Triasima Portfolio Management inc. Sells 1,500 Shares of Waste Connections, Inc. (NYSE:WCN)

Triasima Portfolio Management inc. lessened its holdings in Waste Connections, Inc. (NYSE:WCN - Free Report) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,727 shares of the business services provider's stock after selling 1,500 shares during the period. Waste Connections comprises 1.2% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 22nd biggest holding. Triasima Portfolio Management inc.'s holdings in Waste Connections were worth $6,298,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Global Trust Asset Management LLC bought a new stake in shares of Waste Connections during the 3rd quarter worth $36,000. FSA Wealth Management LLC purchased a new position in Waste Connections in the third quarter valued at about $40,000. Asset Dedication LLC bought a new stake in shares of Waste Connections in the 3rd quarter worth approximately $41,000. Continuum Advisory LLC lifted its stake in Waste Connections by 58.0% in the third 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 during the last quarter. Finally, Kennebec Savings Bank purchased a new stake in Waste Connections in the third quarter worth $47,000. Institutional investors own 86.09% of the company's stock.

Waste Connections Trading Up 0.1 %

Shares of Waste Connections stock traded up $0.27 during trading on Tuesday, reaching $189.85. The company's stock had a trading volume of 307,435 shares, compared to its average volume of 910,801. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The company has a market cap of $48.99 billion, a price-to-earnings ratio of 52.16, a PEG ratio of 2.97 and a beta of 0.77. The firm's 50-day moving average is $179.48 and its two-hundred day moving average is $181.33. Waste Connections, Inc. has a 52-week low of $153.07 and a 52-week high of $194.83.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. 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 report on Thursday, January 30th. JPMorgan Chase & Co. lowered their target price on shares of Waste Connections from $198.00 to $197.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Citigroup raised their price target on Waste Connections from $195.00 to $196.00 and gave the stock a "neutral" rating in a report on Monday, January 13th. BMO Capital Markets reduced their target price on Waste Connections from $198.00 to $196.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Finally, Stifel Nicolaus increased their price target on shares of Waste Connections from $205.00 to $212.00 and gave the stock a "buy" rating in a report 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.