Waste Connections, Inc. (NYSE:WCN) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. lessened its stake in Waste Connections, Inc. (NYSE:WCN) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,069 shares of the business services provider’s stock after selling 236 shares during the quarter. Traynor Capital Management Inc.’s holdings in Waste Connections were worth $527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of Waste Connections by 3.1% during the 2nd quarter. American Century Companies Inc. now owns 19,876 shares of the business services provider’s stock valued at $3,485,000 after purchasing an additional 594 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Waste Connections by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 386,448 shares of the business services provider’s stock valued at $67,770,000 after buying an additional 23,194 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Waste Connections by 2.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,535 shares of the business services provider’s stock valued at $1,146,000 after buying an additional 181 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Waste Connections by 10.2% in the second quarter. Thrivent Financial for Lutherans now owns 10,106 shares of the business services provider’s stock worth $1,772,000 after acquiring an additional 932 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in shares of Waste Connections by 3.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 24,344 shares of the business services provider’s stock worth $4,270,000 after acquiring an additional 900 shares in the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WCN has been the subject of a number of analyst reports. Eight Capital raised Waste Connections to a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley upped their target price on Waste Connections from $206.00 to $214.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped their price target on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Raymond James reduced their price objective on shares of 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. Finally, BMO Capital Markets dropped their target price on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Five 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $199.75.

Waste Connections Stock Down 0.2 %

NYSE WCN opened at $178.44 on Thursday. The business’s fifty day simple moving average is $180.79 and its 200-day simple moving average is $180.87. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The firm has a market cap of $46.05 billion, a PE ratio of 49.02, a P/E/G ratio of 2.68 and a beta of 0.76. Waste Connections, Inc. has a 52 week low of $151.32 and a 52 week high of $194.83.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 earnings per share. As a group, equities analysts anticipate that Waste Connections, Inc. will post 4.84 earnings per share for the current year.

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.