Cibc World Market Inc. Decreases Holdings in Waste Connections, Inc. (NYSE:WCN)

Cibc World Market Inc. trimmed its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 approximately 0.66% of Waste Connections worth $293,299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its position in Waste Connections by 0.6% in the third quarter. FMR LLC now owns 5,313,725 shares of the business services provider's stock worth $950,055,000 after buying an additional 30,890 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Waste Connections by 35.3% during the 3rd quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider's stock worth $478,777,000 after acquiring an additional 699,012 shares during the last quarter. Fiera Capital Corp boosted its position in Waste Connections by 6.5% in the 3rd quarter. Fiera Capital Corp now owns 2,332,002 shares of the business services provider's stock valued at $417,385,000 after buying an additional 142,751 shares during the period. Montrusco Bolton Investments Inc. grew its position in shares of Waste Connections by 15.5% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 2,303,339 shares of the business services provider's stock worth $401,936,000 after buying an additional 309,619 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Waste Connections by 44.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider's stock worth $351,037,000 after buying an additional 602,055 shares in the last quarter. Institutional investors own 86.09% of the company's stock.

Waste Connections Stock Performance

WCN traded up $0.32 during trading on Tuesday, hitting $187.65. 556,323 shares of the stock were exchanged, compared to its average volume of 924,519. The stock has a fifty day moving average price of $179.83 and a two-hundred day moving average price of $181.00. Waste Connections, Inc. has a 1-year low of $153.07 and a 1-year high of $194.83. The firm has a market capitalization of $48.43 billion, a P/E ratio of 51.52, a PEG ratio of 2.88 and a beta of 0.77. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99.

Analysts Set New Price Targets

Several brokerages have weighed in on WCN. Royal Bank of Canada raised their price target on Waste Connections from $199.00 to $201.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. CIBC decreased their target price on Waste Connections from $215.00 to $212.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. Eight Capital raised Waste Connections to a "hold" rating in a research note on Wednesday, October 9th. Jefferies Financial Group lowered their price target on Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Finally, 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 report on Wednesday, December 11th. Five investment 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.