Waste Connections, Inc. $WCN Shares Sold by Cassia Capital Partners LLC

Cassia Capital Partners LLC trimmed its position in Waste Connections, Inc. (NYSE:WCN) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,576 shares of the business services provider’s stock after selling 79 shares during the quarter. Cassia Capital Partners LLC’s holdings in Waste Connections were worth $1,040,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WCN. Checchi Capital Advisers LLC lifted its holdings in Waste Connections by 4.6% in the first quarter. Checchi Capital Advisers LLC now owns 1,278 shares of the business services provider’s stock valued at $249,000 after acquiring an additional 56 shares during the last quarter. MWA Asset Management increased its position in shares of 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 purchasing an additional 57 shares during the last quarter. Tranquility Partners LLC raised its holdings in Waste Connections by 1.4% in the 1st quarter. Tranquility Partners LLC now owns 4,354 shares of the business services provider’s stock valued at $850,000 after buying an additional 58 shares during the period. MAI Capital Management lifted its position in Waste Connections by 6.0% in the first quarter. MAI Capital Management now owns 1,116 shares of the business services provider’s stock valued at $218,000 after buying an additional 63 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its position in Waste Connections by 29.2% in the first quarter. Hexagon Capital Partners LLC now owns 283 shares of the business services provider’s stock valued at $55,000 after buying an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Trading Up 0.1%

NYSE:WCN opened at $172.17 on Thursday. The stock has a fifty day moving average price of $182.69 and a 200 day moving average price of $187.90. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00. Waste Connections, Inc. has a 12-month low of $169.36 and a 12-month high of $201.66. The firm has a market cap of $44.18 billion, a PE ratio of 69.42, a price-to-earnings-growth ratio of 3.10 and a beta of 0.61.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share (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 business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the business posted $1.24 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Waste Connections has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Wednesday, August 6th were given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 6th. Waste Connections’s dividend payout ratio is currently 50.81%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WCN shares. Royal Bank Of Canada decreased their price objective on shares of Waste Connections from $221.00 to $219.00 and set an “outperform” rating on the stock in a report on Friday, July 25th. Atb Cap Markets upgraded Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. CIBC reaffirmed an “outperform” rating on shares of Waste Connections in a research note on Friday, July 25th. Oppenheimer boosted their price objective on Waste Connections from $216.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, July 9th. Finally, Raymond James Financial lowered their target price on Waste Connections from $224.00 to $211.00 and set a “strong-buy” rating for the company in a report on Tuesday, July 22nd. Five research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $213.00.

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.