Quaero Capital S.A. Sells 5,008 Shares of Waste Connections, Inc. $WCN

Quaero Capital S.A. lowered its position in Waste Connections, Inc. (NYSE:WCN) by 61.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,146 shares of the business services provider’s stock after selling 5,008 shares during the period. Quaero Capital S.A.’s holdings in Waste Connections were worth $587,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Ramirez Asset Management Inc. increased its holdings in shares of Waste Connections by 122.0% in the first quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Waste Connections by 994.4% in the first quarter. Larson Financial Group LLC now owns 197 shares of the business services provider’s stock worth $38,000 after acquiring an additional 179 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in Waste Connections during the 2nd quarter worth approximately $51,000. Private Trust Co. NA increased its stake in 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 in the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new stake in Waste Connections during the 2nd quarter worth approximately $70,000. Institutional investors own 86.09% of the company’s stock.

Insider Transactions at Waste Connections

In related news, Director Edward E. Guillet sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $174.44, for a total value of $1,569,960.00. Following the completion of the sale, the director directly owned 14,883 shares in the company, valued at approximately $2,596,190.52. This trade represents a 37.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WCN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Waste Connections in a research report on Wednesday, October 8th. National Bankshares lowered their target price on Waste Connections from $211.00 to $196.00 and set an “outperform” rating for the company in a report on Tuesday, October 7th. UBS Group set a $195.00 target price on Waste Connections and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Barclays reiterated a “negative” rating on shares of Waste Connections in a report on Thursday, October 23rd. Finally, Oppenheimer upped their price objective on Waste Connections from $205.00 to $206.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $210.63.

Waste Connections Stock Performance

Shares of NYSE WCN opened at $166.12 on Thursday. The stock has a market capitalization of $42.53 billion, a PE ratio of 69.22, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.67 and a current ratio of 0.67. Waste Connections, Inc. has a 52 week low of $164.37 and a 52 week high of $201.66. The stock has a 50 day moving average price of $174.54 and a 200 day moving average price of $183.96.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Tuesday, October 21st. The business services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.38 by $0.06. The company had revenue of $2.47 billion during 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%.The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 EPS. Waste Connections has set its FY 2025 guidance at EPS. Analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Wednesday, November 5th will be paid a $0.35 dividend. This is an increase from Waste Connections’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, November 5th. This represents a $1.40 annualized dividend and a yield of 0.8%. Waste Connections’s dividend payout ratio (DPR) is 58.33%.

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.