Waste Connections, Inc. (NYSE:WCN) Stock Holdings Decreased by Equitable Trust Co.

Equitable Trust Co. lessened its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 32.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,907 shares of the business services provider’s stock after selling 5,647 shares during the period. Equitable Trust Co.’s holdings in Waste Connections were worth $2,043,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Global Trust Asset Management LLC bought a new stake in shares of Waste Connections during the 3rd quarter valued at about $36,000. FSA Wealth Management LLC bought a new stake in shares of Waste Connections during the 3rd quarter valued at about $40,000. Asset Dedication LLC bought a new stake in shares of Waste Connections during the 3rd quarter valued at about $41,000. Continuum Advisory LLC grew its position in shares of Waste Connections by 58.0% during the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock valued at $42,000 after buying an additional 83 shares during the last quarter. Finally, Kennebec Savings Bank bought a new stake in shares of Waste Connections during the 3rd quarter valued at about $47,000. Institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WCN. JPMorgan Chase & Co. lowered their price objective on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada boosted their target price 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. Citigroup boosted their target price on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Stifel Nicolaus boosted their target price on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Raymond James reduced their target price on shares of Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a research note on Friday, October 25th. Five 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.06.

Waste Connections Trading Down 0.3 %

Shares of NYSE:WCN opened at $189.66 on Tuesday. The company has a 50 day moving average of $179.50 and a 200-day moving average of $181.23. The firm has a market cap of $48.95 billion, a P/E ratio of 52.10, a P/E/G ratio of 2.97 and a beta of 0.77. Waste Connections, Inc. has a twelve month low of $153.07 and a twelve month high of $194.83. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99.

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.