Waste Connections, Inc. (NYSE:WCN) Holdings Lifted by Sycomore Asset Management

Sycomore Asset Management grew its holdings in Waste Connections, Inc. (NYSE:WCN) by 80.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 117,228 shares of the business services provider’s stock after buying an additional 52,372 shares during the quarter. Waste Connections makes up about 2.5% of Sycomore Asset Management’s investment portfolio, making the stock its 9th largest holding. Sycomore Asset Management’s holdings in Waste Connections were worth $20,114,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Global Trust Asset Management LLC purchased a new stake in Waste Connections in the third quarter worth $36,000. FSA Wealth Management LLC bought a new position in Waste Connections in the 3rd quarter worth $40,000. Asset Dedication LLC bought a new position in Waste Connections in the 3rd quarter worth $41,000. Continuum Advisory LLC lifted its position in shares of Waste Connections by 58.0% in the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after purchasing an additional 83 shares during the period. Finally, Kennebec Savings Bank bought a new stake in shares of Waste Connections during the 3rd quarter valued at about $47,000. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Price Performance

Shares of NYSE WCN opened at $190.33 on Monday. The company has a 50 day moving average of $179.50 and a 200 day moving average of $181.22. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. Waste Connections, Inc. has a twelve month low of $153.07 and a twelve month high of $194.83. The firm has a market cap of $49.12 billion, a P/E ratio of 52.29, a PEG ratio of 2.97 and a beta of 0.77.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WCN shares. Stifel Nicolaus increased their price target on shares of Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. CIBC decreased their target price 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. Citigroup lifted 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. Jefferies Financial Group decreased their price objective on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, Oppenheimer raised their price objective on Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Five research 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.