Baskin Financial Services Inc. Decreases Holdings in Waste Connections, Inc. (NYSE:WCN)

Baskin Financial Services Inc. lessened its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 294,347 shares of the business services provider’s stock after selling 202 shares during the quarter. Waste Connections comprises 4.0% of Baskin Financial Services Inc.’s investment portfolio, making the stock its 10th largest position. Baskin Financial Services Inc. owned about 0.11% of Waste Connections worth $50,465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of Waste Connections by 307.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock worth $344,615,000 after purchasing an additional 1,453,733 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Waste Connections by 432.6% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider’s stock worth $225,078,000 after buying an additional 1,022,851 shares during the last quarter. National Bank of Canada FI boosted its stake in Waste Connections by 35.3% in the third quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider’s stock worth $478,777,000 after buying an additional 699,012 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Waste Connections by 44.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider’s stock valued at $351,037,000 after acquiring an additional 602,055 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of Waste Connections by 199.4% in the 3rd quarter. Two Sigma Advisers LP now owns 591,250 shares of the business services provider’s stock worth $105,727,000 after acquiring an additional 393,763 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Jefferies Financial Group reduced their target price on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a report on Thursday. CIBC reduced their price objective on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Royal Bank of Canada boosted their target price on Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Citigroup raised their price target on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Finally, Eight Capital upgraded Waste Connections to a “hold” rating in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.06.

Waste Connections Price Performance

Shares of NYSE WCN opened at $183.86 on Monday. Waste Connections, Inc. has a 1 year low of $153.07 and a 1 year high of $194.83. The stock has a market capitalization of $47.45 billion, a P/E ratio of 50.51, a P/E/G ratio of 2.88 and a beta of 0.77. The company’s 50-day moving average is $179.94 and its 200 day moving average is $180.96. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick 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.