Daiwa Securities Group Inc. raised its position in Waste Connections Inc (NYSE:WCN) by 42.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,032 shares of the business services provider’s stock after purchasing an additional 39,466 shares during the period. Daiwa Securities Group Inc. owned approximately 0.05% of Waste Connections worth $9,878,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Essex Savings Bank bought a new stake in shares of Waste Connections during the fourth quarter worth $33,000. Capital Investment Advisory Services LLC bought a new stake in shares of Waste Connections during the fourth quarter worth $42,000. First Hawaiian Bank increased its position in shares of Waste Connections by 28.0% during the fourth quarter. First Hawaiian Bank now owns 860 shares of the business services provider’s stock worth $63,000 after acquiring an additional 188 shares in the last quarter. We Are One Seven LLC bought a new stake in shares of Waste Connections during the fourth quarter worth $83,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Waste Connections by 31.1% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,130 shares of the business services provider’s stock worth $84,000 after acquiring an additional 268 shares in the last quarter. 81.68% of the stock is owned by institutional investors.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Waste Connections from a “buy” rating to a “hold” rating in a research report on Thursday, October 25th. ValuEngine raised shares of Waste Connections from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. TD Securities set a $87.00 price objective on shares of Waste Connections and gave the stock a “hold” rating in a research report on Wednesday, November 28th. Royal Bank of Canada increased their target price on shares of Waste Connections from $84.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, October 31st. Finally, UBS Group set a $90.00 target price on shares of Waste Connections and gave the stock a “buy” rating in a report on Wednesday, October 31st. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $87.40.
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Waste Connections Profile
Waste Connections, Inc, a solid waste services company, 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, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.
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