Mattson Financial Services LLC Boosts Stake in Waste Connections, Inc. $WCN

Mattson Financial Services LLC increased its stake in shares of Waste Connections, Inc. (NYSE:WCNFree Report) by 24.4% in the second quarter, HoldingsChannel.com reports. The firm owned 11,787 shares of the business services provider’s stock after buying an additional 2,312 shares during the period. Mattson Financial Services LLC’s holdings in Waste Connections were worth $2,201,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Values First Advisors Inc. boosted its position in shares of Waste Connections by 9.0% during the 2nd quarter. Values First Advisors Inc. now owns 4,088 shares of the business services provider’s stock worth $762,000 after purchasing an additional 338 shares during the period. WCM Investment Management LLC boosted its position in shares of Waste Connections by 1.8% during the 2nd quarter. WCM Investment Management LLC now owns 6,501,719 shares of the business services provider’s stock worth $1,208,669,000 after purchasing an additional 117,939 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Waste Connections by 674.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 502,675 shares of the business services provider’s stock worth $93,710,000 after purchasing an additional 437,783 shares during the period. Tuttle Capital Management LLC boosted its position in shares of Waste Connections by 14.9% during the 2nd quarter. Tuttle Capital Management LLC now owns 3,606 shares of the business services provider’s stock worth $673,000 after purchasing an additional 468 shares during the period. Finally, Equitable Trust Co. boosted its position in shares of Waste Connections by 2.3% during the 2nd quarter. Equitable Trust Co. now owns 12,068 shares of the business services provider’s stock worth $2,253,000 after purchasing an additional 276 shares during the period. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WCN shares. Barclays started 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 objective for the company. Stifel Nicolaus started coverage on shares of Waste Connections in a research report on Tuesday, September 30th. They set a “buy” rating and a $221.00 price objective for the company. Scotiabank set a $208.00 price objective on shares of Waste Connections in a research report on Friday, October 10th. Oppenheimer decreased their price target on shares of Waste Connections from $210.00 to $205.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Finally, Atb Cap Markets raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Five research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Waste Connections presently has an average rating of “Buy” and a consensus price target of $210.38.

Check Out Our Latest Research Report on Waste Connections

Waste Connections Stock Performance

Shares of WCN stock opened at $170.80 on Friday. 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 52 week low of $169.36 and a 52 week high of $201.66. The stock has a market capitalization of $43.83 billion, a PE ratio of 68.87, a P/E/G ratio of 3.09 and a beta of 0.62. The firm has a 50 day moving average of $178.34 and a two-hundred day moving average of $186.11.

Waste Connections (NYSE:WCNGet Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. Waste Connections has set its FY 2025 guidance at EPS. On average, research analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The company 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 payout ratio is 50.81%.

About Waste Connections

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

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