National Pension Service Acquires 7,675 Shares of Waste Connections Inc (WCN)

National Pension Service raised its stake in Waste Connections Inc (NYSE:WCN) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,552 shares of the business services provider’s stock after acquiring an additional 7,675 shares during the period. National Pension Service owned 0.10% of Waste Connections worth $19,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Citigroup Inc. raised its holdings in Waste Connections by 4.0% during the second quarter. Citigroup Inc. now owns 12,315 shares of the business services provider’s stock worth $793,000 after purchasing an additional 472 shares in the last quarter. Fieldpoint Private Securities LLC increased its stake in shares of Waste Connections by 50.0% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 2,107 shares of the business services provider’s stock worth $136,000 after purchasing an additional 702 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Waste Connections by 16.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,128 shares of the business services provider’s stock worth $359,000 after purchasing an additional 721 shares in the last quarter. Dai Ichi Life Insurance Company Ltd increased its stake in shares of Waste Connections by 21.5% during the 3rd quarter. Dai Ichi Life Insurance Company Ltd now owns 4,473 shares of the business services provider’s stock worth $313,000 after purchasing an additional 791 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Waste Connections by 1.9% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 43,520 shares of the business services provider’s stock worth $3,045,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 82.11% of the company’s stock.

Waste Connections Inc (NYSE WCN) traded up $1.09 during mid-day trading on Monday, reaching $67.85. 1,250,895 shares of the company’s stock traded hands, compared to its average volume of 882,341. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $17,610.00, a P/E ratio of 51.40, a price-to-earnings-growth ratio of 3.51 and a beta of 0.16. Waste Connections Inc has a 12 month low of $53.42 and a 12 month high of $74.20.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Waste Connections from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Credit Suisse Group set a $82.00 price target on shares of Waste Connections and gave the company an “outperform” rating in a report on Tuesday, October 31st. Oppenheimer lifted their price target on shares of Waste Connections from $74.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, October 27th. TD Securities boosted their target price on shares of Waste Connections from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, BMO Capital Markets assumed coverage on shares of Waste Connections in a research note on Monday, December 11th. They set an “outperform” rating and a $79.00 target price for the company. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $78.56.

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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.

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

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