Free Trial

Squarepoint Ops LLC Sells 15,576 Shares of Waste Connections, Inc. (NYSE:WCN)

Waste Connections logo with Business Services background

Squarepoint Ops LLC trimmed its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 33.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,482 shares of the business services provider's stock after selling 15,576 shares during the period. Squarepoint Ops LLC's holdings in Waste Connections were worth $5,230,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Manchester Capital Management LLC bought a new stake in Waste Connections during the fourth quarter valued at about $26,000. Private Trust Co. NA boosted its holdings in Waste Connections by 153.3% during the fourth quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock valued at $26,000 after acquiring an additional 92 shares during the period. Stonebridge Financial Group LLC bought a new stake in Waste Connections during the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd bought a new stake in Waste Connections during the fourth quarter valued at about $28,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Waste Connections by 59.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock valued at $33,000 after acquiring an additional 71 shares during the period. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Price Performance

NYSE WCN traded up $1.13 on Friday, reaching $195.52. The company's stock had a trading volume of 209,330 shares, compared to its average volume of 1,119,083. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. The firm has a market cap of $50.52 billion, a PE ratio of 81.84, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. Waste Connections, Inc. has a 52 week low of $160.34 and a 52 week high of $201.66. The business has a 50-day moving average price of $194.01 and a 200 day moving average price of $187.28.

Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.06. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.22 billion. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. Sell-side analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th were paid a dividend of $0.315 per share. The ex-dividend date was Wednesday, May 7th. This represents a $1.26 annualized dividend and a yield of 0.64%. Waste Connections's dividend payout ratio is 51.85%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Waste Connections from $197.00 to $230.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $221.00 price objective on shares of Waste Connections in a research report on Friday, April 25th. Scotiabank upped their price objective on shares of Waste Connections from $192.00 to $207.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 8th. William Blair assumed coverage on shares of Waste Connections in a research report on Thursday, April 3rd. They set an "outperform" rating for the company. Finally, Wall Street Zen lowered shares of Waste Connections from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Waste Connections has a consensus rating of "Moderate Buy" and a consensus price target of $212.23.

Read Our Latest Report on Waste Connections

Waste Connections Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

Should You Invest $1,000 in Waste Connections Right Now?

Before you consider Waste Connections, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waste Connections wasn't on the list.

While Waste Connections currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

This Unique Robotaxi Play Could Deliver 10X Returns
NVIDIA’s Secret Picks? 3 Stocks Rising With the AI Giant
NVIDIA Earnings Preview: HUGE Stock Move Ahead

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines