Waste Connections, Inc. (NYSE:WCN) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Waste Connections from a “hold” rating to a “buy” rating and set a $67.33 price target on the stock in a research note on Tuesday, April 25th. Credit Suisse Group reiterated a “buy” rating and set a $75.00 price target on shares of Waste Connections in a research note on Friday, June 23rd. Barclays PLC reiterated a “buy” rating and set a $68.00 price target on shares of Waste Connections in a research note on Friday, June 23rd. Stifel Nicolaus lifted their price target on shares of Waste Connections from $66.50 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Finally, TD Securities cut their price target on shares of Waste Connections from $66.67 to $63.33 and set a “hold” rating on the stock in a research note on Friday, April 28th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $66.83.

Shares of Waste Connections (NYSE:WCN) traded down 0.05% during mid-day trading on Monday, hitting $63.90. The company had a trading volume of 1,092,582 shares. The firm has a 50-day moving average price of $64.79 and a 200 day moving average price of $59.47. Waste Connections has a 52-week low of $47.81 and a 52-week high of $67.06. The firm has a market capitalization of $16.83 billion, a price-to-earnings ratio of 74.13 and a beta of 0.24.

Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, April 26th. The business services provider reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. Waste Connections had a net margin of 5.48% and a return on equity of 8.37%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the business earned $0.30 EPS. Waste Connections’s revenue for the quarter was up 112.0% compared to the same quarter last year. Analysts expect that Waste Connections will post $2.09 earnings per share for the current year.

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In other news, Director Susan Lee bought 800 shares of the stock in a transaction dated Tuesday, June 6th. The shares were acquired at an average price of $96.97 per share, with a total value of $77,576.00. Following the completion of the acquisition, the director now directly owns 5,079 shares in the company, valued at $492,510.63. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Patrick James Shea sold 6,000 shares of Waste Connections stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $96.95, for a total transaction of $581,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,400 shares of company stock worth $2,350,516. 0.68% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of WCN. Jag Capital Management LLC increased its stake in shares of Waste Connections by 48.1% in the second quarter. Jag Capital Management LLC now owns 160,144 shares of the business services provider’s stock valued at $10,316,000 after buying an additional 52,012 shares during the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of Waste Connections by 50.9% in the second quarter. First Citizens Bank & Trust Co. now owns 10,465 shares of the business services provider’s stock valued at $674,000 after buying an additional 3,530 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in shares of Waste Connections by 50.0% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 17,625 shares of the business services provider’s stock valued at $1,130,000 after buying an additional 5,875 shares during the last quarter. Copeland Capital Management LLC increased its stake in shares of Waste Connections by 95.1% in the second quarter. Copeland Capital Management LLC now owns 325,893 shares of the business services provider’s stock valued at $20,994,000 after buying an additional 158,846 shares during the last quarter. Finally, Insight Capital Research & Management Inc. purchased a new stake in shares of Waste Connections during the second quarter valued at $318,000. 57.70% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Company Profile

Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.

Analyst Recommendations for Waste Connections (NYSE:WCN)

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