Harvey Investment Co. LLC Lowers Holdings in Waste Connections, Inc. (NYSE:WCN)

Harvey Investment Co. LLC reduced its position in shares of Waste Connections, Inc. (NYSE:WCN) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 160,265 shares of the business services provider’s stock after selling 2,200 shares during the quarter. Waste Connections comprises about 3.2% of Harvey Investment Co. LLC’s portfolio, making the stock its 11th biggest position. Harvey Investment Co. LLC owned 0.06% of Waste Connections worth $27,498,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Versor Investments LP boosted its holdings in shares of Waste Connections by 75.1% in the 3rd quarter. Versor Investments LP now owns 8,221 shares of the business services provider’s stock valued at $1,470,000 after buying an additional 3,527 shares in the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Waste Connections during the 3rd quarter valued at $552,000. Dynamic Technology Lab Private Ltd purchased a new position in Waste Connections during the 3rd quarter worth $2,503,000. Barclays PLC grew its stake in Waste Connections by 34.3% during the 3rd quarter. Barclays PLC now owns 303,040 shares of the business services provider’s stock worth $54,190,000 after buying an additional 77,466 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its position in Waste Connections by 65.6% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 3,034 shares of the business services provider’s stock valued at $543,000 after buying an additional 1,202 shares in the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on WCN. Jefferies Financial Group lowered their price target on Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. lowered their price target on Waste Connections from $198.00 to $197.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Oppenheimer increased their price target 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 lifted their price objective 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. Finally, Citigroup increased their price objective on shares of Waste Connections from $195.00 to $196.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Waste Connections presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.06.

Waste Connections Stock Performance

Shares of WCN stock opened at $189.18 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. Waste Connections, Inc. has a 12-month low of $153.07 and a 12-month high of $194.83. The business’s 50 day moving average is $179.55 and its two-hundred day moving average is $181.16. The company has a market capitalization of $48.82 billion, a P/E ratio of 51.97, a P/E/G ratio of 2.88 and a beta of 0.77.

About Waste Connections

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.