Cassia Capital Partners LLC Boosts Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Cassia Capital Partners LLC increased its stake in Waste Connections, Inc. (NYSE:WCN - Free Report) by 33.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,320 shares of the business services provider's stock after buying an additional 1,332 shares during the period. Cassia Capital Partners LLC's holdings in Waste Connections were worth $912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in WCN. Global Trust Asset Management LLC purchased a new stake in Waste Connections during the third quarter worth $36,000. FSA Wealth Management LLC purchased a new stake in Waste Connections during the third quarter worth $40,000. Continuum Advisory LLC lifted 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 buying an additional 83 shares during the period. Asset Dedication LLC purchased a new stake in Waste Connections during the third quarter worth $41,000. Finally, Kennebec Savings Bank purchased a new stake in Waste Connections during the third quarter worth $47,000. Institutional investors own 86.09% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on WCN. BMO Capital Markets reduced their price objective on shares of Waste Connections from $198.00 to $196.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Royal Bank of Canada upped 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. JPMorgan Chase & Co. lowered their price objective on Waste Connections from $198.00 to $197.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Jefferies Financial Group reduced their target price on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Finally, Oppenheimer raised their price target on Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Five equities research 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 company's stock. Based on data from MarketBeat.com, Waste Connections currently has an average rating of "Moderate Buy" and an average price target of $199.06.

Waste Connections Stock Performance

Waste Connections stock traded up $1.07 during trading hours on Friday, hitting $190.33. 1,145,225 shares of the stock traded hands, compared to its average volume of 873,997. 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 firm's 50 day moving average price is $179.50 and its 200-day moving average price is $181.22. The stock has a market capitalization of $49.12 billion, a price-to-earnings ratio of 52.29, a P/E/G ratio of 2.97 and a beta of 0.77. Waste Connections, Inc. has a 1 year low of $153.07 and a 1 year high of $194.83.

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.