Waste Connections, Inc. (NYSE:WCN) Shares Sold by Spire Wealth Management

Spire Wealth Management trimmed its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 31.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,218 shares of the business services provider's stock after selling 3,383 shares during the quarter. Spire Wealth Management's holdings in Waste Connections were worth $1,238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in 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 acquiring an additional 30,890 shares during the last quarter. National Bank of Canada FI grew its holdings in 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 valued at $478,777,000 after purchasing an additional 699,012 shares during the last quarter. Fiera Capital Corp raised 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 worth $417,385,000 after purchasing an additional 142,751 shares during the period. Montrusco Bolton Investments Inc. lifted its stake in Waste Connections by 15.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 2,303,339 shares of the business services provider's stock worth $401,936,000 after purchasing an additional 309,619 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Waste Connections by 44.2% during the third 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 during the period. 86.09% of the stock is owned by institutional investors.

Waste Connections Trading Up 0.6 %

Shares of WCN traded up $1.07 on Friday, hitting $190.33. 1,145,225 shares of the stock traded hands, compared to its average volume of 937,249. The firm has a market capitalization of $49.12 billion, a P/E ratio of 52.29, a P/E/G 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. Waste Connections, Inc. has a 1 year low of $153.07 and a 1 year high of $194.83. The stock's 50 day moving average is $179.55 and its two-hundred day moving average is $181.16.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Raymond James decreased their price objective on shares of Waste Connections from $208.00 to $205.00 and set a "strong-buy" rating for the company in a research report on Friday, October 25th. Citigroup increased their price target on Waste Connections from $195.00 to $196.00 and gave the stock a "neutral" rating in a research report on Monday, January 13th. Oppenheimer lifted their price target on Waste Connections from $192.00 to $195.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Jefferies Financial Group dropped their price objective on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Finally, BMO Capital Markets dropped their price target on shares of Waste Connections from $198.00 to $196.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Five 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $199.06.

About Waste Connections

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.