6,360 Shares in Waste Connections, Inc. $WCN Acquired by Caxton Associates LLP

Key Points

• Caxton Associates LLP invested approximately $1.24 million in Waste Connections, Inc. by acquiring 6,360 shares during the first quarter.
• Waste Connections reported an EPS of $1.29 in its last quarterly results, beating estimates, with a net margin of 6.97% and a year-over-year revenue increase of 7.1%.
• The company announced a quarterly dividend of $0.315, representing an annualized dividend of $1.26 and a yield of 0.7%, with a payout ratio of 50.81%.

Caxton Associates LLP bought a new position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,360 shares of the business services provider's stock, valued at approximately $1,241,000.

Other institutional investors have also added to or reduced their stakes in the company. Ramirez Asset Management Inc. grew 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 worth $36,000 after buying an additional 100 shares in the last quarter. Larson Financial Group LLC grew 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 worth $38,000 after buying an additional 179 shares in the last quarter. Global Financial Private Client LLC grew its position in Waste Connections by 890.0% during the first quarter. Global Financial Private Client LLC now owns 198 shares of the business services provider's stock worth $39,000 after buying an additional 178 shares in the last quarter. Valley National Advisers Inc. grew 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 worth $41,000 after buying an additional 151 shares in the last quarter. Finally, Louisbourg Investments Inc. grew 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 worth $47,000 after buying an additional 135 shares in the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Price Performance

Shares of NYSE:WCN traded down $2.04 during trading on Friday, reaching $176.10. The stock had a trading volume of 1,527,286 shares, compared to its average volume of 1,001,709. Waste Connections, Inc. has a 52 week low of $169.36 and a 52 week high of $201.66. The business's 50-day moving average price is $184.14 and its 200 day moving average price is $188.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $45.28 billion, a PE ratio of 71.01, a P/E/G ratio of 3.21 and a beta of 0.61.

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. Waste Connections had a net margin of 6.97% and a return on equity of 15.72%. The firm had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.39 billion. During the same quarter in the previous year, the company posted $1.24 EPS. Waste Connections's revenue was up 7.1% on a year-over-year basis. Waste Connections has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Dividend Announcement

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

Analysts Set New Price Targets

WCN has been the subject of a number of analyst reports. National Bank Financial upgraded shares of Waste Connections to a "strong-buy" rating in a research note on Monday, May 26th. JPMorgan Chase & Co. raised their price target on shares of Waste Connections from $197.00 to $230.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Atb Cap Markets upgraded shares of Waste Connections from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 24th. Scotiabank lifted their price objective on Waste Connections from $202.00 to $208.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Finally, Melius Research raised Waste Connections to a "strong-buy" rating and set a $213.00 price objective for the company in a report on Monday, June 9th. Five equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $215.00.

About Waste Connections

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.