Bleakley Financial Group LLC Has $1.51 Million Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Bleakley Financial Group LLC lifted its position in Waste Connections, Inc. (NYSE:WCN) by 11.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,810 shares of the business services provider’s stock after purchasing an additional 910 shares during the period. Bleakley Financial Group LLC’s holdings in Waste Connections were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Global Trust Asset Management LLC bought a new position in Waste Connections in the 3rd quarter worth $36,000. FSA Wealth Management LLC bought a new position in shares of Waste Connections in the third quarter worth about $40,000. Asset Dedication LLC acquired a new position in shares of Waste Connections during the 3rd quarter worth about $41,000. Continuum Advisory LLC lifted its position in shares of Waste Connections by 58.0% during the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock worth $42,000 after purchasing an additional 83 shares during the last quarter. Finally, Kennebec Savings Bank bought a new stake in Waste Connections during the 3rd quarter valued at approximately $47,000. 86.09% of the stock is owned by institutional investors.

Waste Connections Price Performance

Shares of WCN stock opened at $190.33 on Friday. The stock’s fifty day simple moving average is $179.55 and its 200 day simple moving average is $181.16. Waste Connections, Inc. has a one year low of $153.07 and a one year high of $194.83. The firm has a market cap of $49.12 billion, a price-to-earnings ratio of 52.29, a P/E/G ratio of 2.88 and a beta of 0.77. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77.

Analysts Set New Price Targets

A number of research analysts have 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 for the company in a report on Friday, October 25th. Royal Bank of Canada upped their target price on shares of Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Stifel Nicolaus raised their price target on shares of Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Raymond James cut their price objective 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. Finally, Citigroup lifted their target price on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.