Nisa Investment Advisors LLC Sells 400 Shares of Waste Connections, Inc. (NYSE:WCN)

Nisa Investment Advisors LLC lessened its position in Waste Connections, Inc. (NYSE:WCN) by 41.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 560 shares of the business services provider’s stock after selling 400 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Waste Connections were worth $96,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of Waste Connections by 307.1% in the third quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock valued at $344,615,000 after purchasing an additional 1,453,733 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Waste Connections by 432.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider’s stock valued at $225,078,000 after purchasing an additional 1,022,851 shares in the last quarter. National Bank of Canada FI increased its stake in Waste Connections by 35.3% in 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 buying an additional 699,012 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Waste Connections by 44.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider’s stock worth $351,037,000 after buying an additional 602,055 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Waste Connections by 199.4% during the 3rd quarter. Two Sigma Advisers LP now owns 591,250 shares of the business services provider’s stock worth $105,727,000 after buying an additional 393,763 shares during the last quarter. Institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Performance

WCN opened at $186.53 on Friday. 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 business has a fifty day simple moving average of $180.11 and a 200 day simple moving average of $180.91. Waste Connections, Inc. has a 1 year low of $153.07 and a 1 year high of $194.83. The company has a market capitalization of $48.14 billion, a PE ratio of 51.24, a price-to-earnings-growth ratio of 2.67 and a beta of 0.76.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WCN. JPMorgan Chase & Co. dropped their target price on Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Citigroup upped their price objective on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Jefferies Financial Group decreased their target price 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. Raymond James lowered their target price on shares of Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating on the stock in a report on Friday, October 25th. Finally, Morgan Stanley increased their price target on shares of Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Five equities research 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $199.06.

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.