Janney Montgomery Scott LLC Cuts Stock Position in Waste Connections, Inc. (NYSE:WCN)

Janney Montgomery Scott LLC trimmed its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,692 shares of the business services provider’s stock after selling 709 shares during the period. Janney Montgomery Scott LLC’s holdings in Waste Connections were worth $3,893,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in WCN. Global Trust Asset Management LLC acquired a new position in shares of Waste Connections during the third quarter worth $36,000. FSA Wealth Management LLC purchased a new stake in Waste Connections during the 3rd quarter worth $40,000. Asset Dedication LLC acquired a new position in Waste Connections in the 3rd quarter worth $41,000. Continuum Advisory LLC boosted its position in Waste Connections by 58.0% in the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock valued at $42,000 after buying an additional 83 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new stake in shares of Waste Connections during the third quarter valued at about $47,000. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Stock Up 3.3 %

Shares of Waste Connections stock opened at $186.53 on Friday. The stock has a market capitalization of $48.14 billion, a price-to-earnings ratio of 51.24, a PEG ratio of 2.67 and a beta of 0.76. Waste Connections, Inc. has a twelve month low of $153.07 and a twelve month high of $194.83. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The business’s 50 day simple moving average is $180.11 and its 200-day simple moving average is $180.91.

Analysts Set New Price Targets

Several research analysts recently commented on the company. BMO Capital Markets cut their price target on Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Citigroup upped their target price on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Raymond James decreased their price target 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. Morgan Stanley upped their price target on shares of Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Scotiabank decreased their price objective on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a report on Monday. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waste Connections currently has a consensus rating of “Moderate Buy” and an average price target 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.