Intact Investment Management Inc. Has $20.89 Million Stock Position in Waste Connections, Inc. $WCN

Intact Investment Management Inc. boosted its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 271.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,817 shares of the business services provider’s stock after purchasing an additional 86,840 shares during the period. Intact Investment Management Inc.’s holdings in Waste Connections were worth $20,890,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WCN. Integrated Wealth Concepts LLC acquired a new position in shares of Waste Connections during the 1st quarter worth $577,000. Wealth Enhancement Advisory Services LLC grew its position in Waste Connections by 7.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,628 shares of the business services provider’s stock valued at $1,378,000 after acquiring an additional 559 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Waste Connections by 153.2% during the second quarter. Farther Finance Advisors LLC now owns 600 shares of the business services provider’s stock worth $112,000 after acquiring an additional 363 shares in the last quarter. Ballentine Partners LLC raised its stake in Waste Connections by 7.0% during the second quarter. Ballentine Partners LLC now owns 1,212 shares of the business services provider’s stock worth $226,000 after acquiring an additional 79 shares in the last quarter. Finally, Kathmere Capital Management LLC bought a new position in shares of Waste Connections in the second quarter worth about $365,000. Institutional investors own 86.09% of the company’s stock.

Insider Buying and Selling

In other Waste Connections news, Director Edward E. Guillet sold 9,000 shares of the company’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $174.44, for a total value of $1,569,960.00. Following the sale, the director owned 14,883 shares in the company, valued at approximately $2,596,190.52. The trade was a 37.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

WCN has been the topic of several research reports. Oppenheimer reaffirmed an “outperform” rating and set a $205.00 price target (down from $206.00) on shares of Waste Connections in a report on Friday. Wells Fargo & Company began coverage on shares of Waste Connections in a research report on Thursday, November 13th. They issued an “overweight” rating and a $186.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waste Connections in a research note on Wednesday, October 8th. CIBC set a $208.00 price target on shares of Waste Connections in a report on Thursday, January 8th. Finally, National Bankshares dropped their price target on Waste Connections from $211.00 to $196.00 and set an “outperform” rating for the company in a research note on Tuesday, October 7th. Five equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Waste Connections has an average rating of “Buy” and an average target price of $206.68.

Waste Connections Price Performance

WCN stock opened at $170.25 on Monday. The company has a market capitalization of $43.53 billion, a P/E ratio of 70.94, a PEG ratio of 3.08 and a beta of 0.63. The company has a fifty day moving average price of $172.63 and a 200-day moving average price of $176.24. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.67 and a current ratio of 0.67. Waste Connections, Inc. has a 52-week low of $162.06 and a 52-week high of $201.66.

About Waste Connections

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.