8,460 Shares of Waste Connections, Inc. $WCN Acquired by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. bought a new position in Waste Connections, Inc. (NYSE:WCN) in the third quarter, Holdings Channel.com reports. The firm bought 8,460 shares of the business services provider’s stock, valued at approximately $1,305,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WCN. Formuepleje A S increased its position in Waste Connections by 12.3% during the 3rd quarter. Formuepleje A S now owns 37,662 shares of the business services provider’s stock worth $5,797,000 after purchasing an additional 4,118 shares in the last quarter. Curated Wealth Partners LLC bought a new position in Waste Connections in the 3rd quarter valued at approximately $466,000. Sax Wealth Advisors LLC bought a new position in Waste Connections in the 3rd quarter valued at approximately $350,000. Perpetual Ltd lifted its stake in Waste Connections by 1.5% in the 3rd quarter. Perpetual Ltd now owns 97,655 shares of the business services provider’s stock valued at $15,032,000 after purchasing an additional 1,466 shares during the last quarter. Finally, Athena Wealth Management LLC boosted its position in Waste Connections by 6.7% in the third quarter. Athena Wealth Management LLC now owns 1,829 shares of the business services provider’s stock valued at $282,000 after buying an additional 115 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WCN shares. Morgan Stanley cut their target price on shares of Waste Connections from $205.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday. Scotiabank set a $193.00 price target on shares of Waste Connections in a report on Thursday. Citigroup dropped their price target on Waste Connections from $182.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday. Wolfe Research assumed coverage on Waste Connections in a research note on Tuesday, September 15th. They issued an “outperform” rating and a $204.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on Waste Connections from $195.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $198.61.

Insider Buying and Selling

In other Waste Connections news, SVP Philip Rivard sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $166.57, for a total value of $416,425.00. Following the completion of the transaction, the senior vice president directly owned 734 shares in the company, valued at approximately $122,262.38. This represents a 77.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Robert Cloninger sold 2,811 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $171.02, for a total transaction of $480,737.22. Following the completion of the transaction, the senior vice president owned 11,666 shares of the company’s stock, valued at approximately $1,995,119.32. This trade represents a 19.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.27% of the company’s stock.

Waste Connections News Roundup

Here are the key news stories impacting Waste Connections this week:

• Positive Sentiment: Bernstein initiated or reiterated a Buy rating on Waste Connections, providing a positive analyst endorsement. Waste Connections Receives a Buy from Bernstein
• Positive Sentiment: Zacks identified WCN as a top-ranked momentum stock, suggesting favorable recent price and trading trends that could attract growth and momentum investors. Waste Connections Is a Top-Ranked Momentum Stock
• Positive Sentiment: Waste Connections was featured among dividend stocks viewed as capable of continuing to grow while passing higher costs on to customers, reinforcing the appeal of its defensive, recurring-revenue business model. Dividend Stocks That Could Keep Growing
• Neutral Sentiment: Morgan Stanley lowered its price target to $195, but the revised target remains above the current trading level. The change signals more cautious valuation expectations rather than an outright bearish view. Morgan Stanley Cuts Waste Connections Stock Target
• Negative Sentiment: Citigroup reduced its price target from $182 to $175 and assigned a Neutral rating, limiting the perceived near-term upside and adding pressure to the valuation narrative. Citigroup Lowers Waste Connections Price Target
• Negative Sentiment: Recent previews indicate that WCN may not have the combination of factors typically associated with an earnings beat, creating a risk ahead of next week’s results. Waste Connections Earnings Preview

Waste Connections Stock Performance

Shares of WCN stock opened at $165.62 on Friday. The firm has a market capitalization of $41.57 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.75 and a beta of 0.49. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.17. The business’s 50-day moving average price is $160.81 and its 200-day moving average price is $161.29. Waste Connections, Inc. has a 12 month low of $146.89 and a 12 month high of $179.74.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.15. Waste Connections had a return on equity of 17.31% and a net margin of 10.86%. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. Equities research analysts forecast that Waste Connections, Inc. will post 5.65 EPS for the current year.

Waste Connections Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, August 6th. Waste Connections’s payout ratio is presently 33.73%.

Waste Connections Profile

Waste Connections, Inc is a North American provider of solid waste collection, transfer, disposal, recycling and resource recovery services. The company serves residential, commercial, industrial and construction customers through local operations and provides services under municipal and other contracted arrangements.

Its business includes curbside and commercial waste collection, transfer stations, solid waste landfills, recycling facilities and organics processing. Waste Connections also provides environmental services for energy-producing customers, including the management and disposal of non-hazardous oilfield waste, and operates resource recovery and renewable energy projects in connection with certain waste facilities.

Founded in 1997, Waste Connections serves communities across the United States and Canada.