Aviso Financial Inc. Acquires 5,117 Shares of Waste Connections, Inc. $WCN

Aviso Financial Inc. grew its holdings in Waste Connections, Inc. (NYSE:WCN) by 11.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,112 shares of the business services provider’s stock after purchasing an additional 5,117 shares during the quarter. Aviso Financial Inc.’s holdings in Waste Connections were worth $9,359,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of WCN. Cetera Investment Advisers raised its stake in Waste Connections by 32.7% in the first quarter. Cetera Investment Advisers now owns 20,041 shares of the business services provider’s stock worth $3,907,000 after buying an additional 4,933 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Waste Connections by 48.9% in the 1st quarter. Assetmark Inc. now owns 767 shares of the business services provider’s stock valued at $150,000 after acquiring an additional 252 shares during the period. Pacer Advisors Inc. raised its position in shares of Waste Connections by 3.0% in the 1st quarter. Pacer Advisors Inc. now owns 2,289 shares of the business services provider’s stock worth $447,000 after acquiring an additional 66 shares in the last quarter. LPL Financial LLC raised its position in shares of Waste Connections by 8.9% in the 1st quarter. LPL Financial LLC now owns 47,432 shares of the business services provider’s stock worth $9,258,000 after acquiring an additional 3,868 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Waste Connections by 5.8% during the 1st quarter. Mackenzie Financial Corp now owns 4,575,547 shares of the business services provider’s stock worth $892,023,000 after purchasing an additional 250,684 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Insider Activity

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

Waste Connections Stock Down 1.1%

Shares of WCN stock opened at $173.30 on Tuesday. Waste Connections, Inc. has a fifty-two week low of $163.27 and a fifty-two week high of $201.66. The firm has a market capitalization of $44.34 billion, a PE ratio of 72.21, a P/E/G ratio of 3.17 and a beta of 0.60. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.67 and a current ratio of 0.67. The stock’s 50-day simple moving average is $171.91 and its 200-day simple moving average is $181.43.

Waste Connections (NYSE:WCN) last released its earnings results on Tuesday, October 21st. The business services provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates 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 revenue was up 5.1% compared to the same quarter last year. Waste Connections has set its FY 2025 guidance at EPS. Equities analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Wednesday, November 5th were paid a $0.35 dividend. The ex-dividend date was Wednesday, November 5th. This is an increase 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%. Waste Connections’s dividend payout ratio (DPR) is currently 58.33%.

Analyst Ratings Changes

Several research firms have issued reports on WCN. Stifel Nicolaus cut their target price on Waste Connections from $221.00 to $218.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Waste Connections in a report on Wednesday, October 8th. UBS Group set a $195.00 price objective on shares of Waste Connections and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. National Bankshares lowered 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 note on Tuesday, October 7th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $210.00 price target on shares of Waste Connections in a report on Thursday, October 23rd. Five investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Waste Connections presently has a consensus rating of “Buy” and a consensus target price of $208.32.

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.