WCM Investment Management LLC Sells 1,327,001 Shares of Waste Connections, Inc. (NYSE:WCN)

WCM Investment Management LLC lowered its holdings in Waste Connections, Inc. (NYSE:WCN) by 17.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,365,380 shares of the business services provider’s stock after selling 1,327,001 shares during the period. Waste Connections comprises about 2.6% of WCM Investment Management LLC’s portfolio, making the stock its 12th largest holding. WCM Investment Management LLC owned 2.47% of Waste Connections worth $1,089,562,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Global Trust Asset Management LLC acquired a new stake in Waste Connections in the third quarter valued at $36,000. FSA Wealth Management LLC acquired a new stake in Waste Connections in the third quarter valued at $40,000. Continuum Advisory LLC lifted 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 acquiring an additional 83 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of Waste Connections during the 3rd quarter worth about $41,000. Finally, Kennebec Savings Bank acquired a new stake in shares of Waste Connections during the 3rd quarter worth about $47,000. Institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on WCN shares. Stifel Nicolaus raised their target price on shares of Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Morgan Stanley raised their target price on shares of Waste Connections from $206.00 to $214.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. BMO Capital Markets cut their target price on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Citigroup raised their target price on shares of Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Waste Connections currently has a consensus rating of “Moderate Buy” and an average target price of $199.06.

Waste Connections Stock Up 0.6 %

NYSE:WCN opened at $190.33 on Friday. The firm’s 50 day simple moving average is $179.50 and its 200 day simple moving average is $181.22. 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, Inc. has a one year low of $153.07 and a one year high of $194.83. The company has a market cap of $49.12 billion, a PE ratio of 52.29, a P/E/G ratio of 2.97 and a beta 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.