Van ECK Associates Corp Buys 5,857 Shares of Waste Connections, Inc. (NYSE:WCN)

Van ECK Associates Corp raised its holdings in shares of Waste Connections, Inc. (NYSE:WCNFree Report) by 10.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,709 shares of the business services provider’s stock after purchasing an additional 5,857 shares during the quarter. Van ECK Associates Corp’s holdings in Waste Connections were worth $8,287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC grew its stake in Waste Connections by 36.0% in the 1st quarter. HighTower Advisors LLC now owns 10,714 shares of the business services provider’s stock valued at $1,501,000 after buying an additional 2,835 shares during the last quarter. Private Advisor Group LLC boosted its stake in Waste Connections by 10.4% in the 1st quarter. Private Advisor Group LLC now owns 3,202 shares of the business services provider’s stock valued at $448,000 after purchasing an additional 301 shares during the period. Vontobel Holding Ltd. grew its holdings in Waste Connections by 39.5% in the 1st quarter. Vontobel Holding Ltd. now owns 11,747 shares of the business services provider’s stock valued at $1,641,000 after buying an additional 3,328 shares in the last quarter. Blair William & Co. IL grew its holdings in Waste Connections by 34.9% in the 1st quarter. Blair William & Co. IL now owns 40,524 shares of the business services provider’s stock valued at $5,661,000 after buying an additional 10,473 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Waste Connections by 6.2% during the first quarter. Sei Investments Co. now owns 133,034 shares of the business services provider’s stock worth $18,661,000 after buying an additional 7,734 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WCN shares. Citigroup raised their price target on shares of Waste Connections from $136.00 to $163.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Jefferies Financial Group boosted their price target on Waste Connections from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Royal Bank of Canada raised their price objective on Waste Connections from $164.00 to $169.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 23rd. Wells Fargo & Company increased their target price on Waste Connections from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Finally, Stifel Nicolaus boosted their price target on Waste Connections from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $162.69.

View Our Latest Stock Report on Waste Connections

Insider Transactions at Waste Connections

In related news, SVP Philip Rivard sold 5,097 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $146.26, for a total value of $745,487.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by company insiders.

Waste Connections Trading Up 0.5 %

WCN opened at $156.70 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.73 and a quick ratio of 0.73. Waste Connections, Inc. has a fifty-two week low of $126.12 and a fifty-two week high of $158.49. The company’s 50 day moving average price is $149.18 and its two-hundred day moving average price is $141.15. The firm has a market capitalization of $40.38 billion, a price-to-earnings ratio of 48.66, a PEG ratio of 2.92 and a beta of 0.65.

About Waste Connections

(Free Report)

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.

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Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

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