Waste Connections, Inc. $WCN Shares Sold by Carnegie Investment Counsel

Carnegie Investment Counsel decreased its position in shares of Waste Connections, Inc. (NYSE:WCN) by 8.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,858 shares of the business services provider’s stock after selling 265 shares during the period. Carnegie Investment Counsel’s holdings in Waste Connections were worth $534,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its position in Waste Connections by 4.6% during the first quarter. Checchi Capital Advisers LLC now owns 1,278 shares of the business services provider’s stock worth $249,000 after buying an additional 56 shares during the period. MWA Asset Management increased its holdings in shares of Waste Connections by 1.2% in the first quarter. MWA Asset Management now owns 4,783 shares of the business services provider’s stock valued at $934,000 after purchasing an additional 57 shares during the period. MAI Capital Management increased its holdings in shares of 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 purchasing an additional 63 shares during the period. Hexagon Capital Partners LLC increased its holdings in shares of 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 purchasing an additional 64 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in shares of Waste Connections by 3.0% in the first quarter. Pacer Advisors Inc. now owns 2,289 shares of the business services provider’s stock valued at $447,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Stock Down 0.0%

WCN opened at $176.76 on Monday. The business’s fifty day moving average is $176.95 and its two-hundred day moving average is $185.40. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $45.36 billion, a price-to-earnings ratio of 73.65, a PEG ratio of 3.25 and a beta of 0.62. Waste Connections, Inc. has a one year low of $169.36 and a one year high of $201.66.

Waste Connections (NYSE:WCN) last posted its earnings results on Tuesday, October 21st. The business services provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.06. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. Waste Connections had a return on equity of 16.07% and a net margin of 6.65%.Waste Connections’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 earnings per share. Waste Connections has set its FY 2025 guidance at EPS. Analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Wednesday, November 5th will be given a $0.35 dividend. This is an increase from Waste Connections’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 5th. Waste Connections’s dividend payout ratio (DPR) is currently 52.50%.

Analyst Ratings Changes

A number of research firms have recently issued reports on WCN. Citigroup dropped their target price on Waste Connections from $199.00 to $196.00 and set a “neutral” rating on the stock in a report on Thursday. Stifel Nicolaus dropped their target price on Waste Connections from $221.00 to $218.00 and set a “buy” rating on the stock in a report on Thursday. Raymond James Financial set a $213.00 target price on Waste Connections and gave the company a “strong-buy” rating in a report on Monday, October 6th. UBS Group set a $195.00 price target on Waste Connections and gave the company a “neutral” rating in a research note on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Waste Connections in a research note on Friday. Five research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $210.63.

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.