Waste Connections, Inc. (NYSE:WCN) Shares Sold by Equitable Trust Co.

Equitable Trust Co. cut its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 32.2% in the 4th quarter, Holdings Channel reports. The firm owned 11,907 shares of the business services provider’s stock after selling 5,647 shares during the period. Equitable Trust Co.’s holdings in Waste Connections were worth $2,043,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Global Trust Asset Management LLC acquired a new stake in shares of Waste Connections during the third quarter valued at approximately $36,000. FSA Wealth Management LLC acquired a new stake in shares of Waste Connections during the third quarter valued at approximately $40,000. Asset Dedication LLC acquired a new stake in shares of Waste Connections during the third quarter valued at approximately $41,000. Continuum Advisory LLC raised its holdings in shares of Waste Connections by 58.0% during the third quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 83 shares during the period. Finally, Kennebec Savings Bank acquired a new stake in shares of Waste Connections during the third quarter valued at approximately $47,000. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Stock Down 0.3 %

Waste Connections stock opened at $189.66 on Tuesday. The company has a market capitalization of $48.95 billion, a P/E ratio of 52.10, a P/E/G ratio of 2.97 and a beta of 0.77. The firm’s fifty day simple moving average is $179.50 and its 200-day simple moving average is $181.23. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. Waste Connections, Inc. has a 1-year low of $153.07 and a 1-year high of $194.83.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Jefferies Financial Group cut their target price on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. CIBC cut their target price on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. JPMorgan Chase & Co. cut their target price on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Citigroup increased their target price on shares of 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 given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.