Waste Connections, Inc. $WCN Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. cut its position in Waste Connections, Inc. (NYSE:WCN) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,634 shares of the business services provider’s stock after selling 4,115 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Waste Connections were worth $16,797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Waste Connections by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 30,867,844 shares of the business services provider’s stock valued at $5,764,546,000 after acquiring an additional 620,600 shares during the period. WCM Investment Management LLC lifted its position in shares of Waste Connections by 1.8% during the second quarter. WCM Investment Management LLC now owns 6,501,719 shares of the business services provider’s stock worth $1,208,669,000 after purchasing an additional 117,939 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Waste Connections by 14.0% in the second quarter. Mackenzie Financial Corp now owns 5,217,973 shares of the business services provider’s stock valued at $975,190,000 after purchasing an additional 642,426 shares during the period. Norges Bank purchased a new position in shares of Waste Connections in the second quarter valued at approximately $755,938,000. Finally, 1832 Asset Management L.P. increased its position in shares of Waste Connections by 3.4% during the second quarter. 1832 Asset Management L.P. now owns 3,995,575 shares of the business services provider’s stock worth $746,054,000 after acquiring an additional 132,455 shares during the period. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Insider Buying and Selling at Waste Connections

In other news, Director Edward E. Guillet sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $174.44, for a total transaction of $1,569,960.00. Following the completion of the sale, the director owned 14,883 shares in the company, valued at approximately $2,596,190.52. The trade was a 37.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.28% of the company’s stock.

Waste Connections Price Performance

Shares of NYSE WCN opened at $170.25 on Monday. The stock’s 50-day simple moving average is $172.63 and its 200-day simple moving average is $176.24. The firm has a market capitalization of $43.53 billion, a PE ratio of 70.94, a price-to-earnings-growth ratio of 3.08 and a beta of 0.63. Waste Connections, Inc. has a fifty-two week low of $162.06 and a fifty-two week high of $201.66. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.67 and a current ratio of 0.67.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Scotiabank decreased their target price on Waste Connections from $210.00 to $204.00 and set a “sector outperform” rating for the company in a report on Wednesday, January 21st. UBS Group set a $205.00 price target on Waste Connections in a research report on Monday, January 5th. Citigroup reissued a “neutral” rating and set a $183.00 price objective (down from $196.00) on shares of Waste Connections in a research report on Friday, January 16th. Barclays restated a “negative” rating on shares of Waste Connections in a research note on Thursday, October 23rd. Finally, Wells Fargo & Company initiated coverage on shares of Waste Connections in a report on Thursday, November 13th. They issued an “overweight” rating and a $186.00 target price on the stock. Five equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $206.68.

Waste Connections Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.