Lmcg Investments LLC Has $9.42 Million Holdings in Waste Connections, Inc. $WCN

Key Points

• Lmcg Investments LLC reduced its holdings in Waste Connections, Inc. by 22.0% during the second quarter, now owning roughly $9.42 million worth of shares.
• Institutional investors currently own 86.09% of Waste Connections, with several firms including Vanguard Group and Mackenzie Financial increasing their positions in the company.
• Waste Connections reported an earnings per share (EPS) of $1.29 for the last quarter, surpassing analyst expectations of $1.25.

Lmcg Investments LLC decreased its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 22.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,463 shares of the business services provider's stock after selling 14,200 shares during the quarter. Lmcg Investments LLC's holdings in Waste Connections were worth $9,422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Waste Connections by 3.3% during 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 acquiring an additional 954,242 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of 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 acquiring an additional 18,400 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Waste Connections by 5.8% during the first quarter. Mackenzie Financial Corp now owns 4,575,547 shares of the business services provider's stock valued at $892,023,000 after acquiring an additional 250,684 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Waste Connections by 2.7% during the first quarter. 1832 Asset Management L.P. now owns 3,863,120 shares of the business services provider's stock valued at $754,042,000 after acquiring an additional 100,716 shares in the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Waste Connections by 3.3% during the first quarter. TD Asset Management Inc now owns 3,819,259 shares of the business services provider's stock valued at $744,420,000 after acquiring an additional 120,752 shares in the last quarter. Institutional investors own 86.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WCN. Royal Bank Of Canada decreased their price objective on Waste Connections from $221.00 to $219.00 and set an "outperform" rating for the company in a report on Friday, July 25th. Raymond James Financial set a $213.00 price target on Waste Connections and gave the stock a "strong-buy" rating in a report on Monday. Oppenheimer lowered their price target on Waste Connections from $210.00 to $205.00 and set an "outperform" rating for the company in a research report on Wednesday. Citigroup lowered their price target on Waste Connections from $204.00 to $199.00 and set a "neutral" rating for the company in a research report on Wednesday, September 17th. Finally, Atb Cap Markets raised Waste Connections from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Five research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Waste Connections currently has a consensus rating of "Buy" and an average price target of $211.73.

Waste Connections Trading Up 1.4%

Shares of Waste Connections stock opened at $172.58 on Friday. Waste Connections, Inc. has a 1 year low of $169.36 and a 1 year high of $201.66. The firm has a market cap of $44.28 billion, a PE ratio of 69.59, a P/E/G ratio of 3.10 and a beta of 0.62. The stock has a fifty day moving average price of $179.63 and a 200-day moving average price of $186.71. 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 announced its earnings results on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.04. Waste Connections had a return on equity of 15.72% and a net margin of 6.97%.The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the firm 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 anticipate that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Wednesday, August 6th were given 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 currently 50.81%.

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.

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