Appleton Partners Inc. MA Raises Stake in Waste Connections, Inc. (NYSE:WCN)

Appleton Partners Inc. MA increased its position in shares of Waste Connections, Inc. (NYSE:WCN) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,793 shares of the business services provider’s stock after purchasing an additional 2,392 shares during the period. Appleton Partners Inc. MA’s holdings in Waste Connections were worth $8,543,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in Waste Connections by 307.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock worth $344,615,000 after purchasing an additional 1,453,733 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Waste Connections by 432.6% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider’s stock valued at $225,078,000 after buying an additional 1,022,851 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Waste Connections by 35.3% in the third quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider’s stock worth $478,777,000 after buying an additional 699,012 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Waste Connections by 44.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider’s stock worth $351,037,000 after acquiring an additional 602,055 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in Waste Connections by 199.4% during the third quarter. Two Sigma Advisers LP now owns 591,250 shares of the business services provider’s stock valued at $105,727,000 after acquiring an additional 393,763 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Analyst Upgrades and Downgrades

WCN has been the topic of several research analyst reports. BMO Capital Markets decreased their price target on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Morgan Stanley boosted their target price on Waste Connections from $206.00 to $214.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Stifel Nicolaus lifted their price objective on Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Oppenheimer upped their price objective on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Jefferies Financial Group cut their target price on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $199.06.

Waste Connections Trading Up 0.6 %

Shares of NYSE WCN opened at $190.33 on Friday. Waste Connections, Inc. has a fifty-two week low of $153.07 and a fifty-two week high of $194.83. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $49.12 billion, a price-to-earnings ratio of 52.29, a PEG ratio of 2.88 and a beta of 0.77. The business’s 50 day moving average price is $179.55 and its 200-day moving average price is $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.