Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in shares of Waste Connections Inc (NYSE:WCN) by 23.7% in the second quarter, Holdings Channel reports. The fund owned 88,746 shares of the business services provider’s stock after selling 27,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Waste Connections were worth $8,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Cable Hill Partners LLC increased its holdings in shares of Waste Connections by 325.6% during the 1st quarter. Cable Hill Partners LLC now owns 566 shares of the business services provider’s stock worth $50,000 after purchasing an additional 433 shares during the period. Parallel Advisors LLC increased its holdings in shares of Waste Connections by 44.7% during the 1st quarter. Parallel Advisors LLC now owns 622 shares of the business services provider’s stock worth $55,000 after purchasing an additional 192 shares during the period. Flagship Harbor Advisors LLC increased its holdings in shares of Waste Connections by 77.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 742 shares of the business services provider’s stock worth $65,000 after purchasing an additional 324 shares during the period. Signaturefd LLC increased its holdings in shares of Waste Connections by 24.5% during the 1st quarter. Signaturefd LLC now owns 854 shares of the business services provider’s stock worth $76,000 after purchasing an additional 168 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Waste Connections by 67.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,080 shares of the business services provider’s stock worth $96,000 after purchasing an additional 434 shares during the period. 83.29% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on WCN shares. Royal Bank of Canada set a $147.00 price objective on shares of Ameriprise Financial and gave the stock a “hold” rating in a report on Friday, April 26th. AltaCorp Capital downgraded shares of Waste Connections from an “outperform” rating to a “sector perform” rating in a report on Thursday, April 25th. Oppenheimer restated a “market perform” rating on shares of Waste Management in a report on Thursday, July 18th. BMO Capital Markets set a $76.00 price objective on shares of Gilead Sciences and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Raymond James set a $33.00 price objective on shares of LKQ and gave the stock a “buy” rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Waste Connections currently has an average rating of “Buy” and an average target price of $96.60.

NYSE WCN traded up $0.83 on Friday, reaching $94.78. The company’s stock had a trading volume of 1,279,978 shares, compared to its average volume of 601,100. The stock has a market capitalization of $24.99 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 2.76 and a beta of 0.21. The company’s 50-day moving average price is $95.35. Waste Connections Inc has a 52 week low of $70.28 and a 52 week high of $97.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.47 and a current ratio of 1.47.

Waste Connections (NYSE:WCN) last posted its earnings results on Wednesday, April 24th. The business services provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Waste Connections had a net margin of 10.89% and a return on equity of 10.58%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 earnings per share. As a group, equities analysts forecast that Waste Connections Inc will post 2.74 EPS for the current year.

Waste Connections Company Profile

Waste Connections, Inc provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and 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.

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Institutional Ownership by Quarter for Waste Connections (NYSE:WCN)

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