Waste Connections, Inc. $WCN Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in shares of Waste Connections, Inc. (NYSE:WCN) by 770.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 57,519 shares of the business services provider’s stock after purchasing an additional 50,911 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Waste Connections were worth $10,112,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asset Dedication LLC acquired a new position in Waste Connections during the second quarter valued at approximately $28,000. AlphaCore Capital LLC purchased a new position in shares of Waste Connections in the 2nd quarter valued at $39,000. Caldwell Trust Co purchased a new position in shares of Waste Connections in the 2nd quarter valued at $49,000. Trust Co. of Toledo NA OH acquired a new position in shares of Waste Connections during the 2nd quarter valued at $51,000. Finally, TD Private Client Wealth LLC boosted its position in Waste Connections by 479.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 336 shares of the business services provider’s stock worth $59,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Price Performance

Shares of NYSE WCN opened at $169.27 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.07. Waste Connections, Inc. has a fifty-two week low of $162.06 and a fifty-two week high of $201.66. The business has a 50 day moving average price of $171.75 and a two-hundred day moving average price of $175.47. The firm has a market cap of $43.28 billion, a PE ratio of 70.53, a price-to-earnings-growth ratio of 3.01 and a beta of 0.62.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. CIBC set a $208.00 price objective on Waste Connections in a research report on Thursday, January 8th. JPMorgan Chase & Co. dropped their target price on Waste Connections from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Barclays reissued a “negative” rating on shares of Waste Connections in a research report on Thursday, October 23rd. Stifel Nicolaus lowered their price objective on shares of Waste Connections from $221.00 to $218.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $205.00 target price (up from $200.00) on shares of Waste Connections in a research report on Monday, January 5th. Five equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $206.50.

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.