Oppenheimer Asset Management Inc. Grows Stock Position in Waste Connections, Inc. $WCN

Oppenheimer Asset Management Inc. boosted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 6.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,777 shares of the business services provider’s stock after buying an additional 3,313 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Waste Connections were worth $9,102,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Waste Connections by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 30,867,844 shares of the business services provider’s stock worth $5,764,546,000 after acquiring an additional 620,600 shares during the last quarter. WCM Investment Management LLC raised its position in Waste Connections by 1.8% in the 2nd quarter. WCM Investment Management LLC now owns 6,501,719 shares of the business services provider’s stock worth $1,208,669,000 after purchasing an additional 117,939 shares during the period. Mackenzie Financial Corp lifted its stake in Waste Connections by 14.0% in the second quarter. Mackenzie Financial Corp now owns 5,217,973 shares of the business services provider’s stock worth $975,190,000 after purchasing an additional 642,426 shares during the last quarter. Norges Bank purchased a new position in shares of Waste Connections during the second quarter valued at approximately $755,938,000. Finally, 1832 Asset Management L.P. boosted its position in shares of Waste Connections by 3.4% during the second quarter. 1832 Asset Management L.P. now owns 3,995,575 shares of the business services provider’s stock valued at $746,054,000 after buying an additional 132,455 shares during the period. Institutional investors own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on WCN shares. Wells Fargo & Company started coverage on Waste Connections in a research note on Thursday, November 13th. They set an “overweight” rating and a $186.00 price target for the company. Morgan Stanley reissued an “overweight” rating and set a $220.00 target price (up from $215.00) on shares of Waste Connections in a research note on Wednesday, December 17th. JPMorgan Chase & Co. cut their price target on shares of Waste Connections from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. BNP Paribas Exane initiated coverage on shares of Waste Connections in a research note on Tuesday, January 6th. They issued an “outperform” rating on the stock. Finally, Oppenheimer reissued an “outperform” rating and issued a $205.00 price objective (down from $206.00) on shares of Waste Connections in a research report on Friday, January 23rd. Five investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $206.50.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at $171.76 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.07. The stock’s fifty day moving average price is $171.40 and its 200-day moving average price is $175.09. The firm has a market cap of $43.92 billion, a P/E ratio of 71.57, a P/E/G ratio of 3.06 and a beta of 0.62. Waste Connections, Inc. has a 12 month low of $162.06 and a 12 month high of $201.66.

Waste Connections Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.