6,388 Waste Connections, Inc. $WCN Shares Bought by Lmcg Investments LLC

Lmcg Investments LLC grew its holdings in Waste Connections, Inc. (NYSE:WCN) by 11.4% in the third quarter, Holdings Channel.com reports. The firm owned 62,580 shares of the business services provider’s stock after purchasing an additional 6,388 shares during the period. Lmcg Investments LLC’s holdings in Waste Connections were worth $9,633,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. XXEC Inc. acquired a new stake in shares of Waste Connections in the second quarter worth $164,870,000. Royal Bank of Canada grew its holdings in shares of Waste Connections by 0.9% during the first quarter. Royal Bank of Canada now owns 12,210,661 shares of the business services provider’s stock valued at $1,983,500,000 after buying an additional 106,763 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Waste Connections during the second quarter valued at $1,061,947,000. The Manufacturers Life Insurance Company raised its position in Waste Connections by 48.7% during the first quarter. The Manufacturers Life Insurance Company now owns 3,724,204 shares of the business services provider’s stock valued at $604,573,000 after buying an additional 1,219,056 shares during the period. Finally, Bank of America Corp DE acquired a new position in Waste Connections during the second quarter valued at $510,526,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WCN. Citigroup reduced their price objective on Waste Connections from $182.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday, October 15th. Scotiabank set a $193.00 price objective on Waste Connections in a research report on Thursday, October 15th. Raymond James Financial set a $189.00 target price on Waste Connections in a research note on Friday, October 9th. TD Cowen reiterated a “buy” rating and issued a $210.00 target price (up from $200.00) on shares of Waste Connections in a report on Friday, July 24th. Finally, Barclays upped their target price on Waste Connections from $180.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.61.

Waste Connections Stock Down 0.6%

WCN stock opened at $168.51 on Thursday. The company has a 50 day moving average of $160.94 and a two-hundred day moving average of $161.42. The company has a market cap of $42.29 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.97 and a beta of 0.49. Waste Connections, Inc. has a 12-month low of $146.89 and a 12-month high of $179.74. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.17.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, October 21st. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.52 by $0.06. Waste Connections had a net margin of 10.86% and a return on equity of 17.31%. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.60 billion. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. On average, equities analysts anticipate that Waste Connections, Inc. will post 5.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Waste Connections

In related news, SVP Robert Cloninger sold 2,811 shares of Waste Connections stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $171.02, for a total transaction of $480,737.22. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Philip Rivard sold 2,500 shares of Waste Connections stock in a transaction 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 sale, the senior vice president directly owned 734 shares of the company’s stock, valued at approximately $122,262.38. The trade was a 77.30% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is currently owned by company insiders.

Key Headlines Impacting Waste Connections

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

• Positive Sentiment: Third-quarter earnings and revenue beat estimates. Waste Connections reported adjusted EPS of $1.58, above the $1.52 Zacks consensus and $1.54 FactSet estimate. Revenue reached approximately $2.64 billion, exceeding estimates near $2.60-$2.61 billion. Waste Connections Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its full-year outlook. Improving landfill volumes, stronger operational execution and commodity-related revenue supported what the company described as another broad-based quarterly beat. Solid-waste unit volumes improved sequentially by 70 basis points, led by increased landfill activity. Waste Connections Reports Third Quarter Results and Raises Full-Year Outlook
• Positive Sentiment: Profitability and cash generation remained strong. Third-quarter revenue increased about 7.3% year over year to $2.6 billion in one reported measure, while operating profit rose 23.2% and net income attributable to common shareholders increased 25.5% to $359.2 million. Operating cash flow was $691.9 million.
• Positive Sentiment: The quarterly dividend was increased 10%. The dividend rose from $0.350 to $0.385 per share, with payment scheduled for November 19, 2026, signaling confidence in recurring cash flow. Waste Connections Announces 10 Percent Increase in Quarterly Dividend
• Neutral Sentiment: JPMorgan lowered its price target to $180. Although the target remains above recent trading levels, the reduction may have limited enthusiasm following the earnings release. JPMorgan Cuts Target to $180
• Negative Sentiment: Valuation and insider activity may weigh on the stock. WCN trades at roughly 31 times earnings, while recent reported insider transactions were dominated by sales, which could reinforce concerns that expectations are already elevated.

Waste Connections Profile

Waste Connections, Inc is a North American provider of solid waste collection, transfer, disposal and recycling services. The company serves residential, commercial, industrial and construction customers, offering scheduled and on-demand collection as well as waste management solutions tailored to municipalities and businesses.

Its operations include local collection fleets, transfer stations, recycling and resource-recovery facilities, and landfills. Waste Connections also provides non-hazardous oilfield waste services, including the collection, transportation, treatment and disposal of waste generated by energy-production activities.

Founded in 1997, Waste Connections has grown through a combination of internal development and acquisitions.