NORTHSTAR ASSET MANAGEMENT Co LLC Reduces Stake in Waste Connections, Inc. (NYSE:WCN)

NORTHSTAR ASSET MANAGEMENT Co LLC decreased its position in shares of Waste Connections, Inc. (NYSE:WCN) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,070 shares of the business services provider’s stock after selling 350 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in Waste Connections were worth $1,728,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Waste Connections by 15.0% during the 3rd quarter. GAMMA Investing LLC now owns 529 shares of the business services provider’s stock worth $95,000 after buying an additional 69 shares during the last quarter. CWM LLC raised its position in Waste Connections by 43.0% in the third quarter. CWM LLC now owns 1,218 shares of the business services provider’s stock valued at $218,000 after purchasing an additional 366 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of Waste Connections by 11.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,996 shares of the business services provider’s stock valued at $715,000 after purchasing an additional 406 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Waste Connections by 92.1% during the 3rd quarter. Ritholtz Wealth Management now owns 6,052 shares of the business services provider’s stock worth $1,082,000 after purchasing an additional 2,901 shares during the period. Finally, Douglas Lane & Associates LLC increased its position in shares of Waste Connections by 8.4% during the 3rd quarter. Douglas Lane & Associates LLC now owns 106,946 shares of the business services provider’s stock worth $19,124,000 after purchasing an additional 8,283 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at $190.33 on Monday. 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 52 week low of $153.07 and a 52 week high of $194.83. The firm’s 50 day moving average is $179.50 and its two-hundred day moving average is $181.22. The firm has a market capitalization of $49.12 billion, a P/E ratio of 52.29, a P/E/G ratio of 2.97 and a beta of 0.77.

Analysts Set New Price Targets

WCN has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their target price on shares of Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Raymond James dropped their target price on shares of Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. CIBC dropped their price objective on Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Finally, BMO Capital Markets decreased their target price on Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Five investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.