Waste Connections, Inc. (NYSE:WCN) is Baskin Financial Services Inc.’s 10th Largest Position

Baskin Financial Services Inc. lessened its holdings in Waste Connections, Inc. (NYSE:WCN) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 294,347 shares of the business services provider’s stock after selling 202 shares during the quarter. Waste Connections comprises 4.0% of Baskin Financial Services Inc.’s portfolio, making the stock its 10th largest position. Baskin Financial Services Inc.’s holdings in Waste Connections were worth $50,465,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Fifth Third Bancorp grew its stake in shares of Waste Connections by 8.8% in the 4th quarter. Fifth Third Bancorp now owns 705 shares of the business services provider’s stock worth $121,000 after buying an additional 57 shares during the last quarter. GAMMA Investing LLC increased its stake in Waste Connections by 15.0% during the 3rd quarter. GAMMA Investing LLC now owns 529 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 69 shares in the last quarter. Continuum Advisory LLC raised its holdings in Waste Connections by 58.0% in the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after buying an additional 83 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Waste Connections by 6.3% in the third quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider’s stock worth $271,000 after buying an additional 90 shares in the last quarter. Finally, First Affirmative Financial Network lifted its position in Waste Connections by 4.9% in the 4th quarter. First Affirmative Financial Network now owns 2,028 shares of the business services provider’s stock valued at $348,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Performance

Shares of NYSE WCN opened at $183.86 on Monday. The stock has a market cap of $47.45 billion, a PE ratio of 50.51, a price-to-earnings-growth ratio of 2.88 and a beta of 0.77. Waste Connections, Inc. has a 1 year low of $153.07 and a 1 year high of $194.83. The firm has a fifty day moving average price of $179.94 and a 200-day moving average price of $180.96. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Scotiabank decreased their price target on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Oppenheimer increased their price objective on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Citigroup boosted their target price on shares of Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Morgan Stanley raised their price target on Waste Connections from $206.00 to $214.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, CIBC reduced their price objective on Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $199.06.

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.