Waste Connections, Inc. (NYSE:WCN) Stock Position Lifted by EULAV Asset Management

EULAV Asset Management lifted its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 657,188 shares of the business services provider's stock after buying an additional 72,000 shares during the quarter. Waste Connections makes up approximately 2.7% of EULAV Asset Management's portfolio, making the stock its 6th biggest holding. EULAV Asset Management owned approximately 0.25% of Waste Connections worth $112,760,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Appleton Partners Inc. MA increased its stake in Waste Connections by 5.0% in the 4th quarter. Appleton Partners Inc. MA now owns 49,793 shares of the business services provider's stock worth $8,543,000 after acquiring an additional 2,392 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Waste Connections by 0.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,220 shares of the business services provider's stock worth $5,014,000 after purchasing an additional 92 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of Waste Connections by 11.5% in the fourth quarter. Bleakley Financial Group LLC now owns 8,810 shares of the business services provider's stock worth $1,512,000 after purchasing an additional 910 shares during the last quarter. Cassia Capital Partners LLC raised its stake in Waste Connections by 33.4% in the fourth quarter. Cassia Capital Partners LLC now owns 5,320 shares of the business services provider's stock valued at $912,000 after purchasing an additional 1,332 shares in the last quarter. Finally, Calamos Wealth Management LLC lifted its position in Waste Connections by 1.5% during the fourth quarter. Calamos Wealth Management LLC now owns 13,688 shares of the business services provider's stock valued at $2,349,000 after purchasing an additional 199 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Trading Up 0.2 %

WCN traded up $0.30 during trading on Tuesday, hitting $189.88. 608,351 shares of the stock traded hands, compared to its average volume of 921,369. The firm has a market capitalization of $49.00 billion, a P/E ratio of 52.17, a price-to-earnings-growth ratio of 2.97 and a beta of 0.77. Waste Connections, Inc. has a 12-month low of $153.07 and a 12-month 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 firm has a 50-day moving average of $179.48 and a 200 day moving average of $181.33.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WCN. JPMorgan Chase & Co. decreased their price target 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. Royal Bank of Canada increased their target price on Waste Connections from $199.00 to $201.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. CIBC lowered their price target on Waste Connections from $215.00 to $212.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. Raymond James cut their price objective on Waste Connections from $208.00 to $205.00 and set a "strong-buy" rating for the company in a report on Friday, October 25th. Finally, Citigroup raised their price objective on Waste Connections from $195.00 to $196.00 and gave the company a "neutral" rating in a report on Monday, January 13th. 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's stock. Based on data from MarketBeat, Waste Connections has a consensus rating of "Moderate Buy" and an average 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.