CENTRAL TRUST Co Acquires 1,021 Shares of Waste Connections, Inc. (NYSE:WCN)

CENTRAL TRUST Co lifted its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,131 shares of the business services provider’s stock after purchasing an additional 1,021 shares during the period. CENTRAL TRUST Co’s holdings in Waste Connections were worth $1,567,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Versor Investments LP raised its holdings in Waste Connections by 75.1% during the 3rd quarter. Versor Investments LP now owns 8,221 shares of the business services provider’s stock valued at $1,470,000 after acquiring an additional 3,527 shares during the period. Blueshift Asset Management LLC purchased a new position in Waste Connections in the 3rd quarter worth approximately $552,000. Dynamic Technology Lab Private Ltd purchased a new position in Waste Connections in the 3rd quarter worth approximately $2,503,000. Barclays PLC raised its position in shares of Waste Connections by 34.3% during the 3rd quarter. Barclays PLC now owns 303,040 shares of the business services provider’s stock valued at $54,190,000 after buying an additional 77,466 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. lifted its holdings in shares of Waste Connections by 65.6% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 3,034 shares of the business services provider’s stock worth $543,000 after acquiring an additional 1,202 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Stock Performance

NYSE:WCN opened at $187.32 on Tuesday. 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 firm’s fifty day simple moving average is $179.94 and its 200 day simple moving average is $180.95. The stock has a market cap of $48.34 billion, a P/E ratio of 51.46, a price-to-earnings-growth ratio of 2.88 and a beta of 0.76. Waste Connections, Inc. has a twelve month low of $153.07 and a twelve month high of $194.83.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WCN shares. Citigroup raised their price target on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Raymond James dropped their target price on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a research report on Friday, October 25th. Eight Capital upgraded shares of Waste Connections to a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price objective 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, BMO Capital Markets reduced their target price on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $199.06.

About Waste Connections

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.