Waste Connections Stock Price, News & Analysis (NYSE:WCN)

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Waste Connections in the last year. There are currently 3 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WCN shares.
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16 Wall Street research analysts have issued 1-year price objectives for Waste Connections' stock. Their WCN share price targets range from $145.00 to $175.00. On average, they anticipate the company's stock price to reach $159.06 in the next year. This suggests a possible upside of 13.8% from the stock's current price.
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Waste Connections' stock was trading at $132.56 at the beginning of the year. Since then, WCN shares have increased by 5.5% and is now trading at $139.83.
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Waste Connections saw a decrease in short interest in October. As of October 31st, there was short interest totaling 3,100,000 shares, a decrease of 17.3% from the October 15th total of 3,750,000 shares. Based on an average daily volume of 937,500 shares, the days-to-cover ratio is currently 3.3 days. Approximately 1.2% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
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Waste Connections, Inc. (NYSE:WCN) announced its quarterly earnings data on Wednesday, October, 25th. The business services provider reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.03. The business services provider earned $2.06 billion during the quarter, compared to analyst estimates of $2.06 billion. Waste Connections had a trailing twelve-month return on equity of 13.95% and a net margin of 10.57%. The company's revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS.

Waste Connections announced a quarterly dividend on Wednesday, October 25th. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.285 per share on Tuesday, November 28th. This represents a $1.14 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, November 7th. This is an increase from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for WCN.

Waste Connections (NYSE:WCN) pays an annual dividend of $1.14 per share and currently has a dividend yield of 0.82%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 35.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WCN will have a dividend payout ratio of 24.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WCN.

ETFs with the largest weight of Waste Connections (NYSE:WCN) stock in their portfolio include iShares MSCI USA Min Vol Factor ETF (USMV), BlackRock Future U.S. Themes ETF (BTHM) and iShares Global Industrials ETF (EXI).Cizzle Biotechnology (CIZ).

Waste Connections shares split on the morning of Monday, June 19th 2017. The 3-2 split was announced on Wednesday, April 26th 2017. The newly issued shares were distributed to shareholders after the closing bell on Friday, June 16th 2017. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

92 employees have rated Waste Connections Chief Executive Officer Worthing Jackman on Glassdoor.com. Worthing Jackman has an approval rating of 95% among the company's employees. This puts Worthing Jackman in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Waste Connections investors own include Hawkins (HWKN), Waste Management (WM), Ingersoll Rand (IR), CA (CA), Alibaba Group (BABA), BlackRock (BLK), Visa (V), Home Depot (HD), Micron Technology (MU).

Waste Connections' stock is owned by many different retail and institutional investors. Top institutional investors include Royal Bank of Canada (4.38%), WCM Investment Management LLC (3.97%), TD Asset Management Inc (2.02%), The Manufacturers Life Insurance Company (1.23%), Wellington Management Group LLP (1.18%) and JPMorgan Chase & Co. (1.17%). Insiders that own company stock include Brian Harris, David Eddie, Eric Hansen, James Little, Jason Craft, Matthew Stephen Black, Patrick James Shea, Robert Michael Cloninger, Susan Netherton and William J Razzouk.
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Shares of WCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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