Conestoga Capital Advisors LLC Grows Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Conestoga Capital Advisors LLC raised its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,304 shares of the business services provider’s stock after buying an additional 375 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Waste Connections were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Waste Connections by 0.6% in the 3rd quarter. FMR LLC now owns 5,313,725 shares of the business services provider’s stock worth $950,055,000 after buying an additional 30,890 shares in the last quarter. National Bank of Canada FI grew 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 acquiring an additional 699,012 shares in the last quarter. Fiera Capital Corp increased its stake in Waste Connections by 6.5% during the third quarter. Fiera Capital Corp now owns 2,332,002 shares of the business services provider’s stock worth $417,385,000 after acquiring an additional 142,751 shares during the last quarter. Montrusco Bolton Investments Inc. raised its position in Waste Connections by 15.5% during the third quarter. Montrusco Bolton Investments Inc. now owns 2,303,339 shares of the business services provider’s stock valued at $401,936,000 after purchasing an additional 309,619 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Waste Connections by 44.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider’s stock valued at $351,037,000 after purchasing an additional 602,055 shares during the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WCN. Morgan Stanley increased their price target on Waste Connections from $206.00 to $214.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Jefferies Financial Group lowered their target price on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research note on Thursday. Raymond James decreased their price objective on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a report on Friday, October 25th. BMO Capital Markets reduced their target price on Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Eight Capital raised shares of Waste Connections to a “hold” rating in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $199.06.

Waste Connections Trading Down 0.5 %

WCN stock opened at $182.91 on Monday. The business’s 50-day moving average is $179.94 and its 200 day moving average is $180.95. Waste Connections, Inc. has a 12-month low of $153.07 and a 12-month high of $194.83. The stock has a market cap of $47.20 billion, a price-to-earnings ratio of 50.25, a PEG ratio of 2.88 and a beta of 0.77. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99.

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.