Entropy Technologies LP Takes $706,000 Position in Waste Connections, Inc. (NYSE:WCN)

Entropy Technologies LP purchased a new position in shares of Waste Connections, Inc. (NYSE:WCN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,112 shares of the business services provider’s stock, valued at approximately $706,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its position in shares of Waste Connections by 8.8% during the fourth quarter. Fifth Third Bancorp now owns 705 shares of the business services provider’s stock worth $121,000 after acquiring an additional 57 shares during the last quarter. Jennison Associates LLC boosted its stake in Waste Connections by 0.4% during the 4th quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider’s stock worth $2,445,000 after purchasing an additional 63 shares during the period. GAMMA Investing LLC grew its position in Waste Connections by 15.0% during the 3rd quarter. GAMMA Investing LLC now owns 529 shares of the business services provider’s stock worth $95,000 after purchasing an additional 69 shares during the last quarter. Continuum Advisory LLC increased its stake in Waste Connections by 58.0% in the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 83 shares during the period. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Waste Connections by 6.3% in the third quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider’s stock valued at $271,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WCN. Jefferies Financial Group lowered their price target on Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. CIBC dropped their target price on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Oppenheimer upped their price target on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Royal Bank of Canada lifted their price objective on shares of Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus upped their price objective on shares of Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Waste Connections presently has an average rating of “Moderate Buy” and an average price target of $199.06.

Waste Connections Stock Performance

NYSE WCN opened at $189.88 on Wednesday. The business has a 50 day moving average price of $179.48 and a 200 day moving average price of $181.33. The company has a market capitalization of $49.00 billion, a P/E ratio of 52.17, a PEG ratio of 2.97 and a beta of 0.77. Waste Connections, Inc. has a 1-year low of $153.07 and a 1-year high of $194.83. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77.

Waste Connections Company Profile

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.