Harvey Investment Co. LLC Decreases Stake in Waste Connections, Inc. (NYSE:WCN)

Harvey Investment Co. LLC decreased its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,265 shares of the business services provider’s stock after selling 2,200 shares during the quarter. Waste Connections comprises about 3.2% of Harvey Investment Co. LLC’s portfolio, making the stock its 11th biggest holding. Harvey Investment Co. LLC’s holdings in Waste Connections were worth $27,498,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WCN. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Waste Connections by 0.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,220 shares of the business services provider’s stock valued at $5,014,000 after acquiring an additional 92 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Waste Connections by 11.5% during the 4th quarter. Bleakley Financial Group LLC now owns 8,810 shares of the business services provider’s stock worth $1,512,000 after purchasing an additional 910 shares during the last quarter. Cassia Capital Partners LLC boosted its holdings in shares of Waste Connections by 33.4% during the 4th quarter. Cassia Capital Partners LLC now owns 5,320 shares of the business services provider’s stock worth $912,000 after purchasing an additional 1,332 shares during the last quarter. Calamos Wealth Management LLC grew its position in shares of Waste Connections by 1.5% in the fourth quarter. Calamos Wealth Management LLC now owns 13,688 shares of the business services provider’s stock valued at $2,349,000 after purchasing an additional 199 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its holdings in shares of Waste Connections by 6.3% in the fourth quarter. Conestoga Capital Advisors LLC now owns 6,304 shares of the business services provider’s stock valued at $1,082,000 after purchasing an additional 375 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WCN. Oppenheimer upped their price objective 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. Stifel Nicolaus lifted their price objective on shares of Waste Connections from $205.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. reduced their target price on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. CIBC cut their price objective on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Finally, Jefferies Financial Group decreased their target price on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $199.06.

Waste Connections Trading Up 0.3 %

NYSE WCN opened at $189.18 on Friday. The company’s fifty day moving average price is $179.55 and its two-hundred day moving average price is $181.16. The company has a market capitalization of $48.82 billion, a price-to-earnings ratio of 51.97, a price-to-earnings-growth ratio of 2.88 and a beta of 0.77. Waste Connections, Inc. has a 12 month low of $153.07 and a 12 month high of $194.83. 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 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.