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

Forsta AP Fonden boosted its holdings in Waste Connections, Inc. (NYSE:WCN) by 30.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,300 shares of the business services provider’s stock after acquiring an additional 15,400 shares during the quarter. Forsta AP Fonden’s holdings in Waste Connections were worth $11,376,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans raised its holdings in shares of Waste Connections by 10.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 10,106 shares of the business services provider’s stock worth $1,772,000 after buying an additional 932 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Waste Connections by 134.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,768 shares of the business services provider’s stock valued at $2,590,000 after acquiring an additional 8,469 shares during the period. NewEdge Advisors LLC raised its stake in Waste Connections by 16.0% during the second quarter. NewEdge Advisors LLC now owns 6,664 shares of the business services provider’s stock worth $1,168,000 after acquiring an additional 918 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Waste Connections in the 2nd quarter valued at $2,104,000. Finally, American Trust grew its holdings in shares of Waste Connections by 3.7% in the 2nd quarter. American Trust now owns 1,573 shares of the business services provider’s stock worth $276,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Waste Connections Stock Up 3.3 %

Shares of Waste Connections stock opened at $186.53 on Friday. The firm 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. The business’s 50 day simple moving average is $180.11 and its 200 day simple moving average is $180.91. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77. Waste Connections, Inc. has a 52-week low of $153.07 and a 52-week high of $194.83.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. CIBC reduced their price target on shares of Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Eight Capital raised Waste Connections to a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets reduced their price objective on Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Morgan Stanley raised their target price on Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group reduced their price target on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating on the stock in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.