Waste Connections, Inc. (NYSE:WCN) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 23.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,428 shares of the business services provider’s stock after buying an additional 834 shares during the period. Atria Wealth Solutions Inc.’s holdings in Waste Connections were worth $864,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. WCM Investment Management LLC boosted its stake in Waste Connections by 0.3% during the first quarter. WCM Investment Management LLC now owns 6,383,780 shares of the business services provider’s stock worth $1,230,984,000 after buying an additional 18,400 shares during the last quarter. Capital International Investors boosted its stake in Waste Connections by 17.8% during the fourth quarter. Capital International Investors now owns 5,949,152 shares of the business services provider’s stock worth $1,020,672,000 after buying an additional 899,058 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Waste Connections by 2.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,736,179 shares of the business services provider’s stock worth $984,214,000 after buying an additional 150,683 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Waste Connections by 5.8% during the first quarter. Mackenzie Financial Corp now owns 4,575,547 shares of the business services provider’s stock worth $892,023,000 after buying an additional 250,684 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in Waste Connections by 3.3% during the first quarter. TD Asset Management Inc now owns 3,819,259 shares of the business services provider’s stock worth $744,420,000 after buying an additional 120,752 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Price Performance

WCN stock opened at $190.56 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $49.24 billion, a PE ratio of 76.84, a P/E/G ratio of 3.39 and a beta of 0.58. Waste Connections, Inc. has a 12-month low of $169.36 and a 12-month high of $201.66. The business’s fifty day moving average price is $186.40 and its 200 day moving average price is $189.56.

Waste Connections (NYSE:WCN) last posted its quarterly earnings data 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 firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.39 billion. Waste Connections had a return on equity of 15.72% and a net margin of 6.97%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 EPS. On average, sell-side analysts anticipate that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Wednesday, August 6th will be issued a dividend of $0.315 per share. The ex-dividend date is 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%.

Wall Street Analysts Forecast Growth

WCN has been the topic of a number of recent research reports. Raymond James Financial lowered their price objective on Waste Connections from $224.00 to $211.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 22nd. Melius Research upgraded Waste Connections to a “strong-buy” rating and set a $213.00 target price on the stock in a research report on Monday, June 9th. Truist Financial set a $220.00 target price on Waste Connections in a research report on Friday, April 25th. Melius started coverage on Waste Connections in a research report on Monday, June 9th. They issued a “buy” rating on the stock. Finally, National Bank Financial upgraded Waste Connections to a “strong-buy” rating in a research report on Monday, May 26th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $215.00.

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.