Mount Yale Investment Advisors LLC Trims Stake in Waste Connections, Inc. (NYSE:WCN)

Mount Yale Investment Advisors LLC trimmed its position in Waste Connections, Inc. (NYSE:WCN) by 26.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,727 shares of the business services provider’s stock after selling 2,111 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Waste Connections were worth $983,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WCN. Thrivent Financial for Lutherans lifted its stake in Waste Connections by 10.2% in the second quarter. Thrivent Financial for Lutherans now owns 10,106 shares of the business services provider’s stock worth $1,772,000 after acquiring an additional 932 shares during the period. Scientech Research LLC purchased a new stake in shares of Waste Connections in the 2nd quarter worth approximately $322,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Waste Connections by 134.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,768 shares of the business services provider’s stock valued at $2,590,000 after purchasing an additional 8,469 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Waste Connections by 16.0% during the second quarter. NewEdge Advisors LLC now owns 6,664 shares of the business services provider’s stock valued at $1,168,000 after buying an additional 918 shares during the period. Finally, Kimelman & Baird LLC bought a new position in Waste Connections in the second quarter worth approximately $33,749,000. Institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Citigroup raised their price objective on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Stifel Nicolaus boosted their target price on shares of Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada raised their price target on shares of Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group cut their price objective on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Five research 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $199.06.

Waste Connections Stock Up 2.2 %

Waste Connections stock opened at $181.64 on Tuesday. The business’s 50-day simple moving average is $180.40 and its two-hundred day simple moving average is $180.87. 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 $46.87 billion, a PE ratio of 49.90, a PEG ratio of 2.67 and a beta of 0.76. Waste Connections, Inc. has a fifty-two week low of $153.07 and a fifty-two week high of $194.83.

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.