Waste Connections, Inc. (NYSE:WCN) Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its stake in Waste Connections, Inc. (NYSE:WCN) by 25.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,549 shares of the business services provider’s stock after purchasing an additional 523 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Waste Connections were worth $437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WCN. Global Trust Asset Management LLC acquired a new stake in shares of Waste Connections in the third quarter valued at about $36,000. FSA Wealth Management LLC acquired a new stake in shares of Waste Connections in the third quarter valued at about $40,000. Asset Dedication LLC purchased a new position in Waste Connections during the 3rd quarter valued at about $41,000. Continuum Advisory LLC increased 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 acquiring 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 about $47,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WCN shares. Jefferies Financial Group dropped their target price on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday. Raymond James dropped their target price on shares of Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a report on Friday, October 25th. Royal Bank of Canada raised their target price 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. JPMorgan Chase & Co. dropped their target price on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Stifel Nicolaus lifted their price target 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. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Waste Connections presently has an average rating of “Moderate Buy” and a consensus target price of $199.31.

Waste Connections Price Performance

Waste Connections stock opened at $177.86 on Monday. Waste Connections, Inc. has a 1 year low of $151.32 and a 1 year high of $194.83. The firm has a 50 day moving average price of $180.40 and a 200 day moving average price of $180.87. The company has a market cap of $45.90 billion, a price-to-earnings ratio of 48.86, a PEG ratio of 2.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77.

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.