Waste Connections, Inc. $WCN Stake Boosted by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. grew its position in Waste Connections, Inc. (NYSE:WCN) by 60.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 188,100 shares of the business services provider’s stock after buying an additional 70,700 shares during the period. Waste Connections accounts for about 2.9% of Nicola Wealth Management LTD.’s portfolio, making the stock its 7th largest position. Nicola Wealth Management LTD.’s holdings in Waste Connections were worth $33,069,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WCN. Intact Investment Management Inc. grew its position in Waste Connections by 271.6% during the 3rd quarter. Intact Investment Management Inc. now owns 118,817 shares of the business services provider’s stock worth $20,890,000 after purchasing an additional 86,840 shares during the period. CIBC Asset Management Inc grew its position in Waste Connections by 55.7% during the third quarter. CIBC Asset Management Inc now owns 1,991,112 shares of the business services provider’s stock valued at $350,603,000 after buying an additional 711,990 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Waste Connections by 1.1% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 97,700 shares of the business services provider’s stock worth $17,176,000 after acquiring an additional 1,100 shares during the period. Rakuten Investment Management Inc. purchased a new position in Waste Connections during the third quarter valued at $1,019,000. Finally, Middleton & Co. Inc. MA increased its stake in shares of Waste Connections by 13.8% during the third quarter. Middleton & Co. Inc. MA now owns 21,253 shares of the business services provider’s stock worth $3,736,000 after purchasing an additional 2,575 shares in the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WCN. Weiss Ratings reiterated a “hold (c)” rating on shares of Waste Connections in a report on Wednesday, October 8th. Stifel Nicolaus lowered their price target on shares of Waste Connections from $221.00 to $218.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. CIBC set a $208.00 price objective on shares of Waste Connections in a research report on Thursday, January 8th. Raymond James Financial set a $213.00 target price on shares of Waste Connections and gave the company a “strong-buy” rating in a report on Monday, October 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $220.00 price target (up previously from $215.00) on shares of Waste Connections in a research report on Wednesday, December 17th. Five equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $206.68.

Waste Connections Trading Up 0.7%

Shares of WCN stock opened at $171.35 on Tuesday. The company has a market capitalization of $43.81 billion, a P/E ratio of 71.39, a price-to-earnings-growth ratio of 3.08 and a beta of 0.63. 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 business’s 50 day moving average is $172.67 and its two-hundred day moving average is $176.16. Waste Connections, Inc. has a twelve month low of $162.06 and a twelve month high of $201.66.

Waste Connections Company 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.