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

Cidel Asset Management Inc. lifted its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,827 shares of the business services provider’s stock after purchasing an additional 164 shares during the period. Waste Connections accounts for 1.3% of Cidel Asset Management Inc.’s holdings, making the stock its 26th biggest position. Cidel Asset Management Inc.’s holdings in Waste Connections were worth $19,174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Fifth Third Bancorp raised its position in Waste Connections by 8.8% during the fourth quarter. Fifth Third Bancorp now owns 705 shares of the business services provider’s stock worth $121,000 after acquiring an additional 57 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Waste Connections by 0.4% in the 4th quarter. Jennison Associates LLC now owns 14,247 shares of the business services provider’s stock valued at $2,445,000 after purchasing an additional 63 shares during the period. GAMMA Investing LLC lifted its stake in Waste Connections by 15.0% in the 3rd quarter. GAMMA Investing LLC now owns 529 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 69 shares during the last quarter. Continuum Advisory LLC grew its holdings 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, Kingsview Wealth Management LLC increased its position in Waste Connections by 6.3% during the third quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider’s stock worth $271,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Trading Up 0.6 %

Shares of NYSE:WCN opened at $190.33 on Friday. The business’s 50 day simple moving average is $179.55 and its 200 day simple moving average is $181.16. Waste Connections, Inc. has a 1 year low of $153.07 and a 1 year high of $194.83. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $49.12 billion, a P/E ratio of 52.29, a P/E/G ratio of 2.88 and a beta of 0.77.

Analysts Set New Price Targets

WCN has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Morgan Stanley raised their price target on Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Scotiabank decreased their price objective on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Raymond James cut 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 research note on Friday, October 25th. Finally, Royal Bank of Canada upped their price target on shares of Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $199.06.

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.