Triasima Portfolio Management inc. Cuts Stake in Waste Connections, Inc. (NYSE:WCN)

Triasima Portfolio Management inc. reduced its stake in Waste Connections, Inc. (NYSE:WCN) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,727 shares of the business services provider’s stock after selling 1,500 shares during the period. Waste Connections makes up 1.2% of Triasima Portfolio Management inc.’s portfolio, making the stock its 22nd biggest position. Triasima Portfolio Management inc.’s holdings in Waste Connections were worth $6,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of WCN. GAMMA Investing LLC grew its stake in shares of Waste Connections by 15.0% in the third quarter. GAMMA Investing LLC now owns 529 shares of the business services provider’s stock worth $95,000 after acquiring an additional 69 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Waste Connections by 90.3% during the third quarter. Atomi Financial Group Inc. now owns 2,505 shares of the business services provider’s stock valued at $448,000 after purchasing an additional 1,189 shares in the last quarter. CWM LLC lifted its holdings in shares of Waste Connections by 43.0% during the third quarter. CWM LLC now owns 1,218 shares of the business services provider’s stock valued at $218,000 after purchasing an additional 366 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Waste Connections by 11.3% during the third quarter. Valeo Financial Advisors LLC now owns 3,996 shares of the business services provider’s stock valued at $715,000 after purchasing an additional 406 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of Waste Connections by 92.1% during the third quarter. Ritholtz Wealth Management now owns 6,052 shares of the business services provider’s stock valued at $1,082,000 after purchasing an additional 2,901 shares in the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.

Waste Connections Stock Performance

Shares of WCN opened at $189.18 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The business has a 50-day simple moving average of $179.55 and a two-hundred day simple moving average of $181.16. The stock has a market cap of $48.82 billion, a price-to-earnings ratio of 51.97, a PEG ratio of 2.88 and a beta of 0.77. Waste Connections, Inc. has a 52 week low of $153.07 and a 52 week high of $194.83.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Oppenheimer upped their price target on Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Scotiabank lowered their price target on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Stifel Nicolaus upped their price target on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Citigroup upped their price target on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada increased their target price on Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned 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 target price of $199.06.

About Waste Connections

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.