Copeland Capital Management LLC Lowers Holdings in Waste Connections, Inc. (NYSE:WCN)

Copeland Capital Management LLC reduced its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 111,018 shares of the business services provider's stock after selling 17,698 shares during the quarter. Copeland Capital Management LLC's holdings in Waste Connections were worth $19,049,000 as of its most recent SEC filing.

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

Waste Connections Stock Up 0.4 %

WCN stock traded up $0.72 on Wednesday, reaching $188.31. 510,267 shares of the company traded hands, compared to its average volume of 923,928. Waste Connections, Inc. has a one year low of $153.07 and a one year high of $194.83. 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 company has a market cap of $48.60 billion, a P/E ratio of 51.73, a price-to-earnings-growth ratio of 2.88 and a beta of 0.77. The firm has a fifty day simple moving average of $179.72 and a 200-day simple moving average of $181.05.

Analyst Ratings Changes

Several research analysts have weighed in on WCN shares. Eight Capital raised Waste Connections to a "hold" rating in a research report on Wednesday, October 9th. Morgan Stanley boosted their price objective on Waste Connections from $206.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Jefferies Financial Group lowered their target price on Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. JPMorgan Chase & Co. lowered their target price on Waste Connections from $198.00 to $197.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Finally, Stifel Nicolaus boosted their price objective on Waste Connections from $205.00 to $212.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Five equities research 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 stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $199.06.

Waste Connections 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.