Waste Connections, Inc. (NYSE:WCN) Shares Acquired by Calamos Wealth Management LLC

Calamos Wealth Management LLC increased its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,688 shares of the business services provider’s stock after purchasing an additional 199 shares during the quarter. Calamos Wealth Management LLC’s holdings in Waste Connections were worth $2,349,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Versor Investments LP raised its holdings in Waste Connections by 75.1% during the third quarter. Versor Investments LP now owns 8,221 shares of the business services provider’s stock worth $1,470,000 after purchasing an additional 3,527 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Waste Connections in the third quarter worth approximately $552,000. Dynamic Technology Lab Private Ltd purchased a new stake in Waste Connections during the 3rd quarter worth $2,503,000. Barclays PLC increased its stake in Waste Connections by 34.3% during the 3rd quarter. Barclays PLC now owns 303,040 shares of the business services provider’s stock worth $54,190,000 after buying an additional 77,466 shares during the period. Finally, Mesirow Financial Investment Management Inc. boosted its stake in Waste Connections by 65.6% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 3,034 shares of the business services provider’s stock valued at $543,000 after acquiring an additional 1,202 shares during the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Waste Connections Trading Up 1.9 %

NYSE WCN opened at $187.32 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. Waste Connections, Inc. has a 12 month low of $153.07 and a 12 month high of $194.83. The company has a market capitalization of $48.34 billion, a PE ratio of 51.46, a P/E/G ratio of 2.88 and a beta of 0.77. The stock has a 50-day simple moving average of $179.94 and a 200 day simple moving average of $180.95.

Wall Street Analysts Forecast Growth

WCN has been the topic of a number of research reports. BMO Capital Markets dropped their price target on Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Jefferies Financial Group decreased their price target on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. 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 note on Friday, October 25th. Eight Capital raised Waste Connections to a “hold” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. decreased their target price on Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $199.06.

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.