Natural Investments LLC Purchases New Position in Waste Connections, Inc. $WCN

Key Points

• Natural Investments LLC acquired a new position in Waste Connections, purchasing 4,763 shares valued at approximately $889,000 in the second quarter.
• The company reported earnings of $1.29 per share for the last quarter, exceeding analysts' expectations, alongside a revenue of $2.41 billion.
• Waste Connections announced a quarterly dividend of $0.315 per share and has a dividend yield of 0.7% with a payout ratio of 50.81%.

Natural Investments LLC bought a new position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,763 shares of the business services provider's stock, valued at approximately $889,000.

A number of other large investors have also bought and sold shares of WCN. Ramirez Asset Management Inc. boosted its position in Waste Connections by 122.0% during the 1st quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider's stock worth $36,000 after acquiring an additional 100 shares during the last quarter. Larson Financial Group LLC lifted its stake in Waste Connections by 994.4% in the 1st 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 last quarter. Valley National Advisers Inc. increased its holdings in shares of Waste Connections by 232.3% during the 1st quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider's stock worth $41,000 after acquiring an additional 151 shares during the last quarter. Louisbourg Investments Inc. increased its holdings in shares of Waste Connections by 128.6% during the 1st quarter. Louisbourg Investments Inc. now owns 240 shares of the business services provider's stock worth $47,000 after acquiring an additional 135 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Waste Connections during the 2nd quarter worth approximately $51,000. 86.09% of the stock is owned by institutional investors.

Waste Connections Stock Up 1.4%

WCN stock opened at $172.58 on Friday. Waste Connections, Inc. has a twelve month low of $169.36 and a twelve month high of $201.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.00. The stock's 50 day moving average is $179.63 and its 200-day moving average is $186.71. The firm has a market capitalization of $44.28 billion, a PE ratio of 69.59, a P/E/G ratio of 3.10 and a beta of 0.62.

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

Waste Connections Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on WCN shares. Weiss Ratings restated a "hold (c)" rating on shares of Waste Connections in a research note on Wednesday. Raymond James Financial set a $213.00 price target on Waste Connections and gave the company a "strong-buy" rating in a research note on Monday. CIBC reiterated an "outperform" rating on shares of Waste Connections in a research note on Friday, July 25th. Oppenheimer cut their price objective on Waste Connections from $210.00 to $205.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, Royal Bank Of Canada cut their price objective on Waste Connections from $221.00 to $219.00 and set an "outperform" rating on the stock in a report on Friday, July 25th. Five research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $211.73.

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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