Banque Transatlantique SA Invests $563,000 in Waste Connections, Inc. $WCN

Key Points

• Banque Transatlantique SA has invested approximately $563,000 in 3,119 shares of Waste Connections, Inc. during the first quarter of the year.
• Waste Connections reported a quarterly EPS of $1.29, beating analysts’ estimates, and a revenue of $2.41 billion, marking a 7.1% increase year-over-year.
• Analysts have a consensus rating of "Buy" on Waste Connections stock, with an average price target of $215.00.

Banque Transatlantique SA purchased a new stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,119 shares of the business services provider's stock, valued at approximately $563,000.

A number of other hedge funds also recently bought and sold shares of the company. Ramirez Asset Management Inc. lifted 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 buying an additional 100 shares during the period. Larson Financial Group LLC lifted 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 buying an additional 179 shares during the period. Global Financial Private Client LLC lifted its stake in shares of Waste Connections by 890.0% in the first quarter. Global Financial Private Client LLC now owns 198 shares of the business services provider's stock valued at $39,000 after buying an additional 178 shares during the period. Valley National Advisers Inc. lifted 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 buying an additional 151 shares during the period. Finally, Louisbourg Investments Inc. lifted its stake in shares of Waste Connections by 128.6% in the first quarter. Louisbourg Investments Inc. now owns 240 shares of the business services provider's stock valued at $47,000 after buying an additional 135 shares during the period. 86.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WCN has been the subject of several research reports. Raymond James Financial reduced their target price on shares of Waste Connections from $224.00 to $211.00 and set a "strong-buy" rating for the company in a research note on Tuesday, July 22nd. CIBC reiterated an "outperform" rating on shares of Waste Connections in a research note on Friday, July 25th. Scotiabank increased their target price on shares of Waste Connections from $202.00 to $208.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Royal Bank Of Canada dropped their price target on shares of Waste Connections from $221.00 to $219.00 and set an "outperform" rating for the company in a research report on Friday, July 25th. Finally, Oppenheimer increased their price target on shares of Waste Connections from $216.00 to $218.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Five research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $215.00.

Waste Connections Price Performance

NYSE:WCN traded down $1.94 during mid-day trading on Friday, hitting $179.33. The company's stock had a trading volume of 924,704 shares, compared to its average volume of 926,641. 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 current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $46.11 billion, a price-to-earnings ratio of 72.31, a P/E/G ratio of 3.23 and a beta of 0.61. The stock has a fifty day moving average of $184.62 and a 200-day moving average of $189.12.

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

Waste Connections Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Wednesday, August 6th were issued a dividend of $0.315 per share. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $1.26 annualized dividend and a dividend yield of 0.7%. Waste Connections's dividend payout ratio (DPR) is presently 50.81%.

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.