Cassia Capital Partners LLC Buys 1,332 Shares of Waste Connections, Inc. (NYSE:WCN)

Cassia Capital Partners LLC boosted its stake in Waste Connections, Inc. (NYSE:WCN) by 33.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,320 shares of the business services provider’s stock after purchasing an additional 1,332 shares during the quarter. Cassia Capital Partners LLC’s holdings in Waste Connections were worth $912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in shares of Waste Connections by 307.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock valued at $344,615,000 after purchasing an additional 1,453,733 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Waste Connections by 432.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider’s stock worth $225,078,000 after buying an additional 1,022,851 shares during the last quarter. National Bank of Canada FI lifted its position in Waste Connections by 35.3% in the third quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider’s stock worth $478,777,000 after buying an additional 699,012 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Waste Connections by 44.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider’s stock worth $351,037,000 after buying an additional 602,055 shares during the period. Finally, Two Sigma Advisers LP increased its position in Waste Connections by 199.4% during the third quarter. Two Sigma Advisers LP now owns 591,250 shares of the business services provider’s stock valued at $105,727,000 after acquiring an additional 393,763 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Up 0.2 %

NYSE:WCN opened at $187.71 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $48.44 billion, a PE ratio of 51.57, a price-to-earnings-growth ratio of 2.88 and a beta of 0.77. The company has a 50-day moving average of $179.83 and a 200 day moving average of $181.00. Waste Connections, Inc. has a 1-year low of $153.07 and a 1-year high of $194.83.

Analysts Set New Price Targets

Several research firms have recently issued reports on WCN. Eight Capital upgraded shares of Waste Connections to a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets decreased their price objective on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Raymond James dropped their target price on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Royal Bank of Canada boosted their price objective on Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.