AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
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RUS
CHN
UAE
Highlights
- The S&P/TSX Capped Industrials Index achieved growth of almost eight per cent in March
- Waste Connections (WCN) stock’s growth in March was over nine per cent
- The TRI stock has gained over 23 per cent in the past 12 months but is in the red by over 10 per cent year-to-date (YTD)
The end products of the many companies in the industrial sector could vary a lot from one to the other. This, perhaps, makes it a little harder to characterize the sector with a broad stroke.
Some industrial stocks may thrive in one season and others may thrive in another. The S&P/TSX Capped Industrials Index achieved growth of 3.46 per cent in Q1 2022, bettering the performance of the TSX Composite Index (3.14 per cent).
The sector might be in the limelight of late after having grown almost eight per cent in March.
Waste Connections Inc and Thomson Reuters Corporation are among the top four by market cap in the industrials index, with each having market caps of C$45 billion and C$65 billion, respectively.
Let’s take a closer look at these two TSX industrial stocks.
Thomson Reuters Corporation (TSX:TRI)
The company was founded in 2008 when Canada’s Thomson Corporation merged with the London-based Reuters Group. On March 1 the stock of the company closed at C$135.73.
The stock has gained over 23 per cent in the past 12 months but is in the red by over 10 per cent year-to-date (YTD). It is 13.34 per cent lower than its 52-week high of C$156.62 seen in November 2021.
The TRI stock has an earnings-per-share (EPS) of 14.45 and its dividend yield is 1.66 per cent.
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Waste Connections Inc (TSX:WCN)
Waste Connections is said to be the third biggest integration solutions provider for dealing with waste and recycling. On March 31, its stock closed at C$174.83.
The WCN stock has gained nearly 29 per cent in a year and 4.37 per cent in the last week. Its growth in March was over nine per cent.
Its return on equity (ROE) IS 9.24 per cent and it pays a quarterly dividend of C$0.23.
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Bottom line
The above two stocks provide very different kinds of infrastructure. Thomson Reuters’ TRI is in the red YTD and Waste Connections’ WCN is in the green so far this year.
However, their gains over the last 12 months can arguably be said to be in the same ballpark. They both have a dividend-paying history.
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Please note, the above content constitutes a very preliminary observation based on the industry, and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
