Appleton Partners Inc. MA Buys 419 Shares of Waste Connections, Inc. $WCN

Appleton Partners Inc. MA grew its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 0.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 49,805 shares of the business services provider’s stock after purchasing an additional 419 shares during the quarter. Appleton Partners Inc. MA’s holdings in Waste Connections were worth $9,300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. DAVENPORT & Co LLC increased its position in shares of Waste Connections by 15.3% during the 2nd quarter. DAVENPORT & Co LLC now owns 2,071 shares of the business services provider’s stock valued at $386,000 after purchasing an additional 275 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Waste Connections by 11.6% during the 2nd quarter. QRG Capital Management Inc. now owns 18,067 shares of the business services provider’s stock valued at $3,373,000 after purchasing an additional 1,879 shares during the last quarter. Ascent Group LLC increased its position in shares of Waste Connections by 326.3% during the 2nd quarter. Ascent Group LLC now owns 6,352 shares of the business services provider’s stock valued at $1,186,000 after purchasing an additional 4,862 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Waste Connections by 22.8% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,030 shares of the business services provider’s stock valued at $752,000 after purchasing an additional 747 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Waste Connections by 88.1% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,248 shares of the business services provider’s stock valued at $420,000 after purchasing an additional 1,053 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Trading Up 0.7%

WCN stock opened at $174.30 on Monday. Waste Connections, Inc. has a 1-year low of $169.36 and a 1-year high of $201.66. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $44.72 billion, a price-to-earnings ratio of 70.28, a PEG ratio of 3.15 and a beta of 0.62. The business has a 50 day simple moving average of $181.16 and a two-hundred day simple moving average of $187.29.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share for the quarter, topping 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 the consensus estimate of $2.39 billion. During the same period in the prior year, the company posted $1.24 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Waste Connections has set its FY 2025 guidance at EPS. Research analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup reduced their price target on shares of Waste Connections from $204.00 to $199.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. Barclays assumed coverage on shares of Waste Connections in a research report on Friday, September 19th. They set an “equal weight” rating and a $192.00 price target for the company. Scotiabank upped their price target on shares of Waste Connections from $202.00 to $208.00 and gave the company a “sector perform” rating in a research report on Friday, July 25th. CIBC reaffirmed an “outperform” rating on shares of Waste Connections in a research report on Friday, July 25th. Finally, Stifel Nicolaus began coverage on shares of Waste Connections in a report on Tuesday, September 30th. They issued a “buy” rating and a $221.00 target price for the company. Five investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $213.64.

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.