Cibc World Market Inc. Sells 172,226 Shares of Waste Connections, Inc. (NYSE:WCN)

Cibc World Market Inc. lessened its holdings in Waste Connections, Inc. (NYSE:WCN) by 9.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,710,315 shares of the business services provider’s stock after selling 172,226 shares during the period. Cibc World Market Inc. owned 0.66% of Waste Connections worth $293,299,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Global Trust Asset Management LLC purchased a new position in shares of Waste Connections in the third quarter valued at about $36,000. FSA Wealth Management LLC purchased a new stake in shares of Waste Connections during the third quarter valued at $40,000. Asset Dedication LLC purchased a new position in shares of Waste Connections in the 3rd quarter worth $41,000. Continuum Advisory LLC raised its position in Waste Connections by 58.0% in the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after acquiring an additional 83 shares during the period. Finally, Kennebec Savings Bank bought a new stake in Waste Connections during the 3rd quarter worth approximately $47,000. Institutional investors own 86.09% of the company’s stock.

Waste Connections Trading Up 3.3 %

Shares of NYSE WCN opened at $186.53 on Friday. 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 cap of $48.14 billion, a price-to-earnings ratio of 51.24, a price-to-earnings-growth ratio of 2.83 and a beta of 0.76. Waste Connections, Inc. has a 12-month low of $153.07 and a 12-month high of $194.83. The stock’s 50 day simple moving average is $180.11 and its 200 day simple moving average is $180.91.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Scotiabank cut their price objective on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research report on Monday. Stifel Nicolaus upped their target price on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada lifted their price target on Waste Connections from $199.00 to $201.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley raised their price objective on Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets decreased their price target on Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock 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.