Waste Connections Inc (WCN) Stake Lifted by Brasada Capital Management LP

Share on StockTwits

Brasada Capital Management LP grew its holdings in shares of Waste Connections Inc (NYSE:WCN) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 118,184 shares of the business services provider’s stock after buying an additional 249 shares during the quarter. Waste Connections accounts for about 2.9% of Brasada Capital Management LP’s investment portfolio, making the stock its 3rd biggest position. Brasada Capital Management LP’s holdings in Waste Connections were worth $8,775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in Waste Connections by 104.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 4,643 shares of the business services provider’s stock worth $350,000 after purchasing an additional 2,374 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Waste Connections by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 337,685 shares of the business services provider’s stock worth $25,420,000 after purchasing an additional 2,539 shares in the last quarter. Northern Trust Corp lifted its holdings in Waste Connections by 2.2% during the 2nd quarter. Northern Trust Corp now owns 460,418 shares of the business services provider’s stock worth $34,660,000 after purchasing an additional 9,705 shares in the last quarter. DNB Asset Management AS lifted its holdings in Waste Connections by 8.7% during the 3rd quarter. DNB Asset Management AS now owns 27,167 shares of the business services provider’s stock worth $2,167,000 after purchasing an additional 2,167 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. raised its holdings in shares of Waste Connections by 3.4% in the 3rd quarter. Cookson Peirce & Co. Inc. now owns 27,047 shares of the business services provider’s stock valued at $2,158,000 after acquiring an additional 878 shares in the last quarter. 81.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Waste Connections stock opened at $83.67 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $22.04 billion, a PE ratio of 38.74, a PEG ratio of 2.50 and a beta of 0.30. Waste Connections Inc has a 12 month low of $66.80 and a 12 month high of $84.71.

Several research firms have weighed in on WCN. ValuEngine raised Waste Connections from a “hold” rating to a “buy” rating in a report on Monday, February 4th. KeyCorp began coverage on Waste Connections in a report on Monday, February 4th. They issued an “overweight” rating and a $94.00 price target on the stock. Zacks Investment Research raised Waste Connections from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Sunday, January 6th. Goldman Sachs Group raised Waste Connections to a “buy” rating and set a $94.00 price target on the stock in a report on Tuesday, December 4th. Finally, TD Securities set a $87.00 price target on Waste Connections and gave the company a “hold” rating in a report on Wednesday, November 28th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $87.40.

TRADEMARK VIOLATION NOTICE: “Waste Connections Inc (WCN) Stake Lifted by Brasada Capital Management LP” was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/4145417/waste-connections-inc-wcn-stake-lifted-by-brasada-capital-management-lp.html.

Waste Connections Profile

Waste Connections, Inc, a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.

Featured Article: How to Use the New Google Finance Tool

Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

Receive News & Ratings for Waste Connections Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Connections and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Keeley Teton Advisors LLC Lowers Holdings in Mdu Resources Group Inc
Keeley Teton Advisors LLC Lowers Holdings in Mdu Resources Group Inc
14,163 Shares in Telefonica S.A.  Purchased by Lindbrook Capital LLC
14,163 Shares in Telefonica S.A. Purchased by Lindbrook Capital LLC
Lindbrook Capital LLC Takes $132,000 Position in ISHARES TR/CORE DIVID GR ETF
Lindbrook Capital LLC Takes $132,000 Position in ISHARES TR/CORE DIVID GR ETF
Virtus Alternative Investment Advisers Inc. Sells 219 Shares of SBA Communications Co.
Virtus Alternative Investment Advisers Inc. Sells 219 Shares of SBA Communications Co.
VeriumReserve  Price Tops $0.35 on Top Exchanges
VeriumReserve Price Tops $0.35 on Top Exchanges
Internet Initiative Japan Inc.  Receives Consensus Recommendation of “Hold” from Analysts
Internet Initiative Japan Inc. Receives Consensus Recommendation of “Hold” from Analysts


Leave a Reply

© 2006-2019 Ticker Report