Vontobel Holding Ltd. Has $638,000 Position in Waste Connections, Inc. $WCN

Vontobel Holding Ltd. reduced its holdings in Waste Connections, Inc. (NYSE:WCN) by 13.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,411 shares of the business services provider’s stock after selling 541 shares during the period. Vontobel Holding Ltd.’s holdings in Waste Connections were worth $638,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC increased its stake in Waste Connections by 37.3% in the 1st quarter. DAVENPORT & Co LLC now owns 1,796 shares of the business services provider’s stock valued at $350,000 after buying an additional 488 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Waste Connections by 89.5% during the 1st quarter. Private Trust Co. NA now owns 288 shares of the business services provider’s stock worth $56,000 after purchasing an additional 136 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Waste Connections by 19.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,069 shares of the business services provider’s stock worth $1,379,000 after purchasing an additional 1,137 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Waste Connections by 41.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,710 shares of the business services provider’s stock worth $3,843,000 after purchasing an additional 5,733 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of Waste Connections during the 1st quarter worth about $3,281,000. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on WCN shares. Stifel Nicolaus initiated coverage on shares of Waste Connections in a report on Tuesday, September 30th. They set a “buy” rating and a $221.00 target price for the company. CIBC reaffirmed an “outperform” rating on shares of Waste Connections in a report on Friday, July 25th. Royal Bank Of Canada cut their price target on shares of Waste Connections from $221.00 to $219.00 and set an “outperform” rating for the company in a report on Friday, July 25th. Oppenheimer dropped their price objective on shares of Waste Connections from $210.00 to $205.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. Finally, Citigroup dropped their price objective on shares of Waste Connections from $204.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Five research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Waste Connections presently has a consensus rating of “Buy” and a consensus price target of $211.73.

Waste Connections Trading Down 0.4%

NYSE:WCN opened at $172.19 on Tuesday. The firm has a market cap of $44.18 billion, a P/E ratio of 69.43, a P/E/G ratio of 3.15 and a beta of 0.62. Waste Connections, Inc. has a 52 week low of $169.36 and a 52 week high of $201.66. The firm’s fifty day moving average is $179.32 and its 200-day moving average is $186.49. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.04. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. Waste Connections had a net margin of 6.97% and a return on equity of 15.72%. Waste Connections’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 earnings per share. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Wednesday, August 6th were paid 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 yield of 0.7%. Waste Connections’s dividend payout ratio is currently 50.81%.

About Waste Connections

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.