Altman Advisors Inc. Has $2.12 Million Holdings in Waste Connections, Inc. $WCN

Altman Advisors Inc. increased its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,412 shares of the business services provider’s stock after acquiring an additional 356 shares during the period. Altman Advisors Inc.’s holdings in Waste Connections were worth $2,121,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Waste Connections by 3.3% in the first quarter. Vanguard Group Inc. now owns 30,247,244 shares of the business services provider’s stock worth $5,901,049,000 after purchasing an additional 954,242 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of Waste Connections by 1.8% in the second quarter. WCM Investment Management LLC now owns 6,501,719 shares of the business services provider’s stock valued at $1,208,669,000 after buying an additional 117,939 shares during the last quarter. Mackenzie Financial Corp lifted its position in Waste Connections by 5.8% during the 1st quarter. Mackenzie Financial Corp now owns 4,575,547 shares of the business services provider’s stock worth $892,023,000 after buying an additional 250,684 shares in the last quarter. TD Asset Management Inc grew its holdings in Waste Connections by 3.2% during the 2nd quarter. TD Asset Management Inc now owns 3,942,989 shares of the business services provider’s stock worth $735,169,000 after acquiring an additional 123,730 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in Waste Connections by 2.7% during the 1st quarter. 1832 Asset Management L.P. now owns 3,863,120 shares of the business services provider’s stock worth $754,042,000 after acquiring an additional 100,716 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Insider Buying and Selling at Waste Connections

In related news, Director Edward E. Guillet sold 9,000 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 14,883 shares in the company, valued at $2,596,190.52. This trade represents a 37.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.28% of the stock is owned by corporate insiders.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at $166.08 on Monday. The firm has a fifty day moving average of $173.80 and a two-hundred day moving average of $183.44. 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 stock has a market capitalization of $42.52 billion, a price-to-earnings ratio of 69.20, a PEG ratio of 3.17 and a beta of 0.60. Waste Connections, Inc. has a 52 week low of $164.37 and a 52 week high of $201.66.

Waste Connections (NYSE:WCN) last announced its quarterly earnings data 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 analysts’ expectations of $2.46 billion. Waste Connections had a return on equity of 16.07% and a net margin of 6.65%.The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.35 earnings per share. Waste Connections has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WCN. Oppenheimer boosted their target price 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. Barclays reissued a “negative” rating on shares of Waste Connections in a report on Thursday, October 23rd. Stifel Nicolaus dropped their price objective on shares of Waste Connections from $221.00 to $218.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Citigroup decreased their price objective on Waste Connections from $199.00 to $196.00 and set a “neutral” rating on the stock in a research report on Thursday, October 23rd. Finally, UBS Group set a $195.00 target price on Waste Connections and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Five 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 stock. According to MarketBeat, Waste Connections has a consensus rating of “Buy” and a consensus target price of $210.63.

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.