Triasima Portfolio Management inc. Cuts Position in Waste Connections, Inc. (NYSE:WCN)

Triasima Portfolio Management inc. lessened its position in shares of Waste Connections, Inc. (NYSE:WCN) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,727 shares of the business services provider’s stock after selling 1,500 shares during the quarter. Waste Connections comprises 1.2% of Triasima Portfolio Management inc.’s portfolio, making the stock its 22nd biggest holding. Triasima Portfolio Management inc.’s holdings in Waste Connections were worth $6,298,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Global Trust Asset Management LLC purchased a new position in Waste Connections during the 3rd quarter valued at approximately $36,000. FSA Wealth Management LLC purchased a new position in Waste Connections during the 3rd quarter valued at approximately $40,000. Asset Dedication LLC purchased a new position in Waste Connections during the 3rd quarter valued at approximately $41,000. Continuum Advisory LLC grew its holdings in Waste Connections by 58.0% during the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock valued at $42,000 after buying an additional 83 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new position in Waste Connections during the 3rd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Trading Up 0.3 %

Shares of NYSE WCN opened at $189.18 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $179.55 and a two-hundred day simple moving average of $181.16. The firm has a market cap of $48.82 billion, a PE ratio of 51.97, a price-to-earnings-growth ratio of 2.88 and a beta of 0.77. Waste Connections, Inc. has a twelve month low of $153.07 and a twelve month high of $194.83.

Analyst Ratings Changes

WCN has been the subject of several analyst reports. Oppenheimer raised their price objective on Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. BMO Capital Markets lowered their price objective on Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. CIBC lowered their price objective on Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Stifel Nicolaus raised their price objective on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Scotiabank lowered their price objective on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Five investment 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.06.

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.