Signature Estate & Investment Advisors LLC Has $251,000 Holdings in Waste Connections, Inc. $WCN

Signature Estate & Investment Advisors LLC cut its holdings in Waste Connections, Inc. (NYSE:WCN) by 95.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,429 shares of the business services provider’s stock after selling 33,650 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Waste Connections were worth $251,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of WCN. Asset Dedication LLC acquired a new stake in shares of Waste Connections in the second quarter worth about $28,000. Greykasell Wealth Strategies Inc. raised its stake in shares of Waste Connections by 555.2% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 161 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in Waste Connections in the 2nd quarter worth approximately $39,000. Caldwell Trust Co acquired a new stake in Waste Connections in the 2nd quarter worth approximately $49,000. Finally, Trust Co. of Toledo NA OH bought a new stake in Waste Connections during the second quarter worth approximately $51,000. 86.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WCN shares. UBS Group set a $205.00 price objective on shares of Waste Connections in a research note on Monday, January 5th. Scotiabank dropped their target price on shares of Waste Connections from $210.00 to $204.00 and set a “sector outperform” rating on the stock in a report on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price target on shares of Waste Connections from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Barclays reaffirmed a “negative” rating on shares of Waste Connections in a research report on Thursday, October 23rd. Finally, BNP Paribas Exane initiated coverage on Waste Connections in a research note on Tuesday, January 6th. They issued an “outperform” rating on the stock. Five investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $206.50.

Waste Connections Stock Performance

NYSE:WCN opened at $171.11 on Wednesday. The firm’s 50-day moving average is $171.36 and its 200-day moving average is $174.98. The company has a market cap of $43.75 billion, a price-to-earnings ratio of 71.30, a PEG ratio of 3.11 and a beta of 0.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.67 and a current ratio of 0.67. Waste Connections, Inc. has a 52-week low of $162.06 and a 52-week high of $201.66.

Waste Connections Company 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.