Acadian Asset Management LLC Acquires 81,334 Shares of Waste Connections, Inc. $WCN

Acadian Asset Management LLC grew its position in Waste Connections, Inc. (NYSE:WCN) by 35.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 310,697 shares of the business services provider’s stock after acquiring an additional 81,334 shares during the quarter. Acadian Asset Management LLC owned 0.12% of Waste Connections worth $58,002,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WCN. MWA Asset Management lifted its position in Waste Connections by 1.2% during 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 in the last quarter. MAI Capital Management grew its holdings in shares of Waste Connections by 6.0% during the first 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 in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Waste Connections by 3.0% in the first quarter. Pacer Advisors Inc. now owns 2,289 shares of the business services provider’s stock valued at $447,000 after purchasing an additional 66 shares during the last quarter. ICONIQ Capital LLC raised its holdings in Waste Connections by 3.7% during the first quarter. ICONIQ Capital LLC now owns 1,897 shares of the business services provider’s stock worth $370,000 after acquiring an additional 68 shares in the last quarter. Finally, LWM Advisory Services LLC increased its holdings in Waste Connections by 2.5% during the first quarter. LWM Advisory Services LLC now owns 3,034 shares of the business services provider’s stock worth $591,000 after buying an additional 75 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Performance

NYSE:WCN opened at $166.08 on Monday. The company has a fifty day moving average of $173.80 and a 200-day moving average of $183.44. The firm has a market capitalization of $42.52 billion, a P/E ratio of 69.20, a P/E/G ratio of 3.17 and a beta of 0.60. 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, Inc. has a twelve month low of $164.37 and a twelve month high of $201.66.

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, 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 firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Waste Connections has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Wednesday, November 5th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.8%. This is an increase from Waste Connections’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, November 5th. Waste Connections’s dividend payout ratio is currently 58.33%.

Analyst Ratings Changes

A number of research analysts recently commented on WCN shares. CIBC reiterated an “outperform” rating on shares of Waste Connections in a research note on Friday, July 25th. UBS Group set a $195.00 price objective on shares of Waste Connections and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Stifel Nicolaus dropped their price objective on Waste Connections from $221.00 to $218.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Scotiabank reaffirmed an “outperform” rating and issued a $210.00 price objective on shares of Waste Connections in a research note on Thursday, October 23rd. Finally, Citigroup lowered their target price on Waste Connections from $199.00 to $196.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. Five research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $210.63.

Insider Activity at Waste Connections

In other news, Director Edward E. Guillet sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $174.44, for a total value of $1,569,960.00. Following the transaction, the director owned 14,883 shares in the company, valued at $2,596,190.52. The trade was a 37.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

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.