Waste Connections, Inc. (NYSE:WCN) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management lessened its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 21.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,616 shares of the business services provider’s stock after selling 429 shares during the quarter. Financial Advocates Investment Management’s holdings in Waste Connections were worth $277,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Global Trust Asset Management LLC acquired a new position in Waste Connections during the 3rd quarter valued at approximately $36,000. FSA Wealth Management LLC purchased a new stake in shares of Waste Connections during the third quarter valued at $40,000. Asset Dedication LLC acquired a new position in shares of Waste Connections in the 3rd quarter valued at $41,000. Continuum Advisory LLC lifted its position in Waste Connections by 58.0% during the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after acquiring an additional 83 shares during the period. Finally, Kennebec Savings Bank purchased a new stake in Waste Connections during the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analysts Set New Price Targets

WCN has been the subject of a number of research reports. BMO Capital Markets decreased their target price on Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Scotiabank dropped their price objective on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. 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 note on Thursday, January 30th. Oppenheimer boosted their target price on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Raymond James reduced their price objective on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a research note on Friday, October 25th. Five investment 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $199.06.

Waste Connections Trading Up 0.6 %

Shares of Waste Connections stock opened at $190.33 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. The stock’s 50 day simple moving average is $179.50 and its 200-day simple moving average is $181.22. The stock has a market cap of $49.12 billion, a P/E ratio of 52.29, a P/E/G ratio of 2.97 and a beta of 0.77. Waste Connections, Inc. has a 1-year low of $153.07 and a 1-year high of $194.83.

Waste Connections Company 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.