Waste Connections, Inc. (NYSE:WCN) Stake Lifted by Sycomore Asset Management

Sycomore Asset Management grew its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 80.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 117,228 shares of the business services provider’s stock after acquiring an additional 52,372 shares during the period. Waste Connections comprises 2.5% of Sycomore Asset Management’s investment portfolio, making the stock its 9th biggest position. Sycomore Asset Management’s holdings in Waste Connections were worth $20,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of WCN. GAMMA Investing LLC increased its stake in shares of Waste Connections by 15.0% in the third quarter. GAMMA Investing LLC now owns 529 shares of the business services provider’s stock worth $95,000 after purchasing an additional 69 shares in the last quarter. CWM LLC boosted its holdings in Waste Connections by 43.0% in the 3rd quarter. CWM LLC now owns 1,218 shares of the business services provider’s stock worth $218,000 after buying an additional 366 shares during the period. Valeo Financial Advisors LLC grew its stake in Waste Connections by 11.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,996 shares of the business services provider’s stock valued at $715,000 after buying an additional 406 shares in the last quarter. Ritholtz Wealth Management raised its holdings in Waste Connections by 92.1% during the 3rd quarter. Ritholtz Wealth Management now owns 6,052 shares of the business services provider’s stock valued at $1,082,000 after acquiring an additional 2,901 shares during the period. Finally, Douglas Lane & Associates LLC lifted its position in shares of Waste Connections by 8.4% during the third quarter. Douglas Lane & Associates LLC now owns 106,946 shares of the business services provider’s stock worth $19,124,000 after acquiring an additional 8,283 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group decreased their price objective on Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Royal Bank of Canada upped their price target on Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets lowered their price target 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. Oppenheimer boosted their price objective on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Citigroup increased their target price on shares of Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Five equities research 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $199.06.

Waste Connections Stock Up 0.6 %

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

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.