,119 shares of the business services provider’s stock, valued at approximately $396,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DAVENPORT & Co LLC boosted its holdings in shares of Waste Connections by 37.3% in the first quarter. DAVENPORT & Co LLC now owns 1,796 shares of the business services provider’s stock worth $350,000 after acquiring an additional 488 shares during the period. Private Trust Co. NA boosted its stake in Waste Connections by 89.5% in the 1st quarter. Private Trust Co. NA now owns 288 shares of the business services provider’s stock worth $56,000 after purchasing an additional 136 shares during the period. First Horizon Advisors Inc. grew its holdings in Waste Connections by 23.2% during the 1st quarter. First Horizon Advisors Inc. now owns 462 shares of the business services provider’s stock valued at $90,000 after buying an additional 87 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Waste Connections by 2.7% during the first quarter. OneDigital Investment Advisors LLC now owns 3,343 shares of the business services provider’s stock valued at $653,000 after buying an additional 87 shares during the period. Finally, Cloud Capital Management LLC purchased a new stake in shares of Waste Connections in the first quarter worth about $72,000. Institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Atb Cap Markets raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Oppenheimer boosted their price target on shares of Waste Connections from $205.00 to $206.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Scotiabank reiterated an “outperform” rating and issued a $210.00 price objective on shares of Waste Connections in a research report on Thursday, October 23rd. National Bankshares dropped their target price on shares of Waste Connections from $211.00 to $196.00 and set an “outperform” rating for the company in a research report on Tuesday, October 7th. Finally, Raymond James Financial set a $213.00 target price on shares of Waste Connections and gave the stock a “strong-buy” rating in a research report on Monday, October 6th. Five investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $210.63.

Insider Activity at Waste Connections

In related news, Director Edward E. Guillet sold 9,000 shares of the company’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $174.44, for a total transaction of $1,569,960.00. Following the completion of the sale, the director directly owned 14,883 shares in the company, valued at $2,596,190.52. This represents a 37.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.28% of the stock is currently owned by insiders.

Waste Connections Stock Performance

Waste Connections stock opened at $165.67 on Tuesday. The firm has a fifty day simple moving average of $175.16 and a two-hundred day simple moving average of $184.28. Waste Connections, Inc. has a twelve month low of $164.37 and a twelve month high of $201.66. The company has a market capitalization of $42.42 billion, a PE ratio of 69.03, a P/E/G ratio of 3.17 and a beta of 0.62. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.07.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Tuesday, October 21st. The business services provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.38 by $0.06. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. Waste Connections had a return on equity of 16.07% and a net margin of 6.65%.The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 earnings per share. Waste Connections has set its FY 2025 guidance at EPS. Research analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current 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 issued a $0.35 dividend. This is a positive change from Waste Connections’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 5th. Waste Connections’s dividend payout ratio (DPR) is 58.33%.

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.