Trust Co. of Toledo NA OH Acquires Shares of 272 Waste Connections, Inc. $WCN

Trust Co. of Toledo NA OH acquired a new stake in shares of Waste Connections, Inc. (NYSE:WCN) in the 2nd quarter, Holdings Channel reports. The firm acquired 272 shares of the business services provider’s stock, valued at approximately $51,000.

Other institutional investors have also bought and sold shares of the company. Ramirez Asset Management Inc. lifted 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 last quarter. Larson Financial Group LLC lifted its position in Waste Connections by 994.4% during the first 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. Valley National Advisers Inc. lifted its position in Waste Connections by 232.3% during the first quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 151 shares during the last quarter. Louisbourg Investments Inc. lifted its position in Waste Connections by 128.6% during the first quarter. Louisbourg Investments Inc. now owns 240 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 135 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its position in Waste Connections by 29.2% during the first quarter. Hexagon Capital Partners LLC now owns 283 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Waste Connections Trading Down 0.4%

NYSE WCN opened at $172.19 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $44.18 billion, a price-to-earnings ratio of 69.43, a price-to-earnings-growth ratio of 3.15 and a beta of 0.62. The company’s 50-day simple moving average is $179.32 and its two-hundred day simple moving average is $186.49. Waste Connections, Inc. has a one year low of $169.36 and a one year high of $201.66.

Waste Connections (NYSE:WCN) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.04. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.39 billion. Waste Connections had a net margin of 6.97% and a return on equity of 15.72%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS. Waste Connections has set its FY 2025 guidance at EPS. Equities analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Wednesday, August 6th were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $1.26 dividend on an annualized basis and a yield of 0.7%. Waste Connections’s dividend payout ratio (DPR) is 50.81%.

Analysts Set New Price Targets

Several equities analysts have commented on WCN shares. Scotiabank set a $208.00 price objective on shares of Waste Connections in a research report on Friday. Barclays assumed coverage on shares of Waste Connections in a research note on Friday, September 19th. They issued an “equal weight” rating and a $192.00 target price on the stock. Raymond James Financial set a $213.00 target price on shares of Waste Connections and gave the company a “strong-buy” rating in a research note on Monday, October 6th. National Bankshares reduced their target price on shares of Waste Connections from $211.00 to $196.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 7th. Finally, Stifel Nicolaus assumed coverage on shares of Waste Connections in a research note on Tuesday, September 30th. They issued a “buy” rating and a $221.00 target price on the stock. Five analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Waste Connections currently has an average rating of “Buy” and a consensus target price of $211.73.

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.