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, Holdings Channel reports. The firm owned 3,069 shares of the business services provider’s stock after selling 236 shares during the period. Traynor Capital Management Inc.’s holdings in Waste Connections were worth $527,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WCN. Global Trust Asset Management LLC acquired a new stake in shares of Waste Connections in the third quarter valued at $36,000. FSA Wealth Management LLC acquired a new position in Waste Connections in the 3rd quarter valued at about $40,000. Asset Dedication LLC acquired a new position in Waste Connections in the 3rd quarter valued at about $41,000. Continuum Advisory LLC increased its stake in Waste Connections by 58.0% during the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after purchasing an additional 83 shares during the period. Finally, Kennebec Savings Bank purchased a new position in shares of Waste Connections in the third quarter valued at approximately $47,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Down 0.2 %

Shares of NYSE:WCN opened at $178.44 on Thursday. The firm has a 50 day simple moving average of $180.79 and a 200-day simple moving average of $180.87. Waste Connections, Inc. has a twelve month low of $151.32 and a twelve month high of $194.83. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The company has a market capitalization 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 (NYSE:WCN) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. Waste Connections’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 earnings per share. On average, equities analysts predict that Waste Connections, Inc. will post 4.84 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on WCN. Royal Bank of Canada increased their target price on shares of Waste Connections from $199.00 to $201.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Scotiabank started coverage on Waste Connections in a research note on Friday, October 4th. They issued a “sector perform” rating and a $196.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Raymond James reduced their price target on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 25th. Finally, Stifel Nicolaus lifted their price objective on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.75.

About Waste Connections

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.