Atria Wealth Solutions Inc. Decreases Stock Holdings in Waste Connections, Inc. $WCN

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Waste Connections, Inc. by 65.1% in the second quarter, now holding 1,544 shares worth approximately $288,000.
• Other institutional investors such as Ramirez Asset Management Inc. and Larson Financial Group LLC significantly increased their stakes in Waste Connections, with Ramirez boosting its holdings by 122% in the first quarter.
• Analyst ratings for Waste Connections remain positive, with a consensus rating of "Buy" and an average price target of $210.38.

Atria Wealth Solutions Inc. cut its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 65.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,544 shares of the business services provider's stock after selling 2,884 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Waste Connections were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ramirez Asset Management Inc. boosted its stake in shares of Waste Connections by 122.0% in 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 period. Larson Financial Group LLC boosted its stake in shares of Waste Connections by 994.4% in 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 period. Valley National Advisers Inc. boosted its stake in shares of Waste Connections by 232.3% in 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 period. Trust Co. of Toledo NA OH purchased a new position in shares of Waste Connections in the second quarter valued at $51,000. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Waste Connections by 29.2% in 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 period. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on WCN. 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. Weiss Ratings reiterated a "hold (c)" rating on shares of Waste Connections in a research note on Wednesday, October 8th. Royal Bank Of Canada reduced their price objective on shares of Waste Connections from $221.00 to $219.00 and set an "outperform" rating on the stock in a research note on Friday, July 25th. Scotiabank set a $208.00 price objective on shares of Waste Connections in a research note on Friday, October 10th. Finally, Citigroup reduced their price objective on shares of Waste Connections from $204.00 to $199.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 17th. Five equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Waste Connections has a consensus rating of "Buy" and an average price target of $210.38.

Waste Connections Trading Down 0.3%

NYSE WCN opened at $173.55 on Wednesday. The company has a market capitalization of $44.53 billion, a price-to-earnings ratio of 69.98, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62. Waste Connections, Inc. has a 12 month low of $169.36 and a 12 month high of $201.66. The company's fifty day moving average price is $177.42 and its two-hundred day moving average price is $185.59. 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 (NYSE:WCN - Get Free Report) last issued its earnings results on Tuesday, October 21st. The business services provider reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.06. The company had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.46 billion. Waste Connections had a net margin of 6.97% and a return on equity of 15.72%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.35 earnings per share. Waste Connections has set its FY 2025 guidance at EPS. As a group, research analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current fiscal year.

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.

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