Capital Planning Advisors LLC Increases Stock Holdings in Waste Connections, Inc. (NYSE:WCN)

Capital Planning Advisors LLC raised its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,338 shares of the business services provider’s stock after purchasing an additional 2,089 shares during the quarter. Waste Connections makes up about 1.0% of Capital Planning Advisors LLC’s holdings, making the stock its 28th biggest holding. Capital Planning Advisors LLC’s holdings in Waste Connections were worth $6,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. American Trust lifted its stake in shares of Waste Connections by 3.7% in the 2nd quarter. American Trust now owns 1,573 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 56 shares during the period. GAMMA Investing LLC lifted its position in Waste Connections by 15.0% during the third quarter. GAMMA Investing LLC now owns 529 shares of the business services provider’s stock valued at $95,000 after buying an additional 69 shares during the period. Continuum Advisory LLC boosted its holdings 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 valued at $42,000 after buying an additional 83 shares in the last quarter. Kingsview Wealth Management LLC grew its position in shares of Waste Connections by 6.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider’s stock worth $271,000 after buying an additional 90 shares during the period. Finally, Pittenger & Anderson Inc. increased its stake in shares of Waste Connections by 0.5% in the 3rd quarter. Pittenger & Anderson Inc. now owns 21,885 shares of the business services provider’s stock worth $3,913,000 after acquiring an additional 110 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Stock Performance

WCN stock opened at $178.44 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. Waste Connections, Inc. has a 1 year low of $151.32 and a 1 year high of $194.83. The company has a market cap of $46.05 billion, a P/E ratio of 49.02, a price-to-earnings-growth ratio of 2.68 and a beta of 0.76. The stock’s fifty day moving average price is $180.60 and its 200-day moving average price is $180.86.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.05. Waste Connections had a return on equity of 15.43% and a net margin of 10.81%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period last year, the firm posted $1.17 earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts forecast that Waste Connections, Inc. will post 4.84 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price objective 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. Eight Capital raised Waste Connections to a “hold” rating in a research report on Wednesday, October 9th. Citigroup raised their price objective on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Oppenheimer boosted their target price on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Morgan Stanley raised their price target on Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.75.

About Waste Connections

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.