Waste Connections, Inc. (NYSE:WCN) Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 33.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,637 shares of the business services provider’s stock after acquiring an additional 31,897 shares during the quarter. SG Americas Securities LLC’s holdings in Waste Connections were worth $21,728,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Global Trust Asset Management LLC bought a new stake in shares of Waste Connections during the 3rd quarter worth about $36,000. FSA Wealth Management LLC purchased a new position in Waste Connections in the third quarter valued at about $40,000. Continuum Advisory LLC increased its position in Waste Connections by 58.0% during the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after buying an additional 83 shares during the last quarter. Asset Dedication LLC acquired a new position in Waste Connections in the 3rd quarter valued at $41,000. Finally, Kennebec Savings Bank bought a new position in Waste Connections during the third quarter worth $47,000. 86.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on WCN shares. CIBC cut their price target on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Stifel Nicolaus increased their target price on Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Morgan Stanley increased their price target on Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. cut their price target on Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Oppenheimer lifted their price objective on shares of Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. 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’s stock. According to MarketBeat, Waste Connections presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.75.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at $178.44 on Thursday. The stock has a market cap of $46.05 billion, a price-to-earnings ratio of 49.02, a PEG ratio of 2.68 and a beta of 0.76. The firm’s 50-day moving average is $180.79 and its 200 day moving average is $180.87. Waste Connections, Inc. has a 1 year low of $151.32 and a 1 year high of $194.83. 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 (NYSE:WCN) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the company posted $1.17 EPS. The firm’s revenue was up 13.3% on a year-over-year basis. Sell-side analysts anticipate that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.

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.