Sumitomo Mitsui Trust Group Inc. Has $48.75 Million Stake in Waste Connections, Inc. (NYSE:WCN)

Sumitomo Mitsui Trust Group Inc. reduced its position in Waste Connections, Inc. (NYSE:WCN) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 284,094 shares of the business services provider’s stock after selling 7,911 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Waste Connections were worth $48,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in shares of Waste Connections by 307.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,927,155 shares of the business services provider’s stock valued at $344,615,000 after acquiring an additional 1,453,733 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Waste Connections by 432.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,259,312 shares of the business services provider’s stock valued at $225,078,000 after acquiring an additional 1,022,851 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Waste Connections by 35.3% in the 3rd quarter. National Bank of Canada FI now owns 2,678,562 shares of the business services provider’s stock worth $478,777,000 after acquiring an additional 699,012 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in 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 acquiring an additional 602,055 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Waste Connections by 199.4% during the 3rd quarter. Two Sigma Advisers LP now owns 591,250 shares of the business services provider’s stock valued at $105,727,000 after purchasing an additional 393,763 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on WCN. Stifel Nicolaus boosted their price objective on Waste Connections from $205.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. BMO Capital Markets decreased their price objective on shares of Waste Connections from $198.00 to $196.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Citigroup boosted their target price 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. Royal Bank of Canada increased their price target 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, Oppenheimer boosted 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. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Waste Connections currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.06.

Waste Connections Price Performance

Shares of WCN opened at $189.66 on Tuesday. The stock has a market cap of $48.95 billion, a P/E ratio of 52.10, a price-to-earnings-growth ratio of 2.97 and a beta of 0.77. Waste Connections, Inc. has a 1 year low of $153.07 and a 1 year high of $194.83. The stock’s 50-day moving average price is $179.50 and its two-hundred day moving average price is $181.23. 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 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.