American Century Companies Inc. Has $3.72 Million Stake in Waste Connections, Inc. $WCN

Key Points

• American Century Companies Inc. reduced its holdings in Waste Connections, Inc. by 9.2% during the first quarter, owning shares worth $3.72 million after selling 1,923 shares.
• Institutional investors own 86.09% of Waste Connections, indicating strong institutional interest in the stock.
• Waste Connections reported a $1.29 EPS for the last quarter, exceeding consensus estimates, and set a FY 2025 guidance anticipating 5.28 EPS for the current fiscal year.

American Century Companies Inc. trimmed its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 9.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,056 shares of the business services provider's stock after selling 1,923 shares during the period. American Century Companies Inc.'s holdings in Waste Connections were worth $3,720,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. LWM Advisory Services LLC grew its holdings in Waste Connections by 2.5% during the first quarter. LWM Advisory Services LLC now owns 3,034 shares of the business services provider's stock worth $591,000 after acquiring an additional 75 shares during the period. Sit Investment Associates Inc. boosted its stake in Waste Connections by 0.3% in the 1st quarter. Sit Investment Associates Inc. now owns 62,736 shares of the business services provider's stock worth $12,245,000 after purchasing an additional 185 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Waste Connections by 95.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 117,100 shares of the business services provider's stock valued at $22,857,000 after purchasing an additional 57,300 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Waste Connections by 6.7% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,656 shares of the business services provider's stock valued at $1,494,000 after purchasing an additional 482 shares in the last quarter. Finally, National Pension Service lifted its stake in Waste Connections by 9.6% in the 1st quarter. National Pension Service now owns 640,779 shares of the business services provider's stock worth $125,074,000 after acquiring an additional 56,152 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company's stock.

Waste Connections Price Performance

Shares of NYSE:WCN traded down $2.04 during midday trading on Tuesday, reaching $182.77. The company's stock had a trading volume of 1,271,623 shares, compared to its average volume of 911,870. The business's fifty day simple moving average is $185.09 and its 200-day simple moving average is $189.33. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.67 and a quick ratio of 0.67. Waste Connections, Inc. has a fifty-two week low of $169.36 and a fifty-two week high of $201.66. The company has a market capitalization of $47.23 billion, a P/E ratio of 73.70, a P/E/G ratio of 3.33 and a beta of 0.61.

Waste Connections (NYSE:WCN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.04. The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. Waste Connections had a return on equity of 15.72% and a net margin of 6.97%.The company's revenue was up 7.1% on a year-over-year basis. During the same period last year, the company earned $1.24 earnings per share. Waste Connections has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Wednesday, August 6th were given a $0.315 dividend. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.7%. Waste Connections's payout ratio is currently 50.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WCN shares. Melius assumed coverage on shares of Waste Connections in a research report on Monday, June 9th. They issued a "buy" rating for the company. Oppenheimer increased their price objective on Waste Connections from $216.00 to $218.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Melius Research upgraded shares of Waste Connections to a "strong-buy" rating and set a $213.00 price target on the stock in a research note on Monday, June 9th. Citigroup lowered their target price on shares of Waste Connections from $208.00 to $204.00 and set a "neutral" rating on the stock in a research report on Monday, July 28th. Finally, Scotiabank boosted their price target on Waste Connections from $202.00 to $208.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Five analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $215.00.

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.