Waste Connections, Inc. $WCN Holdings Reduced by WCM Investment Management LLC

WCM Investment Management LLC lessened its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,462,113 shares of the business services provider’s stock after selling 39,606 shares during the period. Waste Connections accounts for about 2.3% of WCM Investment Management LLC’s investment portfolio, making the stock its 17th biggest holding. WCM Investment Management LLC’s holdings in Waste Connections were worth $1,126,346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WCN. Norges Bank bought a new stake in Waste Connections during the 2nd quarter valued at $755,938,000. Picton Mahoney Asset Management acquired a new position in shares of Waste Connections during the second quarter valued at $140,935,000. Montrusco Bolton Investments Inc. raised its stake in shares of Waste Connections by 46.6% during the second quarter. Montrusco Bolton Investments Inc. now owns 2,306,702 shares of the business services provider’s stock valued at $419,451,000 after purchasing an additional 732,718 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Waste Connections by 55.7% during the third quarter. CIBC Asset Management Inc now owns 1,991,112 shares of the business services provider’s stock valued at $350,603,000 after purchasing an additional 711,990 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Waste Connections by 14.0% in the second quarter. Mackenzie Financial Corp now owns 5,217,973 shares of the business services provider’s stock worth $975,190,000 after purchasing an additional 642,426 shares during the period. 86.09% of the stock is owned by institutional investors.

Waste Connections Stock Up 0.3%

WCN stock opened at $168.14 on Tuesday. The firm has a market cap of $42.99 billion, a PE ratio of 70.06, a P/E/G ratio of 3.03 and a beta of 0.62. Waste Connections, Inc. has a 12 month low of $162.06 and a 12 month high of $201.66. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a 50 day simple moving average of $172.11 and a 200 day simple moving average of $175.63.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $205.00 target price (up previously from $200.00) on shares of Waste Connections in a research note on Monday, January 5th. BNP Paribas Exane began coverage on shares of Waste Connections in a report on Tuesday, January 6th. They issued an “outperform” rating for the company. Oppenheimer reissued an “outperform” rating and set a $205.00 target price (down previously from $206.00) on shares of Waste Connections in a report on Friday, January 23rd. National Bankshares cut their target price on Waste Connections from $211.00 to $196.00 and set an “outperform” rating for the company in a research report on Tuesday, October 7th. Finally, The Goldman Sachs Group initiated coverage on Waste Connections in a research note on Monday, November 24th. They set a “buy” rating and a $202.00 price target for the company. Five equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Waste Connections has an average rating of “Buy” and a consensus target price of $206.50.

About Waste Connections

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.