Forsta AP Fonden Purchases 15,400 Shares of Waste Connections, Inc. (NYSE:WCN)

Forsta AP Fonden grew its position in Waste Connections, Inc. (NYSE:WCN) by 30.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,300 shares of the business services provider’s stock after purchasing an additional 15,400 shares during the quarter. Forsta AP Fonden’s holdings in Waste Connections were worth $11,376,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. American Trust grew its holdings in Waste Connections by 3.7% in the 2nd quarter. American Trust now owns 1,573 shares of the business services provider’s stock valued at $276,000 after buying an additional 56 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Waste Connections by 8.8% in the fourth quarter. Fifth Third Bancorp now owns 705 shares of the business services provider’s stock valued at $121,000 after acquiring an additional 57 shares in the last quarter. GAMMA Investing LLC increased its position in Waste Connections by 15.0% during the third quarter. GAMMA Investing LLC now owns 529 shares of the business services provider’s stock worth $95,000 after acquiring an additional 69 shares during the period. 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 worth $42,000 after purchasing an additional 83 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in Waste Connections by 6.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,515 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 90 shares during the period. Institutional investors own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WCN shares. CIBC dropped their price target on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada upped their target price on Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Citigroup raised their price target on Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Raymond James cut their price objective on shares of Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a research report on Friday, October 25th. Finally, Scotiabank decreased their price target on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a research note on Monday. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $199.06.

Waste Connections Stock Performance

Shares of WCN opened at $186.53 on Friday. 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, Inc. has a one year low of $153.07 and a one year high of $194.83. The stock has a 50-day moving average of $180.11 and a 200-day moving average of $180.91. The company has a market cap of $48.14 billion, a PE ratio of 51.24, a P/E/G ratio of 2.67 and a beta of 0.76.

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.