Entropy Technologies LP Purchases Shares of 4,112 Waste Connections, Inc. (NYSE:WCN)

Entropy Technologies LP acquired a new position in shares of Waste Connections, Inc. (NYSE:WCN) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,112 shares of the business services provider’s stock, valued at approximately $706,000.

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

Waste Connections Trading Up 0.2 %

NYSE WCN opened at $189.88 on Wednesday. The firm has a market capitalization of $49.00 billion, a price-to-earnings ratio of 52.17, a PEG ratio of 2.97 and a beta of 0.77. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77. Waste Connections, Inc. has a one year low of $153.07 and a one year high of $194.83. The company’s 50 day moving average price is $179.48 and its 200 day moving average price is $181.33.

Wall Street Analyst Weigh In

WCN has been the subject of a number of recent research reports. Citigroup lifted their price target on shares of Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Jefferies Financial Group lowered 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 note on Thursday, January 30th. BMO Capital Markets reduced their price target on Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Scotiabank lowered their price objective on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Finally, Raymond James reduced their target price on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 25th. Five equities 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 stock. Based on data from MarketBeat.com, the stock 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.