Waste Connections, Inc. (NYSE:WCN) is EULAV Asset Management’s 6th Largest Position

EULAV Asset Management raised its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 12.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 657,188 shares of the business services provider’s stock after purchasing an additional 72,000 shares during the period. Waste Connections accounts for about 2.7% of EULAV Asset Management’s portfolio, making the stock its 6th largest position. EULAV Asset Management owned 0.25% of Waste Connections worth $112,760,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. FMR LLC increased its holdings 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 boosted its position in Waste Connections by 35.3% during 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 acquiring an additional 699,012 shares in the last quarter. Fiera Capital Corp increased its holdings in shares of Waste Connections by 6.5% in the 3rd 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 during the period. 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 acquiring an additional 309,619 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Waste Connections by 44.2% during 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 during the last quarter. Institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Performance

Shares of NYSE WCN opened at $190.33 on Friday. The company has a market capitalization of $49.12 billion, a PE ratio of 52.29, a price-to-earnings-growth ratio of 2.88 and a beta of 0.77. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.77 and a current ratio of 0.77. The company’s fifty day moving average price is $179.55 and its 200 day moving average price is $181.16. Waste Connections, Inc. has a 1 year low of $153.07 and a 1 year high of $194.83.

Wall Street Analysts Forecast Growth

WCN has been the topic of a number of analyst reports. Oppenheimer lifted their price objective on shares of Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Morgan Stanley lifted their price target on shares of Waste Connections from $206.00 to $214.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Royal Bank of Canada increased their price objective on Waste Connections from $199.00 to $201.00 and gave the company an “outperform” rating in a report on Friday, October 25th. CIBC dropped their target price on Waste Connections from $215.00 to $212.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Finally, Citigroup increased their price target on Waste Connections from $195.00 to $196.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.