Waste Connections, Inc. $WCN Shares Bought by Swedbank AB

Swedbank AB lifted its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 6.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,582 shares of the business services provider's stock after acquiring an additional 2,776 shares during the quarter. Swedbank AB's holdings in Waste Connections were worth $8,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Waverly Advisors LLC acquired a new position in Waste Connections during the 4th quarter worth $289,000. Vise Technologies Inc. boosted its position in Waste Connections by 76.8% during the 4th quarter. Vise Technologies Inc. now owns 3,624 shares of the business services provider's stock worth $622,000 after acquiring an additional 1,574 shares during the period. Putney Financial Group LLC acquired a new position in Waste Connections during the 4th quarter worth $140,000. Integrated Advisors Network LLC boosted its position in Waste Connections by 5.5% during the 4th quarter. Integrated Advisors Network LLC now owns 1,562 shares of the business services provider's stock worth $268,000 after acquiring an additional 81 shares during the period. Finally, Mattson Financial Services LLC boosted its position in Waste Connections by 5.2% during the 4th quarter. Mattson Financial Services LLC now owns 7,306 shares of the business services provider's stock worth $1,306,000 after acquiring an additional 358 shares during the period. Institutional investors and hedge funds own 86.09% of the company's stock.

Waste Connections Stock Performance

WCN opened at $174.16 on Monday. Waste Connections, Inc. has a 52-week low of $169.36 and a 52-week high of $201.66. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $44.78 billion, a PE ratio of 70.23, a price-to-earnings-growth ratio of 3.14 and a beta of 0.61. The stock has a 50-day moving average of $183.37 and a 200-day moving average of $188.23.

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

Waste Connections Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WCN. CIBC reissued an "outperform" rating on shares of Waste Connections in a research note on Friday, July 25th. Citigroup dropped their price target on Waste Connections from $204.00 to $199.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 17th. Atb Cap Markets raised Waste Connections from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Melius started coverage on Waste Connections in a research report on Monday, June 9th. They set a "buy" rating on the stock. Finally, Oppenheimer upped their price target on Waste Connections from $216.00 to $218.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Five analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $213.00.

Waste Connections 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.