Cidel Asset Management Inc. Purchases 164 Shares of Waste Connections, Inc. (NYSE:WCN)

Cidel Asset Management Inc. grew its holdings in Waste Connections, Inc. (NYSE:WCN) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,827 shares of the business services provider’s stock after purchasing an additional 164 shares during the quarter. Waste Connections makes up approximately 1.3% of Cidel Asset Management Inc.’s holdings, making the stock its 26th biggest holding. Cidel Asset Management Inc.’s holdings in Waste Connections were worth $19,174,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. EULAV Asset Management boosted its stake in Waste Connections by 12.3% in the fourth quarter. EULAV Asset Management now owns 657,188 shares of the business services provider’s stock valued at $112,760,000 after acquiring an additional 72,000 shares during the last quarter. Appleton Partners Inc. MA lifted its stake in shares of Waste Connections by 5.0% in the 4th quarter. Appleton Partners Inc. MA now owns 49,793 shares of the business services provider’s stock valued at $8,543,000 after purchasing an additional 2,392 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Waste Connections by 0.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,220 shares of the business services provider’s stock worth $5,014,000 after purchasing an additional 92 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of Waste Connections by 11.5% during the fourth quarter. Bleakley Financial Group LLC now owns 8,810 shares of the business services provider’s stock worth $1,512,000 after purchasing an additional 910 shares during the period. Finally, Cassia Capital Partners LLC lifted its stake in Waste Connections by 33.4% in the fourth quarter. Cassia Capital Partners LLC now owns 5,320 shares of the business services provider’s stock valued at $912,000 after buying an additional 1,332 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Price Performance

NYSE WCN opened at $190.33 on Friday. The firm’s 50 day moving average is $179.55 and its 200-day moving average is $181.16. 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 company has a market capitalization of $49.12 billion, a PE ratio of 52.29, a price-to-earnings-growth ratio of 2.88 and a beta of 0.77. Waste Connections, Inc. has a 12-month low of $153.07 and a 12-month high of $194.83.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WCN. Raymond James decreased 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. decreased their price objective on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Citigroup increased their target price on shares of Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Stifel Nicolaus boosted their price target on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, BMO Capital Markets lowered 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 report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Waste Connections presently has a consensus 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.