Waste Connections, Inc. $WCN Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 1.6% during the third quarter, Holdings Channel reports. The fund owned 220,682 shares of the business services provider’s stock after selling 3,648 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Waste Connections were worth $38,796,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Asset Dedication LLC acquired a new position in Waste Connections during the 2nd quarter worth $28,000. AlphaCore Capital LLC acquired a new stake in Waste Connections in the second quarter worth $39,000. Caldwell Trust Co bought a new stake in Waste Connections in the second quarter valued at $49,000. Trust Co. of Toledo NA OH bought a new stake in Waste Connections in the 2nd quarter valued at about $51,000. Finally, TD Private Client Wealth LLC raised its stake in Waste Connections by 479.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 336 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Insiders Place Their Bets

In other Waste Connections news, Director Edward E. Guillet sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $174.44, for a total transaction of $1,569,960.00. Following the transaction, the director owned 14,883 shares of the company’s stock, valued at $2,596,190.52. The trade was a 37.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is currently owned by corporate insiders.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at $170.25 on Monday. Waste Connections, Inc. has a one year low of $162.06 and a one year high of $201.66. The stock’s 50-day moving average is $172.63 and its 200-day moving average is $176.24. The firm has a market cap of $43.53 billion, a price-to-earnings ratio of 70.94, a price-to-earnings-growth ratio of 3.08 and a beta of 0.63. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.67 and a quick ratio of 0.67.

Wall Street Analysts Forecast Growth

WCN has been the topic of several research reports. Raymond James Financial set a $213.00 price target on shares of Waste Connections and gave the stock a “strong-buy” rating in a research report on Monday, October 6th. UBS Group set a $205.00 price target on Waste Connections in a report on Monday, January 5th. BNP Paribas Exane initiated coverage on shares of Waste Connections in a research note on Tuesday, January 6th. They issued an “outperform” rating on the stock. Oppenheimer reiterated an “outperform” rating and set a $205.00 price target (down from $206.00) on shares of Waste Connections in a report on Friday. Finally, Citigroup reaffirmed a “neutral” rating and issued a $183.00 price target (down previously from $196.00) on shares of Waste Connections in a research report on Friday, January 16th. Five equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Waste Connections has a consensus rating of “Buy” and a consensus target price of $206.68.

Waste Connections Profile

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.