Fulton Breakefield Broenniman LLC Purchases New Shares in Waste Connections, Inc. (NYSE:WCN)

Fulton Breakefield Broenniman LLC acquired a new stake in shares of Waste Connections, Inc. (NYSE:WCN) during the 4th quarter, HoldingsChannel reports. The fund acquired 65,407 shares of the business services provider’s stock, valued at approximately $11,223,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versor Investments LP lifted its stake in shares of Waste Connections by 75.1% in the third quarter. Versor Investments LP now owns 8,221 shares of the business services provider’s stock worth $1,470,000 after buying an additional 3,527 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in Waste Connections in the 3rd quarter valued at about $552,000. Dynamic Technology Lab Private Ltd acquired a new position in Waste Connections in the 3rd quarter valued at about $2,503,000. Barclays PLC boosted its holdings in Waste Connections by 34.3% in the 3rd quarter. Barclays PLC now owns 303,040 shares of the business services provider’s stock valued at $54,190,000 after purchasing an additional 77,466 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its stake in shares of Waste Connections by 65.6% in 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 acquiring an additional 1,202 shares during the period. 86.09% of the stock is owned by hedge funds and other institutional investors.

Waste Connections Price Performance

Waste Connections stock opened at $182.93 on Wednesday. Waste Connections, Inc. has a 12-month low of $153.07 and a 12-month high of $194.83. The stock has a market capitalization of $47.21 billion, a P/E ratio of 50.26, a P/E/G ratio of 2.67 and a beta of 0.76. The firm’s 50-day moving average is $180.31 and its two-hundred day moving average is $180.89. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.77.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WCN shares. Eight Capital raised shares of Waste Connections to a “hold” rating in a research note on Wednesday, October 9th. Jefferies Financial Group lowered their price target on shares of Waste Connections from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Oppenheimer upped their target price on shares of Waste Connections from $192.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Royal Bank of Canada increased their price target on shares of Waste Connections from $199.00 to $201.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Scotiabank cut their price objective on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating for the company in a research report on Monday. Five investment 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $199.06.

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.