First Affirmative Financial Network Raises Position in Waste Connections, Inc. (NYSE:WCN)

First Affirmative Financial Network increased its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,028 shares of the business services provider’s stock after buying an additional 94 shares during the quarter. First Affirmative Financial Network’s holdings in Waste Connections were worth $348,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Forsta AP Fonden raised its holdings in shares of Waste Connections by 30.3% in the fourth quarter. Forsta AP Fonden now owns 66,300 shares of the business services provider’s stock valued at $11,376,000 after purchasing an additional 15,400 shares during the last quarter. R Squared Ltd purchased a new stake in Waste Connections in the 4th quarter valued at about $676,000. Fulton Breakefield Broenniman LLC bought a new position in shares of Waste Connections during the 4th quarter worth approximately $11,223,000. Union Bancaire Privee UBP SA purchased a new position in shares of Waste Connections in the 4th quarter worth approximately $2,601,000. Finally, Blue Trust Inc. grew its holdings in shares of Waste Connections by 23.8% in the fourth quarter. Blue Trust Inc. now owns 2,025 shares of the business services provider’s stock valued at $362,000 after acquiring an additional 389 shares in the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.

Waste Connections Trading Down 1.1 %

WCN stock opened at $180.94 on Thursday. Waste Connections, Inc. has a one year low of $153.07 and a one year high of $194.83. The company has a market capitalization of $46.70 billion, a PE ratio of 49.71, a price-to-earnings-growth ratio of 2.67 and a beta of 0.76. The company’s 50 day moving average price is $180.22 and its two-hundred day moving average price 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.

Wall Street Analyst Weigh In

WCN has been the topic of a number of recent analyst reports. Oppenheimer lifted their target price on Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. BMO Capital Markets decreased their price target on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Citigroup upped their price objective on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Eight Capital raised Waste Connections to a “hold” rating in a research report on Wednesday, October 9th. Finally, Raymond James decreased their price objective on Waste Connections from $208.00 to $205.00 and set a “strong-buy” rating for the company in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $199.06.

Waste Connections Company 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.