Groupama Asset Managment Buys 4,441 Shares of Waste Connections, Inc. $WCN

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Groupama Asset Managment raised its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 14.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,377 shares of the business services provider's stock after purchasing an additional 4,441 shares during the period. Groupama Asset Managment's holdings in Waste Connections were worth $6,822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of WCN. Vanguard Group Inc. increased its holdings in Waste Connections by 3.3% in the first quarter. Vanguard Group Inc. now owns 30,247,244 shares of the business services provider's stock valued at $5,901,049,000 after purchasing an additional 954,242 shares during the last quarter. WCM Investment Management LLC grew its holdings in Waste Connections by 0.3% during the first quarter. WCM Investment Management LLC now owns 6,383,780 shares of the business services provider's stock valued at $1,230,984,000 after purchasing an additional 18,400 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Waste Connections by 2.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,736,179 shares of the business services provider's stock valued at $984,214,000 after purchasing an additional 150,683 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Waste Connections by 5.8% in the first quarter. Mackenzie Financial Corp now owns 4,575,547 shares of the business services provider's stock worth $892,023,000 after purchasing an additional 250,684 shares during the period. Finally, TD Asset Management Inc grew its holdings in shares of Waste Connections by 3.3% in the 1st quarter. TD Asset Management Inc now owns 3,819,259 shares of the business services provider's stock valued at $744,420,000 after buying an additional 120,752 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Scotiabank raised 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. Oppenheimer increased their price objective 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. Truist Financial set a $220.00 target price on shares of Waste Connections in a research note on Friday, April 25th. Melius Research raised 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. Finally, Seaport Res Ptn upgraded Waste Connections to a "strong-buy" rating in a report on Tuesday, May 6th. 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $215.00.

Waste Connections Stock Down 1.0%

WCN traded down $1.7840 on Friday, hitting $184.6960. 805,770 shares of the company were exchanged, compared to its average volume of 1,130,190. The stock's fifty day moving average is $185.61 and its 200-day moving average is $189.59. Waste Connections, Inc. has a 12 month low of $169.36 and a 12 month high of $201.66. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $47.72 billion, a PE ratio of 74.47, a PEG ratio of 3.35 and a beta of 0.58.

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

Waste Connections Dividend Announcement

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

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.