Pathstone Family Office LLC grew its stake in shares of Waste Connections, Inc. (NYSE:WCN – Free Report) by 56.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,411 shares of the business services provider’s stock after acquiring an additional 4,114 shares during the period. Pathstone Family Office LLC’s holdings in Waste Connections were worth $1,532,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Optiver Holding B.V. bought a new position in shares of Waste Connections during the 2nd quarter valued at approximately $25,000. Cary Street Partners Investment Advisory LLC grew its position in shares of Waste Connections by 2,428.6% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 170 shares during the period. Power Corp of Canada purchased a new stake in shares of Waste Connections during the 1st quarter valued at approximately $84,000. Advisors Asset Management Inc. purchased a new stake in shares of Waste Connections during the 4th quarter valued at approximately $85,000. Finally, Amalgamated Bank lifted its stake in shares of Waste Connections by 17.6% during the 4th quarter. Amalgamated Bank now owns 742 shares of the business services provider’s stock valued at $98,000 after buying an additional 111 shares in the last quarter. 85.02% of the stock is owned by institutional investors.
Waste Connections Price Performance
Shares of NYSE:WCN opened at $156.71 on Monday. The company’s fifty day moving average price is $149.18 and its 200-day moving average price is $141.13. The firm has a market capitalization of $40.38 billion, a price-to-earnings ratio of 48.67, a PEG ratio of 2.93 and a beta of 0.65. Waste Connections, Inc. has a one year low of $126.12 and a one year high of $158.49. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.73 and a quick ratio of 0.73.
Insider Transactions at Waste Connections
Analysts Set New Price Targets
A number of analysts recently commented on WCN shares. Citigroup upped their price target on shares of Waste Connections from $136.00 to $163.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Oppenheimer upped their price target on shares of Waste Connections from $154.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. Royal Bank of Canada upped their price target on shares of Waste Connections from $164.00 to $169.00 and gave the company an “outperform” rating in a research note on Tuesday, January 23rd. Morgan Stanley upped their price target on shares of Waste Connections from $171.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, December 4th. Finally, Wells Fargo & Company increased their target price on shares of Waste Connections from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Four 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.69.
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.
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