Waste Connections, Inc. (NYSE:WCN) Stock Position Boosted by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 229.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,468 shares of the business services provider’s stock after acquiring an additional 2,414 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Waste Connections were worth $595,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in WCN. FMR LLC raised its holdings in Waste Connections by 0.6% during the third quarter. FMR LLC now owns 5,313,725 shares of the business services provider’s stock worth $950,055,000 after purchasing an additional 30,890 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Waste Connections by 35.3% in 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 buying an additional 699,012 shares in the last quarter. Fiera Capital Corp lifted its holdings in shares of Waste Connections by 6.5% in the third quarter. Fiera Capital Corp now owns 2,332,002 shares of the business services provider’s stock valued at $417,385,000 after buying an additional 142,751 shares during the period. Montrusco Bolton Investments Inc. lifted its holdings in shares of Waste Connections by 15.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 2,303,339 shares of the business services provider’s stock valued at $401,936,000 after buying an additional 309,619 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Waste Connections by 44.2% during the third 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 buying an additional 602,055 shares in the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.

Waste Connections Stock Performance

Shares of WCN opened at $189.66 on Tuesday. The company has a market capitalization of $48.95 billion, a PE ratio of 52.10, a PEG ratio of 2.97 and a beta of 0.77. 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 company’s 50 day moving average price is $179.50 and its 200 day moving average price is $181.23. Waste Connections, Inc. has a 52 week low of $153.07 and a 52 week high of $194.83.

Analyst Upgrades and Downgrades

WCN has been the topic of several research reports. 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. Oppenheimer increased their target price on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Citigroup lifted their price target on shares of 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 dropped their price target on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating on the stock in a report on Friday, October 25th. Finally, Scotiabank decreased their target price on Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Five research 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 stock. Based on data from MarketBeat.com, Waste Connections has an average rating of “Moderate Buy” and a consensus target price of $199.06.

About Waste Connections

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.