Three Peaks Capital Management LLC decreased its position in shares of Waste Connections Inc (NYSE:WCN) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,362 shares of the business services provider’s stock after selling 10,378 shares during the period. Three Peaks Capital Management LLC owned approximately 0.05% of Waste Connections worth $9,390,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of WCN. Advisors Asset Management Inc. bought a new position in shares of Waste Connections in the third quarter worth $103,000. Cerebellum GP LLC bought a new position in shares of Waste Connections in the fourth quarter worth $125,000. Fieldpoint Private Securities LLC increased its position in shares of Waste Connections by 50.0% in the second quarter. Fieldpoint Private Securities LLC now owns 2,107 shares of the business services provider’s stock worth $136,000 after purchasing an additional 702 shares during the period. SG Americas Securities LLC bought a new position in shares of Waste Connections in the fourth quarter worth $194,000. Finally, Advisor Partners LLC bought a new position in shares of Waste Connections in the fourth quarter worth $216,000. Hedge funds and other institutional investors own 82.11% of the company’s stock.
Shares of Waste Connections Inc (NYSE WCN) traded up $0.94 during trading on Wednesday, reaching $69.43. The company had a trading volume of 614,578 shares, compared to its average volume of 867,159. Waste Connections Inc has a 1-year low of $54.16 and a 1-year high of $74.20. The company has a market capitalization of $17,888.04, a P/E ratio of 52.30, a P/E/G ratio of 3.57 and a beta of 0.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.46 and a quick ratio of 1.46.
A number of research analysts have issued reports on WCN shares. Oppenheimer lifted their target price on Waste Connections from $74.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Royal Bank of Canada lifted their target price on Waste Connections from $76.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. TD Securities lifted their price target on Waste Connections from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, October 27th. KeyCorp reissued a “buy” rating and set a $78.00 price target on shares of Waste Connections in a research note on Friday, October 27th. Finally, Zacks Investment Research raised Waste Connections from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Sunday, January 21st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $78.56.
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Waste Connections Company Profile
Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.
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