Waste Connections, Inc. $WCN Shares Bought by Miller Howard Investments Inc. NY

Key Points

• Miller Howard Investments Inc. NY increased its position in Waste Connections by 19.8% in the second quarter, owning a total of 28,569 shares valued at approximately $5.3 million.
• Waste Connections reported $1.29 EPS for the last quarter, surpassing expectations and confirming a revenue increase of 7.1% compared to the same quarter last year.
• The firm announced a quarterly dividend of $0.315 per share with a current dividend yield of 0.7% and a payout ratio of 50.81%.

Miller Howard Investments Inc. NY grew its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 19.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,569 shares of the business services provider's stock after acquiring an additional 4,731 shares during the quarter. Miller Howard Investments Inc. NY's holdings in Waste Connections were worth $5,334,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ramirez Asset Management Inc. boosted its position in shares of Waste Connections by 122.0% in the first quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider's stock worth $36,000 after buying an additional 100 shares during the period. Larson Financial Group LLC boosted its position 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 worth $38,000 after buying an additional 179 shares during the period. Global Financial Private Client LLC boosted its position in shares of Waste Connections by 890.0% in the first quarter. Global Financial Private Client LLC now owns 198 shares of the business services provider's stock worth $39,000 after buying an additional 178 shares during the period. Valley National Advisers Inc. boosted its position 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 worth $41,000 after buying an additional 151 shares during the period. Finally, Louisbourg Investments Inc. boosted its holdings in 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 during the last quarter. Hedge funds and other institutional investors own 86.09% of the company's stock.

Waste Connections Stock Performance

WCN opened at $174.16 on Friday. The firm has a market cap of $44.78 billion, a PE ratio of 70.23, a P/E/G ratio of 3.16 and a beta of 0.61. 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 business has a fifty day simple moving average of $183.37 and a 200-day simple moving average of $188.23. Waste Connections, Inc. has a fifty-two week low of $169.36 and a fifty-two week high of $201.66.

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

Waste Connections Dividend Announcement

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 $0.315 dividend. This represents a $1.26 annualized dividend 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 50.81%.

Analyst Ratings Changes

A number of research analysts recently commented on WCN shares. Atb Cap Markets raised Waste Connections from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. CIBC reissued an "outperform" rating on shares of Waste Connections in a report on Friday, July 25th. Melius Research raised Waste Connections to a "strong-buy" rating and set a $213.00 price target for the company in a report on Monday, June 9th. Melius started coverage on Waste Connections in a report on Monday, June 9th. They issued a "buy" rating for the company. Finally, Raymond James Financial reduced their price target on Waste Connections from $224.00 to $211.00 and set a "strong-buy" rating for the company in a report on Tuesday, July 22nd. Five investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $213.00.

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.

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