Waste Connections (WCN) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Waste Connections (NYSE: WCN):

• 2/14/2025 – Waste Connections had its price target raised by analysts at Morgan Stanley from $214.00 to $219.00. They now have an “overweight” rating on the stock.
• 2/14/2025 – Waste Connections was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 2/14/2025 – Waste Connections had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $210.00 price target on the stock, up previously from $200.00.
• 1/30/2025 – Waste Connections had its price target lowered by analysts at Jefferies Financial Group Inc. from $225.00 to $210.00. They now have a “buy” rating on the stock.
• 1/27/2025 – Waste Connections had its price target lowered by analysts at Scotiabank from $196.00 to $192.00. They now have a “sector perform” rating on the stock.
• 1/23/2025 – Waste Connections had its price target lowered by analysts at Jefferies Financial Group Inc. from $225.00 to $210.00. They now have a “buy” rating on the stock.
• 1/13/2025 – Waste Connections had its price target raised by analysts at Citigroup Inc. from $195.00 to $196.00. They now have a “neutral” rating on the stock.
• 12/19/2024 – Waste Connections had its price target lowered by analysts at CIBC from $215.00 to $212.00. They now have an “outperform” rating on the stock.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at $189.08 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The company has a market cap of $48.80 billion, a PE ratio of 51.94, a price-to-earnings-growth ratio of 2.97 and a beta of 0.77. The company has a 50 day moving average of $179.36 and a 200-day moving average of $181.67. Waste Connections, Inc. has a 1-year low of $160.34 and a 1-year high of $194.83.

Waste Connections (NYSE:WCN) last released its earnings results on Wednesday, February 12th. The business services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.04). Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. As a group, equities research analysts forecast that Waste Connections, Inc. will post 4.83 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, February 27th. Waste Connections’s dividend payout ratio is presently 34.62%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WCN. Visualize Group LP acquired a new position in Waste Connections during the 4th quarter worth approximately $31,226,000. Wahed Invest LLC lifted its stake in shares of Waste Connections by 12.4% in the 4th quarter. Wahed Invest LLC now owns 3,785 shares of the business services provider’s stock valued at $649,000 after acquiring an additional 418 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Waste Connections by 65.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,979 shares of the business services provider’s stock valued at $2,227,000 after acquiring an additional 5,154 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Waste Connections by 3.1% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 391,062 shares of the business services provider’s stock worth $67,054,000 after acquiring an additional 11,881 shares during the last quarter. Finally, Gallo Partners LP acquired a new position in Waste Connections in the 4th quarter worth about $3,482,000. Institutional investors own 86.09% of the company’s stock.

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.