Jupiter Asset Management Ltd. held its stake in shares of Waste Connections, Inc. (NYSE:WCN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,789 shares of the company’s stock at the end of the fourth quarter. Jupiter Asset Management Ltd. owned 0.08% of Waste Connections worth $10,593,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. BlackRock Group LTD raised its stake in Waste Connections by 10.0% in the third quarter. BlackRock Group LTD now owns 532,022 shares of the company’s stock valued at $39,741,000 after buying an additional 48,406 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Waste Connections by 52.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 521,402 shares of the company’s stock valued at $37,567,000 after buying an additional 179,897 shares in the last quarter. BlackRock Inc. raised its stake in Waste Connections by 2.7% in the third quarter. BlackRock Inc. now owns 100,628 shares of the company’s stock valued at $7,517,000 after buying an additional 2,620 shares in the last quarter. Samlyn Capital LLC raised its stake in Waste Connections by 43.1% in the third quarter. Samlyn Capital LLC now owns 674,291 shares of the company’s stock valued at $50,369,000 after buying an additional 203,227 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Waste Connections during the fourth quarter valued at approximately $77,146,000. 84.19% of the stock is owned by institutional investors.
Waste Connections, Inc. (NYSE:WCN) traded down 0.14% on Friday, reaching $80.03. 489,362 shares of the company’s stock traded hands. Waste Connections, Inc. has a 52-week low of $59.92 and a 52-week high of $81.98. The stock’s 50 day moving average is $79.97 and its 200 day moving average is $76.88. The firm has a market cap of $13.99 billion, a price-to-earnings ratio of 53.04 and a beta of 0.26.
WCN has been the subject of several recent research reports. Stifel Nicolaus increased their target price on shares of Waste Connections from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, December 19th. RBC Capital Markets reissued a “buy” rating and set a $90.00 target price on shares of Waste Connections in a research note on Wednesday, January 4th. Oppenheimer Holdings, Inc. set a $84.00 target price on shares of Waste Connections and gave the company a “buy” rating in a research note on Friday, January 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $86.00 target price (down from $90.00) on shares of Waste Connections in a research note on Friday, October 21st. Finally, Zacks Investment Research raised shares of Waste Connections from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Monday, October 31st. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $80.44.
About Waste Connections
Waste Connections Inc, formerly Progressive Waste Solutions Ltd, is a Canada-based waste management company. The Company provides waste collection, recycling and disposal services to commercial, industrial, municipal and residential customers in over 10 states in the United States, and the District of Columbia, and in over six Canadian provinces.
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