Mount Yale Investment Advisors LLC Trims Stock Position in Waste Connections, Inc. (NYSE:WCN)

Mount Yale Investment Advisors LLC cut its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 26.9% in the fourth quarter, HoldingsChannel reports. The firm owned 5,727 shares of the business services provider’s stock after selling 2,111 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Waste Connections were worth $983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC acquired a new position in shares of Waste Connections in the 3rd quarter valued at about $36,000. FSA Wealth Management LLC purchased a new position in Waste Connections during the third quarter valued at approximately $40,000. Asset Dedication LLC acquired a new position in Waste Connections in the third quarter valued at approximately $41,000. Continuum Advisory LLC lifted its holdings in Waste Connections by 58.0% in 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 purchased a new stake in Waste Connections in the 3rd quarter worth approximately $47,000. 86.09% of the stock is owned by hedge funds and other institutional investors.

Waste Connections Price Performance

Waste Connections stock opened at $181.64 on Tuesday. The company has a fifty day simple moving average of $180.40 and a 200-day simple moving average of $180.87. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $46.87 billion, a price-to-earnings ratio of 49.90, a PEG ratio of 2.67 and a beta of 0.76. Waste Connections, Inc. has a 52-week low of $153.07 and a 52-week high of $194.83.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WCN shares. Stifel Nicolaus boosted their target price on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. CIBC cut their price objective on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. lowered their target price on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Oppenheimer lifted their price target on Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Citigroup upped their price target on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Five 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.06.

Waste Connections Company 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.