ABN Amro Investment Solutions Purchases Shares of 13,037 Waste Connections, Inc. $WCN

ABN Amro Investment Solutions bought a new position in shares of Waste Connections, Inc. (NYSE:WCN) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 13,037 shares of the business services provider’s stock, valued at approximately $2,434,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ramirez Asset Management Inc. boosted its position in shares of Waste Connections by 122.0% during the 1st 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 in the last quarter. Larson Financial Group LLC raised its holdings in shares of 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 acquiring an additional 179 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Waste Connections during the second quarter valued at approximately $51,000. Marshall & Sullivan Inc. WA bought a new stake in Waste Connections in the 2nd quarter worth about $70,000. Finally, Valley National Advisers Inc. increased its position in shares of Waste Connections by 83.3% during the second quarter. Valley National Advisers Inc. now owns 396 shares of the business services provider’s stock valued at $73,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Stock Performance

Shares of WCN opened at $168.76 on Friday. The business’s 50 day moving average price is $172.38 and its 200-day moving average price is $182.65. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.07. The stock has a market cap of $43.21 billion, a P/E ratio of 70.32, a P/E/G ratio of 3.17 and a beta of 0.60. Waste Connections, Inc. has a 52 week low of $163.27 and a 52 week high of $201.66.

Waste Connections (NYSE:WCN) last announced 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 net margin of 6.65% and a return on equity of 16.07%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the firm posted $1.35 EPS. Waste Connections’s revenue for the quarter was up 5.1% on a year-over-year basis. Waste Connections has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Wednesday, November 5th will be paid a $0.35 dividend. This is a boost from Waste Connections’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 5th. Waste Connections’s dividend payout ratio (DPR) is presently 58.33%.

Analysts Set New Price Targets

WCN has been the subject of a number of research reports. Sanford C. Bernstein initiated coverage on shares of Waste Connections in a research report on Wednesday. They set an “outperform” rating and a $200.00 target price for the company. Oppenheimer raised their price target on Waste Connections from $205.00 to $206.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Raymond James Financial set a $213.00 price target on Waste Connections and gave the company a “strong-buy” rating in a research report on Monday, October 6th. Barclays reaffirmed a “negative” rating on shares of Waste Connections in a research note on Thursday, October 23rd. Finally, CIBC reissued an “outperform” rating on shares of Waste Connections in a research note on Friday, July 25th. Five research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $208.67.

Insider Activity

In related news, Director Edward E. Guillet sold 9,000 shares of Waste Connections stock in a transaction 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 completion of the sale, the director owned 14,883 shares of the company’s stock, valued at $2,596,190.52. The trade was a 37.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.28% of the stock is currently owned by company insiders.

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.