Spirit of America Management Corp NY Sells 900 Shares of Waste Connections, Inc. (NYSE:WCN)

Spirit of America Management Corp NY lowered its stake in Waste Connections, Inc. (NYSE:WCN) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,275 shares of the business services provider’s stock after selling 900 shares during the quarter. Spirit of America Management Corp NY’s holdings in Waste Connections were worth $2,106,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WCN. Global Trust Asset Management LLC bought a new position in Waste Connections in the third quarter valued at approximately $36,000. FSA Wealth Management LLC bought a new position in Waste Connections in the third quarter valued at approximately $40,000. Asset Dedication LLC acquired a new stake in shares of Waste Connections in the third quarter valued at approximately $41,000. Continuum Advisory LLC raised its holdings in shares of Waste Connections by 58.0% in the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 83 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new stake in shares of Waste Connections in the third quarter valued at approximately $47,000. Institutional investors own 86.09% of the company’s stock.

Analyst Ratings Changes

WCN has been the topic of a number of recent research reports. Oppenheimer lifted their price objective on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Royal Bank of Canada lifted their price objective on shares of Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Citigroup lifted their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Stifel Nicolaus lifted their price objective on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Eight Capital upgraded shares of Waste Connections to a “hold” rating in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $199.06.

Waste Connections Price Performance

NYSE:WCN opened at $187.71 on Wednesday. Waste Connections, Inc. has a one year low of $153.07 and a one year high of $194.83. The company has a market cap of $48.44 billion, a P/E ratio of 51.57, a P/E/G ratio of 2.88 and a beta of 0.77. The firm’s fifty day moving average price is $179.83 and its two-hundred day moving average price is $181.00. 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 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.