Tobam Sells 2,383 Shares of Waste Connections, Inc. (NYSE:WCN)

Tobam decreased its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 26.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,495 shares of the business services provider's stock after selling 2,383 shares during the period. Tobam's holdings in Waste Connections were worth $1,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position in 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 buying an additional 30,890 shares during the period. National Bank of Canada FI increased its holdings in shares of Waste Connections by 35.3% in the 3rd quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider's stock valued at $478,777,000 after purchasing an additional 699,012 shares during the period. Fiera Capital Corp lifted its position in shares of Waste Connections by 6.5% in the third quarter. Fiera Capital Corp now owns 2,332,002 shares of the business services provider's stock worth $417,385,000 after purchasing an additional 142,751 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its holdings in shares of Waste Connections by 15.5% during the third 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Waste Connections by 44.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,964,082 shares of the business services provider's stock valued at $351,037,000 after purchasing an additional 602,055 shares in the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Waste Connections Stock Performance

WCN traded up $0.29 on Tuesday, hitting $189.87. 292,107 shares of the stock traded hands, compared to its average volume of 910,303. The business has a fifty day moving average price of $179.48 and a two-hundred day moving average price of $181.33. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $49.00 billion, a PE ratio of 52.09, a P/E/G ratio of 2.97 and a beta of 0.77. Waste Connections, Inc. has a 52 week low of $153.07 and a 52 week high of $194.83.

Analyst Ratings Changes

WCN has been the subject of a number of research reports. Royal Bank of Canada lifted their target price on shares of Waste Connections from $199.00 to $201.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Citigroup lifted their price target on Waste Connections from $195.00 to $196.00 and gave the company a "neutral" rating in a report on Monday, January 13th. Morgan Stanley increased their price objective on Waste Connections from $206.00 to $214.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. CIBC reduced their target price on shares of Waste Connections from $215.00 to $212.00 and set an "outperform" rating for the company in a research note on Thursday, December 19th. Finally, Jefferies Financial Group cut their price target on shares of Waste Connections from $225.00 to $210.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Connections has a consensus rating of "Moderate Buy" and an average price target of $199.06.

Waste Connections 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.