Nissay Asset Management Corp Japan ADV Has $13.36 Million Holdings in Waste Connections, Inc. $WCN

Key Points

• Nissay Asset Management Corp Japan ADV has increased its stake in Waste Connections, Inc. by 3.5%, now holding 68,438 shares valued at $13.36 million.
• Waste Connections reported $1.29 earnings per share (EPS) for the last quarter, exceeding analyst expectations and showing a year-over-year revenue increase of 7.1%.
• The company has a quarterly dividend of $0.315, representing an annualized yield of 0.7%, with a payout ratio of 50.81% as of the latest financial results.

Nissay Asset Management Corp Japan ADV raised its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 3.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 68,438 shares of the business services provider's stock after buying an additional 2,335 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Waste Connections were worth $13,358,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of WCN. Nuveen LLC acquired a new position in shares of Waste Connections during the 1st quarter worth $623,155,000. Vanguard Group Inc. boosted its position in shares of Waste Connections by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 30,247,244 shares of the business services provider's stock worth $5,901,049,000 after buying an additional 954,242 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Waste Connections by 19,519.1% in the 1st quarter. GAMMA Investing LLC now owns 918,564 shares of the business services provider's stock worth $179,295,000 after buying an additional 913,882 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Waste Connections by 195.0% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,153,530 shares of the business services provider's stock worth $224,961,000 after buying an additional 762,468 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of Waste Connections by 56.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,147,904 shares of the business services provider's stock worth $223,779,000 after buying an additional 413,212 shares in the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Trading Down 0.8%

NYSE WCN traded down $1.42 during mid-day trading on Wednesday, hitting $176.19. The company's stock had a trading volume of 1,288,394 shares, compared to its average volume of 1,125,876. Waste Connections, Inc. has a 52-week low of $169.36 and a 52-week high of $201.66. The stock's fifty day simple moving average is $184.29 and its two-hundred day simple moving average is $188.99. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $45.30 billion, a P/E ratio of 71.04, a price-to-earnings-growth ratio of 3.22 and a beta of 0.61.

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

Waste Connections Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Wednesday, August 6th were issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, August 6th. Waste Connections's payout ratio is currently 50.81%.

Analyst Ratings Changes

Several research firms recently commented on WCN. National Bank Financial upgraded shares of Waste Connections to a "strong-buy" rating in a research report on Monday, May 26th. Melius Research raised shares of 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. JPMorgan Chase & Co. raised their price target on shares of Waste Connections from $197.00 to $230.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. Atb Cap Markets raised shares of Waste Connections from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 24th. Finally, Scotiabank raised their price target on shares of Waste Connections from $202.00 to $208.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Five equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $215.00.

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.