Cibc World Market Inc. Sells 172,226 Shares of Waste Connections, Inc. (NYSE:WCN)

Cibc World Market Inc. trimmed its stake in Waste Connections, Inc. (NYSE:WCN) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,710,315 shares of the business services provider’s stock after selling 172,226 shares during the period. Cibc World Market Inc.’s holdings in Waste Connections were worth $293,299,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. First Affirmative Financial Network boosted its position in Waste Connections by 4.9% during the fourth quarter. First Affirmative Financial Network now owns 2,028 shares of the business services provider’s stock valued at $348,000 after acquiring an additional 94 shares during the last quarter. Forsta AP Fonden increased its stake in Waste Connections by 30.3% in the fourth quarter. Forsta AP Fonden now owns 66,300 shares of the business services provider’s stock valued at $11,376,000 after purchasing an additional 15,400 shares in the last quarter. R Squared Ltd acquired a new position in shares of Waste Connections during the fourth quarter valued at about $676,000. Fulton Breakefield Broenniman LLC acquired a new stake in Waste Connections in the fourth quarter valued at approximately $11,223,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Waste Connections during the fourth quarter worth $2,601,000. 86.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WCN shares. Citigroup upped 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. Eight Capital raised shares of Waste Connections to a “hold” rating in a research report on Wednesday, October 9th. Raymond James reduced 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. Oppenheimer boosted their target price on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, BMO Capital Markets decreased their price target on Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $199.06.

Waste Connections Stock Up 3.3 %

Shares of NYSE:WCN opened at $186.53 on Friday. Waste Connections, Inc. has a one year low of $153.07 and a one year high of $194.83. The firm has a fifty day moving average price of $180.11 and a two-hundred day moving average price of $180.91. 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 $48.14 billion, a price-to-earnings ratio of 51.24, a PEG ratio of 2.83 and a beta of 0.76.

Waste Connections Company 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.