Sustainable Growth Advisers LP Has $16.97 Million Stock Holdings in Waste Connections, Inc. $WCN

Sustainable Growth Advisers LP reduced its position in shares of Waste Connections, Inc. (NYSE:WCN) by 2.1% in the 2nd quarter, Holdings Channel reports. The firm owned 90,907 shares of the business services provider’s stock after selling 1,982 shares during the period. Sustainable Growth Advisers LP’s holdings in Waste Connections were worth $16,974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of WCN. MWA Asset Management lifted its position in shares of Waste Connections by 1.2% during the 1st quarter. MWA Asset Management now owns 4,783 shares of the business services provider’s stock worth $934,000 after buying an additional 57 shares during the last quarter. MAI Capital Management lifted 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 worth $218,000 after acquiring an additional 63 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Waste Connections by 3.0% in the 1st 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 in the last quarter. ICONIQ Capital LLC increased its position in Waste Connections by 3.7% during the 1st quarter. ICONIQ Capital LLC now owns 1,897 shares of the business services provider’s stock worth $370,000 after purchasing an additional 68 shares in the last quarter. Finally, LWM Advisory Services LLC boosted its position in Waste Connections by 2.5% in the first quarter. LWM Advisory Services LLC now owns 3,034 shares of the business services provider’s stock valued at $591,000 after buying an additional 75 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

Insider Buying and Selling

In other news, Director Edward E. Guillet sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $174.44, for a total transaction of $1,569,960.00. Following the completion of the sale, the director owned 14,883 shares in the company, valued at $2,596,190.52. The trade was 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. Company insiders own 0.28% of the company’s stock.

Waste Connections Stock Performance

NYSE:WCN opened at $168.76 on Friday. The firm has a market capitalization of $43.21 billion, a P/E ratio of 70.32, a P/E/G ratio of 3.17 and a beta of 0.60. Waste Connections, Inc. has a twelve month low of $163.27 and a twelve month high of $201.66. The company has a fifty day moving average of $172.38 and a 200-day moving average of $182.65. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.07.

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

Waste Connections Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays reissued a “negative” rating on shares of Waste Connections in a report on Thursday, October 23rd. Raymond James Financial set a $213.00 price objective on shares of Waste Connections and gave the stock a “strong-buy” rating in a research note on Monday, October 6th. Sanford C. Bernstein started coverage on Waste Connections in a report on Wednesday. They set an “outperform” rating and a $200.00 target price on the stock. CIBC restated an “outperform” rating on shares of Waste Connections in a research report on Friday, July 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Waste Connections in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $208.67.

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.