Fulton Breakefield Broenniman LLC Makes New $11.22 Million Investment in Waste Connections, Inc. (NYSE:WCN)

Fulton Breakefield Broenniman LLC bought a new position in Waste Connections, Inc. (NYSE:WCN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 recently made changes to their positions in the company. Global Trust Asset Management LLC bought a new position in Waste Connections during the third quarter valued at approximately $36,000. FSA Wealth Management LLC purchased a new position in shares of Waste Connections during the 3rd quarter worth $40,000. Asset Dedication LLC purchased a new position in shares of Waste Connections during the 3rd quarter valued at $41,000. Continuum Advisory LLC lifted its stake in shares of Waste Connections by 58.0% during the 3rd quarter. Continuum Advisory LLC now owns 226 shares of the business services provider’s stock valued at $42,000 after buying an additional 83 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new position in shares of Waste Connections during the 3rd quarter valued at $47,000. Institutional investors own 86.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on WCN. Eight Capital upgraded shares of Waste Connections to a “hold” rating in a research note on Wednesday, October 9th. Scotiabank decreased their price target on shares of Waste Connections from $196.00 to $192.00 and set a “sector perform” rating on the stock in a research note on Monday. JPMorgan Chase & Co. reduced their target price on shares of Waste Connections from $198.00 to $197.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Oppenheimer boosted their target price on shares of Waste Connections from $192.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Morgan Stanley upped their price target on shares of Waste Connections from $206.00 to $214.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Waste Connections presently has a consensus rating of “Moderate Buy” and an average target price of $199.06.

Waste Connections Stock Up 0.7 %

NYSE:WCN opened at $182.93 on Wednesday. The firm has a market capitalization of $47.21 billion, a P/E ratio of 50.26, a PEG ratio of 2.67 and a beta of 0.76. Waste Connections, Inc. has a 1-year low of $153.07 and a 1-year high of $194.83. The company’s fifty day moving average price is $180.31 and its 200-day moving average price 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.

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.