Cassia Capital Partners LLC Increases Stock Position in Waste Connections, Inc. (NYSE:WCN)

Cassia Capital Partners LLC raised its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 33.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,320 shares of the business services provider’s stock after purchasing an additional 1,332 shares during the period. Cassia Capital Partners LLC’s holdings in Waste Connections were worth $912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of WCN. Calamos Wealth Management LLC boosted its position in shares of Waste Connections by 1.5% during the fourth quarter. Calamos Wealth Management LLC now owns 13,688 shares of the business services provider’s stock valued at $2,349,000 after buying an additional 199 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in Waste Connections by 6.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 6,304 shares of the business services provider’s stock valued at $1,082,000 after acquiring an additional 375 shares during the period. Jennison Associates LLC boosted its holdings in shares of Waste Connections by 0.4% during the 4th quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider’s stock valued at $2,445,000 after acquiring an additional 63 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of Waste Connections by 12.6% in the fourth quarter. CENTRAL TRUST Co now owns 9,131 shares of the business services provider’s stock worth $1,567,000 after acquiring an additional 1,021 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in shares of Waste Connections by 2.4% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,799 shares of the business services provider’s stock valued at $1,338,000 after purchasing an additional 181 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Waste Connections Price Performance

NYSE:WCN opened at $187.71 on Wednesday. The business’s 50-day simple moving average is $179.83 and its two-hundred day simple moving average is $181.00. Waste Connections, Inc. has a 52 week low of $153.07 and a 52 week high of $194.83. The stock has a market cap of $48.44 billion, a PE ratio of 51.57, a P/E/G ratio of 2.88 and a beta of 0.77. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Citigroup upped their price objective on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Morgan Stanley raised their target price on Waste Connections from $206.00 to $214.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. CIBC reduced their price target on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Finally, Jefferies Financial Group dropped their price objective on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.06.

Waste Connections 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.