Sustainable Growth Advisers LP Sells 1,982 Shares of Waste Connections, Inc. $WCN

Sustainable Growth Advisers LP reduced its stake in Waste Connections, Inc. by 2.1% in Q2, selling 1,982 shares. The firm now holds 90,907 shares valued at $16,974,000. Several other institutional investors also adjusted their positions in WCN. Analysts have given the stock a consensus rating of 'Buy' with a target price of $208.67. Director Edward E. Guillet sold 9,000 shares, decreasing his position by 37.68%. Waste Connections' stock opened at $168.76 on Friday.

Sustainable Growth Advisers LP cut its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. 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.

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Several other institutional investors and hedge funds also recently made changes to their positions in WCN. MWA Asset Management raised its stake in 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 period. MAI Capital Management increased 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 in the last quarter. Pacer Advisors Inc. raised its position in shares of Waste Connections by 3.0% during the first quarter. Pacer Advisors Inc. now owns 2,289 shares of the business services provider's stock worth $447,000 after purchasing an additional 66 shares during the period. ICONIQ Capital LLC lifted its holdings in shares of Waste Connections by 3.7% during the 1st quarter. ICONIQ Capital LLC now owns 1,897 shares of the business services provider's stock valued at $370,000 after purchasing an additional 68 shares in the last quarter. Finally, LWM Advisory Services LLC lifted its holdings in shares of Waste Connections by 2.5% during the 1st quarter. LWM Advisory Services LLC now owns 3,034 shares of the business services provider's stock valued at $591,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company's stock.

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Analysts Set New Price Targets

Several analysts have commented on the stock. Sanford C. Bernstein started coverage on shares of Waste Connections in a report on Wednesday. They set an "outperform" rating and a $200.00 target price on the stock. Raymond James Financial set a $213.00 price objective on shares of Waste Connections and gave the stock a "strong-buy" rating in a report on Monday, October 6th. 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. Wells Fargo & Company began coverage on Waste Connections in a report on Thursday. They set an "overweight" rating and a $186.00 target price for the company. Finally, Oppenheimer boosted their price target on Waste Connections from $205.00 to $206.00 and gave the company an "outperform" rating in a report on Thursday, October 23rd. Five investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $208.67.

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Insider Activity

In related news, Director Edward E. Guillet sold 9,000 shares of Waste Connections 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 completion of the sale, the director owned 14,883 shares of the company's stock, valued at approximately $2,596,190.52. The trade was a 37.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.28% of the company's stock.

Waste Connections Trading Up 0.8%

Waste Connections stock opened at $168.76 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a 50-day moving average of $172.38 and a 200-day moving average of $182.65. The company has a market cap of $43.21 billion, a price-to-earnings ratio of 70.32, a P/E/G ratio of 3.17 and a beta of 0.60. Waste Connections, Inc. has a one year low of $163.27 and a one year high of $201.66.

Waste Connections (NYSE:WCN - Get Free Report) last issued its earnings results on Tuesday, October 21st. The business services provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.38 by $0.06. Waste Connections had a return on equity of 16.07% and a net margin of 6.65%.The company 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 company posted $1.35 EPS. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. Waste Connections has set its FY 2025 guidance at EPS. On average, equities analysts expect that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, November 5th. This is a boost from Waste Connections's previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. Waste Connections's payout ratio is currently 58.33%.

Waste Connections Profile

(Free Report)

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.

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