Financial Advocates Investment Management Trims Holdings in Waste Connections, Inc. (NYSE:WCN)

Financial Advocates Investment Management lowered its position in shares of Waste Connections, Inc. (NYSE:WCN) by 21.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,616 shares of the business services provider’s stock after selling 429 shares during the quarter. Financial Advocates Investment Management’s holdings in Waste Connections were worth $277,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bleakley Financial Group LLC raised its holdings in Waste Connections by 11.5% during the fourth quarter. Bleakley Financial Group LLC now owns 8,810 shares of the business services provider’s stock valued at $1,512,000 after acquiring an additional 910 shares during the period. Cassia Capital Partners LLC grew its position in shares of Waste Connections by 33.4% during the fourth quarter. Cassia Capital Partners LLC now owns 5,320 shares of the business services provider’s stock worth $912,000 after purchasing an additional 1,332 shares in the last quarter. Calamos Wealth Management LLC raised its stake in Waste Connections by 1.5% during the 4th quarter. Calamos Wealth Management LLC now owns 13,688 shares of the business services provider’s stock valued at $2,349,000 after purchasing an additional 199 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of Waste Connections by 6.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 6,304 shares of the business services provider’s stock valued at $1,082,000 after buying an additional 375 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Waste Connections by 0.4% in the fourth quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider’s stock worth $2,445,000 after buying an additional 63 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WCN has been the subject of several research analyst reports. Oppenheimer raised their target price on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Morgan Stanley lifted their target price on Waste Connections from $206.00 to $214.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Stifel Nicolaus increased their price target on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. CIBC reduced their price objective on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Finally, BMO Capital Markets lowered their target price on Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $199.06.

Waste Connections Stock Up 0.6 %

Waste Connections stock opened at $190.33 on Monday. 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 firm has a market cap of $49.12 billion, a P/E ratio of 52.29, a P/E/G ratio of 2.97 and a beta of 0.77. The business has a fifty day moving average of $179.50 and a two-hundred day moving average of $181.22. Waste Connections, Inc. has a twelve month low of $153.07 and a twelve month high of $194.83.

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.