Union Bancaire Privee UBP SA Sells 1,938 Shares of Waste Connections, Inc. $WCN

Key Points

• Union Bancaire Privee UBP SA has reduced its stake in Waste Connections, Inc. by 12.1%, now holding 14,095 shares valued at approximately $2.45 million.
• Many institutional investors have recently increased their holdings in Waste Connections, indicating strong interest in the company, with 86.09% of the stock owned by institutional investors.
• Waste Connections announced a quarterly dividend of $0.315 per share, resulting in an annualized yield of 0.7% and a payout ratio of 50.81%.

Union Bancaire Privee UBP SA lowered its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 12.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,095 shares of the business services provider's stock after selling 1,938 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Waste Connections were worth $2,450,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ramirez Asset Management Inc. lifted its position in Waste Connections by 122.0% in the 1st quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider's stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Waste Connections by 994.4% in the first 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 in the last quarter. Valley National Advisers Inc. lifted its holdings in shares of Waste Connections by 232.3% in the first quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider's stock valued at $41,000 after purchasing an additional 151 shares in the last quarter. Louisbourg Investments Inc. lifted its holdings in shares of Waste Connections by 128.6% in the first quarter. Louisbourg Investments Inc. now owns 240 shares of the business services provider's stock valued at $47,000 after purchasing an additional 135 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in Waste Connections by 29.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 283 shares of the business services provider's stock valued at $55,000 after acquiring an additional 64 shares in the last quarter. 86.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on WCN. Oppenheimer boosted their target price on Waste Connections from $216.00 to $218.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Stifel Nicolaus initiated coverage on shares of Waste Connections in a research report on Tuesday. They issued a "buy" rating and a $221.00 price objective on the stock. Royal Bank Of Canada cut their price target on shares of Waste Connections from $221.00 to $219.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. Barclays initiated coverage on shares of Waste Connections in a research report on Friday, September 19th. They set an "equal weight" rating and a $192.00 price target on the stock. Finally, Citigroup cut their price target on shares of Waste Connections from $204.00 to $199.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 17th. Five analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $213.64.

Waste Connections Price Performance

Shares of WCN opened at $175.81 on Wednesday. The firm has a market capitalization of $45.11 billion, a PE ratio of 70.89, a PEG ratio of 3.15 and a beta of 0.61. The company's 50-day moving average is $181.92 and its 200-day moving average is $187.62. Waste Connections, Inc. has a fifty-two week low of $169.36 and a fifty-two week high of $201.66. 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 issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate 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 net margin of 6.97% and a return on equity of 15.72%. The company's revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 earnings per share. Waste Connections has set its FY 2025 guidance at EPS. Equities analysts forecast that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Wednesday, August 6th were paid a dividend of $0.315 per share. The ex-dividend date was Wednesday, August 6th. This represents a $1.26 dividend on an annualized basis and a dividend 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.

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