Waste Connections, Inc. $WCN Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 30.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,054 shares of the business services provider’s stock after selling 17,173 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Waste Connections were worth $6,866,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Asset Dedication LLC acquired a new position in Waste Connections during the second quarter worth approximately $28,000. AlphaCore Capital LLC purchased a new stake in shares of Waste Connections during the 2nd quarter valued at $39,000. Caldwell Trust Co acquired a new stake in shares of Waste Connections during the 2nd quarter worth $49,000. Trust Co. of Toledo NA OH purchased a new position in shares of Waste Connections in the 2nd quarter worth $51,000. Finally, TD Private Client Wealth LLC boosted its holdings in Waste Connections by 479.3% in the third quarter. TD Private Client Wealth LLC now owns 336 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 278 shares during the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Stock Up 0.1%

Shares of NYSE:WCN opened at $170.25 on Friday. The company has a market capitalization of $43.53 billion, a price-to-earnings ratio of 70.94, a price-to-earnings-growth ratio of 3.08 and a beta of 0.63. The company has a 50 day moving average of $172.63 and a two-hundred day moving average of $176.28. Waste Connections, Inc. has a 52-week low of $162.06 and a 52-week high of $201.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.07.

Insiders Place Their Bets

In related news, Director Edward E. Guillet sold 9,000 shares of Waste Connections stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $174.44, for a total transaction of $1,569,960.00. Following the sale, the director owned 14,883 shares of the company’s stock, valued at $2,596,190.52. The trade was a 37.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WCN. JPMorgan Chase & Co. cut their price objective on Waste Connections from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Stifel Nicolaus cut their price target on shares of Waste Connections from $221.00 to $218.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. CIBC set a $208.00 price objective on shares of Waste Connections in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Waste Connections in a research report on Wednesday, October 8th. Finally, Morgan Stanley restated an “overweight” rating and set a $220.00 target price (up previously from $215.00) on shares of Waste Connections in a report on Wednesday, December 17th. Five equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $206.68.

Waste Connections Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.