King Luther Capital Management Corp Sells 10,706 Shares of Waste Connections, Inc. $WCN

King Luther Capital Management Corp cut its holdings in Waste Connections, Inc. (NYSE:WCN) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,128,045 shares of the business services provider’s stock after selling 10,706 shares during the period. Waste Connections comprises 0.9% of King Luther Capital Management Corp’s holdings, making the stock its 28th largest holding. King Luther Capital Management Corp’s holdings in Waste Connections were worth $210,629,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ramirez Asset Management Inc. raised its position in Waste Connections by 122.0% during the first quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Larson Financial Group LLC increased its position in shares of Waste Connections by 994.4% during the 1st quarter. Larson Financial Group LLC now owns 197 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 179 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Waste Connections during the 2nd quarter valued at approximately $51,000. Marshall & Sullivan Inc. WA purchased a new stake in Waste Connections during the 2nd quarter valued at $70,000. Finally, Valley National Advisers Inc. lifted its position in Waste Connections by 83.3% in the second quarter. Valley National Advisers Inc. now owns 396 shares of the business services provider’s stock worth $73,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Insider Buying and Selling at Waste Connections

In other news, Director Edward E. Guillet sold 9,000 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $174.44, for a total transaction of $1,569,960.00. Following the transaction, the director owned 14,883 shares in the company, valued at $2,596,190.52. This represents a 37.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.28% of the company’s stock.

Waste Connections Stock Up 0.5%

Waste Connections stock opened at $166.08 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.07. The firm has a market cap of $42.52 billion, a P/E ratio of 69.20, a P/E/G ratio of 3.17 and a beta of 0.60. Waste Connections, Inc. has a twelve month low of $164.37 and a twelve month high of $201.66. The business has a fifty day moving average of $173.80 and a two-hundred day moving average of $183.53.

Waste Connections (NYSE:WCN) last announced 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 business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. Waste Connections had a net margin of 6.65% and a return on equity of 16.07%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 earnings per share. Waste Connections has set its FY 2025 guidance at EPS. On average, analysts forecast that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The firm 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 represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 5th. This is a positive change from Waste Connections’s previous quarterly dividend of $0.32. Waste Connections’s payout ratio is 58.33%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WCN. Royal Bank Of Canada cut their price objective on shares of Waste Connections from $221.00 to $219.00 and set an “outperform” rating on the stock in a research report on Friday, July 25th. Oppenheimer lifted their price target on shares of Waste Connections from $205.00 to $206.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. 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. National Bankshares decreased their price objective on shares of Waste Connections from $211.00 to $196.00 and set an “outperform” rating for the company in a research note on Tuesday, October 7th. Finally, Stifel Nicolaus cut their target price on Waste Connections from $221.00 to $218.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Five investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $210.63.

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.