Tobam Has $1.11 Million Position in Waste Connections, Inc. (NYSE:WCN)

Tobam lessened its stake in Waste Connections, Inc. (NYSE:WCN) by 26.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,495 shares of the business services provider’s stock after selling 2,383 shares during the period. Tobam’s holdings in Waste Connections were worth $1,114,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Global Trust Asset Management LLC bought a new stake in shares of Waste Connections in the 3rd quarter worth approximately $36,000. FSA Wealth Management LLC bought a new position in Waste Connections in the third quarter worth $40,000. Asset Dedication LLC bought a new position in Waste Connections in the third quarter worth $41,000. Continuum Advisory LLC increased its holdings in Waste Connections by 58.0% in the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock valued at $42,000 after buying an additional 83 shares during the period. Finally, Kennebec Savings Bank acquired a new position in shares of Waste Connections in the 3rd quarter valued at $47,000. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Trading Up 0.3 %

Shares of NYSE WCN opened at $189.18 on Friday. Waste Connections, Inc. has a 1-year low of $153.07 and a 1-year high of $194.83. The company has a 50-day moving average of $179.63 and a two-hundred day moving average of $181.10. The company has a market cap of $48.82 billion, a PE ratio of 51.97, a P/E/G ratio of 2.88 and a beta of 0.77. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WCN shares. Scotiabank decreased their target price on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Raymond James decreased their price objective on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. cut their target price on Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Citigroup upped their price target on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Finally, BMO Capital Markets dropped their price objective on Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Waste Connections currently has a consensus rating of “Moderate Buy” and an average target price of $199.06.

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.