Mount Yale Investment Advisors LLC Sells 2,111 Shares of Waste Connections, Inc. (NYSE:WCN)

Mount Yale Investment Advisors LLC lessened its stake in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,727 shares of the business services provider's stock after selling 2,111 shares during the period. Mount Yale Investment Advisors LLC's holdings in Waste Connections were worth $983,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in WCN. FMR LLC grew its holdings in shares of Waste Connections by 0.6% during the third quarter. FMR LLC now owns 5,313,725 shares of the business services provider's stock valued at $950,055,000 after buying an additional 30,890 shares in the last quarter. National Bank of Canada FI boosted its position in Waste Connections by 35.3% during the third quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider's stock valued at $478,777,000 after purchasing an additional 699,012 shares during the last quarter. Fiera Capital Corp raised its stake in shares of Waste Connections by 6.5% during the 3rd quarter. Fiera Capital Corp now owns 2,332,002 shares of the business services provider's stock worth $417,385,000 after purchasing an additional 142,751 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its holdings 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 valued at $401,936,000 after buying an additional 309,619 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Waste Connections by 44.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider's stock valued at $351,037,000 after buying an additional 602,055 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Stock Performance

Shares of NYSE WCN traded up $1.32 during mid-day trading on Tuesday, hitting $182.93. The company had a trading volume of 1,232,264 shares, compared to its average volume of 927,621. Waste Connections, Inc. has a 12 month low of $153.07 and a 12 month high of $194.83. The firm has a market cap of $47.21 billion, a P/E ratio of 50.26, a PEG ratio of 2.67 and a beta of 0.76. The business's 50-day simple moving average is $180.31 and its 200-day simple moving average is $180.89. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. BMO Capital Markets reduced their target price 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. Jefferies Financial Group reduced their price objective on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Oppenheimer increased their target price on shares of Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Morgan Stanley boosted their price target on Waste Connections from $206.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Finally, Scotiabank lowered their price objective on Waste Connections from $196.00 to $192.00 and set a "sector perform" rating on the stock in a report on Monday. Five 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, Waste Connections presently has an average rating of "Moderate Buy" and an average target price 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.