Waste Connections, Inc. (NYSE:WCN) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 11.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,810 shares of the business services provider’s stock after purchasing an additional 910 shares during the period. Bleakley Financial Group LLC’s holdings in Waste Connections were worth $1,512,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp lifted its stake in Waste Connections by 8.8% during the fourth quarter. Fifth Third Bancorp now owns 705 shares of the business services provider’s stock valued at $121,000 after buying an additional 57 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Waste Connections by 0.4% during the fourth quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider’s stock valued at $2,445,000 after acquiring an additional 63 shares during the period. GAMMA Investing LLC lifted its position in shares of Waste Connections by 15.0% in the 3rd quarter. GAMMA Investing LLC now owns 529 shares of the business services provider’s stock valued at $95,000 after acquiring an additional 69 shares in the last quarter. Continuum Advisory LLC boosted its stake in Waste Connections by 58.0% in the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after purchasing an additional 83 shares during the period. Finally, Kingsview Wealth Management LLC grew its position in Waste Connections by 6.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider’s stock worth $271,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

WCN has been the subject of a number of research analyst reports. 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. CIBC reduced their price objective on Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Raymond James decreased their price objective on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a research report on Friday, October 25th. Oppenheimer upped their target price on Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Scotiabank decreased their price target on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Five 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $199.06.

Waste Connections Trading Up 0.6 %

Shares of NYSE:WCN opened at $190.33 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $49.12 billion, a PE ratio of 52.29, a P/E/G ratio of 2.88 and a beta of 0.77. Waste Connections, Inc. has a 1 year low of $153.07 and a 1 year high of $194.83. The firm has a fifty day moving average price of $179.55 and a 200 day moving average price of $181.16.

Waste Connections 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.