Oliver Lagore Vanvalin Investment Group Buys New Stake in Waste Connections, Inc. $WCN

Oliver Lagore Vanvalin Investment Group bought a new stake in Waste Connections, Inc. (NYSE:WCN) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 9,564 shares of the business services provider’s stock, valued at approximately $1,867,000.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Waste Connections by 3.3% in the first quarter. Vanguard Group Inc. now owns 30,247,244 shares of the business services provider’s stock valued at $5,901,049,000 after buying an additional 954,242 shares during the last quarter. WCM Investment Management LLC boosted its stake in Waste Connections by 0.3% in the first quarter. WCM Investment Management LLC now owns 6,383,780 shares of the business services provider’s stock valued at $1,230,984,000 after acquiring an additional 18,400 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Waste Connections by 5.8% in the first quarter. Mackenzie Financial Corp now owns 4,575,547 shares of the business services provider’s stock valued at $892,023,000 after acquiring an additional 250,684 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Waste Connections by 2.7% in the first quarter. 1832 Asset Management L.P. now owns 3,863,120 shares of the business services provider’s stock valued at $754,042,000 after acquiring an additional 100,716 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in Waste Connections by 3.3% in the first quarter. TD Asset Management Inc now owns 3,819,259 shares of the business services provider’s stock valued at $744,420,000 after acquiring an additional 120,752 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on WCN shares. Melius Research upgraded shares of Waste Connections to a “strong-buy” rating and set a $213.00 price objective for the company in a research note on Monday, June 9th. CIBC restated an “outperform” rating on shares of Waste Connections in a research note on Friday, July 25th. Atb Cap Markets upgraded shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Waste Connections from $197.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, May 23rd. Finally, Oppenheimer upped their price objective on shares of Waste Connections from $216.00 to $218.00 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. Five analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Waste Connections presently has an average rating of “Buy” and a consensus target price of $214.62.

Waste Connections Stock Up 1.2%

WCN opened at $175.46 on Friday. The business has a 50 day moving average price of $183.56 and a two-hundred day moving average price of $188.34. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00. The company has a market cap of $45.11 billion, a PE ratio of 70.75, a P/E/G ratio of 3.13 and a beta of 0.61. Waste Connections, Inc. has a 52 week low of $169.36 and a 52 week high of $201.66.

Waste Connections (NYSE:WCN) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. Waste Connections had a return on equity of 15.72% and a net margin of 6.97%.The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the business earned $1.24 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. Waste Connections has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Wednesday, August 6th were given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, August 6th. Waste Connections’s dividend payout ratio (DPR) is 50.81%.

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.