Trifecta Capital Advisors LLC Takes $147,000 Position in Waste Connections, Inc. $WCN

Trifecta Capital Advisors LLC bought a new position in Waste Connections, Inc. (NYSE:WCN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 787 shares of the business services provider’s stock, valued at approximately $147,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WCN. Nuveen LLC acquired a new position in Waste Connections in the 1st quarter worth $623,155,000. Vanguard Group Inc. boosted its stake in Waste Connections by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 30,247,244 shares of the business services provider’s stock worth $5,901,049,000 after purchasing an additional 954,242 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in Waste Connections by 195.0% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,153,530 shares of the business services provider’s stock worth $224,961,000 after purchasing an additional 762,468 shares during the period. Goldman Sachs Group Inc. boosted its stake in Waste Connections by 45.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,621,661 shares of the business services provider’s stock worth $316,532,000 after purchasing an additional 502,986 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in Waste Connections by 56.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,147,904 shares of the business services provider’s stock worth $223,779,000 after purchasing an additional 413,212 shares during the period. 86.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WCN has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Waste Connections in a research note on Wednesday. Barclays initiated coverage on shares of Waste Connections in a research note on Friday, September 19th. They set an “equal weight” rating and a $192.00 price objective for the company. Royal Bank Of Canada reduced their price objective on shares of Waste Connections from $221.00 to $219.00 and set an “outperform” rating for the company in a research note on Friday, July 25th. Raymond James Financial set a $213.00 price objective on shares of Waste Connections and gave the stock a “strong-buy” rating in a research note on Monday. Finally, Citigroup dropped their target price on shares of Waste Connections from $204.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Five equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $211.73.

Waste Connections Stock Up 0.1%

Waste Connections stock opened at $173.67 on Thursday. The stock has a market cap of $44.56 billion, a P/E ratio of 70.03, a P/E/G ratio of 3.14 and a beta of 0.62. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00. Waste Connections, Inc. has a twelve month low of $169.36 and a twelve month high of $201.66. The company’s 50-day moving average price is $180.25 and its two-hundred day moving average price is $187.00.

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

Waste Connections Announces Dividend

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