Clarendon Private LLC Acquires Shares of 1,643 Waste Connections, Inc. (NYSE:WCN)

Clarendon Private LLC bought a new position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,643 shares of the business services provider's stock, valued at approximately $282,000.

A number of other institutional investors have also recently modified their holdings of WCN. Global Trust Asset Management LLC acquired a new position in Waste Connections in the third quarter valued at $36,000. FSA Wealth Management LLC acquired a new position in shares of Waste Connections in the 3rd quarter valued at about $40,000. Continuum Advisory LLC boosted its position in shares of Waste Connections by 58.0% during the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider's stock valued at $42,000 after purchasing an additional 83 shares in the last quarter. Asset Dedication LLC acquired a new stake in Waste Connections during the third quarter worth approximately $41,000. Finally, Kennebec Savings Bank bought a new stake in Waste Connections in the third quarter worth approximately $47,000. 86.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WCN. Scotiabank began coverage on Waste Connections in a report on Friday, October 4th. They set a "sector perform" rating and a $196.00 price objective for the company. Oppenheimer lifted their target price on shares of Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Jefferies Financial Group lowered their target price on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a report on Thursday. Stifel Nicolaus upped their price objective on Waste Connections from $205.00 to $212.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Finally, CIBC lowered their target price on shares of Waste Connections from $215.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $199.31.

Waste Connections Price Performance

Waste Connections stock traded down $1.53 during midday trading on Friday, hitting $177.86. 821,957 shares of the company's stock were exchanged, compared to its average volume of 717,698. 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 company has a market cap of $45.90 billion, a P/E ratio of 48.86, a PEG ratio of 2.67 and a beta of 0.76. The stock has a 50-day moving average price of $180.40 and a two-hundred day moving average price of $180.87. Waste Connections, Inc. has a 52-week low of $151.32 and a 52-week high of $194.83.

Waste Connections (NYSE:WCN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.05. Waste Connections had a net margin of 10.81% and a return on equity of 15.43%. The firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.30 billion. During the same quarter in the prior year, the business earned $1.17 EPS. The business's quarterly revenue was up 13.3% on a year-over-year basis. On average, equities research analysts forecast that Waste Connections, Inc. will post 4.84 earnings per share for the current year.

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.