J. Safra Sarasin Holding AG Buys New Shares in Waste Connections, Inc. $WCN

J. Safra Sarasin Holding AG acquired a new position in shares of Waste Connections, Inc. (NYSE:WCN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,570 shares of the business services provider’s stock, valued at approximately $293,000.

Several other hedge funds have also bought and sold shares of WCN. Ramirez Asset Management Inc. raised its stake in Waste Connections by 122.0% in the first quarter. Ramirez Asset Management Inc. now owns 182 shares of the business services provider’s stock valued at $36,000 after buying an additional 100 shares during the period. Larson Financial Group LLC increased its holdings in shares of Waste Connections by 994.4% during the 1st quarter. Larson Financial Group LLC now owns 197 shares of the business services provider’s stock worth $38,000 after acquiring an additional 179 shares during the last quarter. Valley National Advisers Inc. raised its stake in Waste Connections by 232.3% in the 1st quarter. Valley National Advisers Inc. now owns 216 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 151 shares during the period. Louisbourg Investments Inc. lifted its holdings in Waste Connections by 128.6% during the 1st 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. Finally, Hexagon Capital Partners LLC boosted its position in Waste Connections by 29.2% during the first quarter. Hexagon Capital Partners LLC now owns 283 shares of the business services provider’s stock worth $55,000 after purchasing an additional 64 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Trading Up 0.7%

Shares of WCN opened at $174.30 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.67. Waste Connections, Inc. has a 52-week low of $169.36 and a 52-week high of $201.66. The firm has a market cap of $44.72 billion, a price-to-earnings ratio of 70.28, a PEG ratio of 3.15 and a beta of 0.62. The business’s fifty day moving average is $181.16 and its 200-day moving average is $187.29.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $1.29 earnings per share (EPS) 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 firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 EPS. Waste Connections has set its FY 2025 guidance at EPS. Equities analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Wednesday, August 6th were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 6th. Waste Connections’s dividend payout ratio (DPR) is 50.81%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Oppenheimer increased their price target on shares of Waste Connections from $216.00 to $218.00 and gave the company an “outperform” rating in a report on Wednesday, July 9th. Melius Research upgraded Waste Connections to a “strong-buy” rating and set a $213.00 target price on the stock in a research note on Monday, June 9th. Weiss Ratings restated a “hold (c)” rating on shares of Waste Connections in a research note on Saturday, September 27th. Stifel Nicolaus assumed coverage on Waste Connections in a report on Tuesday, September 30th. They issued a “buy” rating and a $221.00 price objective on the stock. Finally, Scotiabank lifted their target price on Waste Connections from $202.00 to $208.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Five analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $213.64.

About Waste Connections

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.