Waste Connections, Inc. $WCN Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 45.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 177,412 shares of the business services provider’s stock after selling 145,023 shares during the period. Sei Investments Co.’s holdings in Waste Connections were worth $28,818,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. City Holding Co. purchased a new position in Waste Connections in the 4th quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Waste Connections during the third quarter worth $26,000. Transamerica Financial Advisors LLC raised its stake in shares of Waste Connections by 346.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 174 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 135 shares in the last quarter. Whipplewood Advisors LLC raised its stake in shares of Waste Connections by 1,166.7% in the first quarter. Whipplewood Advisors LLC now owns 190 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 175 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Waste Connections in the fourth quarter valued at $36,000. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WCN has been the subject of several analyst reports. Weiss Ratings cut Waste Connections from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. TD Cowen reiterated a “buy” rating and issued a $210.00 price objective (up from $200.00) on shares of Waste Connections in a research note on Friday. Royal Bank Of Canada reissued an “outperform” rating and set a $218.00 price objective (up from $210.00) on shares of Waste Connections in a research report on Friday, April 24th. Barclays set a $180.00 target price on shares of Waste Connections and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $208.00 target price (up from $206.00) on shares of Waste Connections in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $202.05.

Waste Connections Stock Performance

Shares of WCN stock opened at $169.63 on Tuesday. The company has a market cap of $42.80 billion, a P/E ratio of 40.87, a PEG ratio of 2.91 and a beta of 0.49. The firm has a fifty day moving average price of $161.57 and a 200 day moving average price of $163.18. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.17. Waste Connections, Inc. has a 12 month low of $146.89 and a 12 month high of $191.91.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.15. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Waste Connections had a return on equity of 17.31% and a net margin of 10.86%.Waste Connections’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. Sell-side analysts predict that Waste Connections, Inc. will post 5.6 earnings per share for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be issued a $0.35 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.8%. Waste Connections’s dividend payout ratio is presently 33.73%.

Insiders Place Their Bets

In related news, COO Jason Craft sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $156.59, for a total value of $234,885.00. Following the completion of the transaction, the chief operating officer directly owned 32,861 shares of the company’s stock, valued at $5,145,703.99. This represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Patrick James Shea sold 7,500 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $156.26, for a total transaction of $1,171,950.00. Following the completion of the transaction, the vice president owned 19,737 shares in the company, valued at $3,084,103.62. This represents a 27.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,000 shares of company stock worth $2,395,755 over the last 90 days. Insiders own 0.27% of the company’s stock.

Trending Headlines about Waste Connections

Here are the key news stories impacting Waste Connections this week:

• Positive Sentiment: Waste Connections priced C$700 million of senior unsecured notes, including C$300 million of 4.200% notes due 2033. The long-term financing could support acquisitions, refinancing, or other corporate needs, while the relatively attractive cost of the 2033 tranche may help limit interest-expense pressure. Waste Connections Announces Pricing of C$700 Million of Senior Notes
• Positive Sentiment: Analysts highlighted Waste Connections’ strong second-quarter performance: adjusted earnings exceeded expectations, revenue increased year over year, margins expanded, cash flow remained robust, and the company raised its 2026 revenue outlook. These factors reinforce the company’s growth narrative. Is WCN Stock Worth Its Premium Valuation After Strong Q2 Results?
• Positive Sentiment: Waste Connections is using artificial intelligence to improve pricing and operations. AI-based pricing initiatives are generating approximately $20 million in annualized EBITDA gains, while routing tools could provide additional margin and efficiency benefits. How Waste Connections Is Using AI to Expand Margins and Future Growth
• Positive Sentiment: J.P. Morgan maintained a Buy rating, signaling continued confidence in WCN’s operating outlook and long-term growth prospects. J.P. Morgan Remains a Buy on Waste Connections
• Neutral Sentiment: The company’s earnings beat and outlook increase were partly offset by its premium valuation. With WCN trading at a high earnings multiple, investors may require continued strong execution before assigning the stock further upside. Waste Connections Stock Barely Moves Since Q2 Earnings Beat
• Negative Sentiment: Total collection volume declined 1.9% in the second quarter, raising concerns about fixed-cost absorption and potential operating deleverage. Strong pricing and construction-and-demolition volumes helped, but weaker overall volume remains a risk. Waste Connections: Better Margins, But Volume Trend Is Still Weak
• Negative Sentiment: The C$700 million notes offering adds debt and future interest obligations. This is manageable relative to the company’s scale but could constrain financial flexibility, particularly given its existing leverage and premium valuation.

Waste Connections Company Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.