R Squared Ltd Invests $676,000 in Waste Connections, Inc. (NYSE:WCN)

R Squared Ltd purchased a new stake in Waste Connections, Inc. (NYSE:WCN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,940 shares of the business services provider’s stock, valued at approximately $676,000. Waste Connections accounts for approximately 0.7% of R Squared Ltd’s investment portfolio, making the stock its 15th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Global Trust Asset Management LLC purchased a new stake in Waste Connections during the third quarter valued at about $36,000. FSA Wealth Management LLC acquired a new stake in shares of Waste Connections during the third quarter valued at approximately $40,000. Asset Dedication LLC purchased a new stake in shares of Waste Connections in the 3rd quarter valued at approximately $41,000. Continuum Advisory LLC boosted its stake in Waste Connections by 58.0% in the 3rd 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 Waste Connections during the 3rd quarter worth approximately $47,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WCN. Morgan Stanley increased their target price on Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. CIBC reduced 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. Stifel Nicolaus lifted their target price on Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Citigroup increased their price target on shares of Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.06.

Waste Connections Stock Performance

Shares of NYSE WCN opened at $182.93 on Wednesday. Waste Connections, Inc. has a 52 week low of $153.07 and a 52 week high of $194.83. The firm has a market cap of $47.21 billion, a price-to-earnings ratio of 50.26, a P/E/G ratio of 2.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77. The business’s 50-day simple moving average is $180.31 and its 200-day simple moving average is $180.89.

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.