Waste Connections, Inc. (NYSE:WCN) Shares Purchased by Paladin Wealth LLC

Paladin Wealth LLC boosted its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 24.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,865 shares of the business services provider’s stock after purchasing an additional 563 shares during the period. Paladin Wealth LLC’s holdings in Waste Connections were worth $492,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC raised its position in Waste Connections by 15.0% during the 3rd quarter. GAMMA Investing LLC now owns 529 shares of the business services provider’s stock worth $95,000 after buying an additional 69 shares during the last quarter. CWM LLC grew its stake in Waste Connections by 43.0% in the 3rd quarter. CWM LLC now owns 1,218 shares of the business services provider’s stock valued at $218,000 after acquiring an additional 366 shares during the period. Valeo Financial Advisors LLC increased its stake in shares of Waste Connections by 11.3% during the third quarter. Valeo Financial Advisors LLC now owns 3,996 shares of the business services provider’s stock worth $715,000 after purchasing an additional 406 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of Waste Connections by 92.1% during the third quarter. Ritholtz Wealth Management now owns 6,052 shares of the business services provider’s stock valued at $1,082,000 after acquiring an additional 2,901 shares during the last quarter. Finally, Procyon Advisors LLC purchased a new position in Waste Connections in the 3rd quarter valued at $439,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Stock Down 0.3 %

Shares of NYSE:WCN opened at $189.66 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The firm has a 50 day simple moving average of $179.50 and a 200-day simple moving average of $181.23. The company has a market capitalization of $48.95 billion, a PE ratio of 52.10, a P/E/G ratio of 2.97 and a beta of 0.77. Waste Connections, Inc. has a twelve month low of $153.07 and a twelve month high of $194.83.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WCN. Citigroup boosted their target price on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Morgan Stanley increased their target price on shares of Waste Connections from $206.00 to $214.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. BMO Capital Markets dropped their target price on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Scotiabank reduced their price target 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. Finally, Royal Bank of Canada upped their target price on shares of Waste Connections from $199.00 to $201.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Waste Connections presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.06.

Waste Connections Company 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.