UMB Bank n.a. Has $111,000 Stock Position in Waste Connections, Inc. (NYSE:WCN)

UMB Bank n.a. lowered its position in Waste Connections, Inc. (NYSE:WCN) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 645 shares of the business services provider’s stock after selling 75 shares during the period. UMB Bank n.a.’s holdings in Waste Connections were worth $111,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Waste Connections by 307.1% during the third quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock worth $344,615,000 after acquiring an additional 1,453,733 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Waste Connections by 432.6% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider’s stock worth $225,078,000 after purchasing an additional 1,022,851 shares during the period. National Bank of Canada FI increased its holdings in Waste Connections by 35.3% during the 3rd quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider’s stock worth $478,777,000 after purchasing an additional 699,012 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Waste Connections by 44.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider’s stock valued at $351,037,000 after purchasing an additional 602,055 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in shares of Waste Connections by 199.4% in the third quarter. Two Sigma Advisers LP now owns 591,250 shares of the business services provider’s stock valued at $105,727,000 after purchasing an additional 393,763 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WCN shares. Jefferies Financial Group decreased their price objective on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday. Scotiabank began coverage on shares of Waste Connections in a report on Friday, October 4th. They issued a “sector perform” rating and a $196.00 price objective on the stock. Morgan Stanley increased their target price on shares of Waste Connections from $206.00 to $214.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Royal Bank of Canada boosted their price target on shares of Waste Connections from $199.00 to $201.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, CIBC decreased their price objective on Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $199.31.

Waste Connections Stock Performance

NYSE WCN opened at $179.21 on Friday. The stock has a market cap of $46.25 billion, a PE ratio of 49.23, a P/E/G ratio of 2.68 and a beta of 0.76. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a 50-day moving average of $180.60 and a 200-day moving average of $180.86. Waste Connections, Inc. has a 52-week low of $151.32 and a 52-week high of $194.83.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data 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 net margin of 10.81% and a return on equity of 15.43%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the business posted $1.17 earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Waste Connections, Inc. will post 4.84 EPS for the current year.

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.