Harvey Investment Co. LLC Sells 2,200 Shares of Waste Connections, Inc. (NYSE:WCN)

Harvey Investment Co. LLC lessened its holdings in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,265 shares of the business services provider's stock after selling 2,200 shares during the period. Waste Connections comprises approximately 3.2% of Harvey Investment Co. LLC's holdings, making the stock its 11th largest holding. Harvey Investment Co. LLC owned about 0.06% of Waste Connections worth $27,498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of Waste Connections by 0.6% during the third quarter. FMR LLC now owns 5,313,725 shares of the business services provider's stock valued at $950,055,000 after purchasing an additional 30,890 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Waste Connections by 35.3% in the third quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider's stock worth $478,777,000 after acquiring an additional 699,012 shares during the last quarter. Fiera Capital Corp increased its holdings in shares of Waste Connections by 6.5% during the third quarter. Fiera Capital Corp now owns 2,332,002 shares of the business services provider's stock valued at $417,385,000 after acquiring an additional 142,751 shares in the last quarter. Montrusco Bolton Investments Inc. raised its position in shares of Waste Connections by 15.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 2,303,339 shares of the business services provider's stock worth $401,936,000 after purchasing an additional 309,619 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Waste Connections by 44.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider's stock worth $351,037,000 after purchasing an additional 602,055 shares in the last quarter. Institutional investors own 86.09% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on WCN shares. Oppenheimer lifted their target price on shares of Waste Connections from $192.00 to $195.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Royal Bank of Canada upped their price objective on Waste Connections from $199.00 to $201.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. CIBC reduced their target price on Waste Connections from $215.00 to $212.00 and set an "outperform" rating for the company in a report on Thursday, December 19th. Morgan Stanley boosted their target price on Waste Connections from $206.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Waste Connections from $198.00 to $197.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Five 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $199.06.

Waste Connections Stock Performance

Shares of WCN stock traded up $0.27 during trading hours on Tuesday, reaching $189.85. 307,435 shares of the company traded hands, compared to its average volume of 910,801. The firm has a 50-day moving average price of $179.48 and a 200 day moving average price of $181.33. The company has a market cap of $48.99 billion, a P/E ratio of 52.16, a P/E/G ratio of 2.97 and a beta of 0.77. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77. Waste Connections, Inc. has a 12-month low of $153.07 and a 12-month high of $194.83.

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.