Teacher Retirement System of Texas Sells 456,216 Shares of Waste Connections, Inc. $WCN

Teacher Retirement System of Texas lessened its holdings in Waste Connections, Inc. (NYSE:WCN) by 92.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,894 shares of the business services provider’s stock after selling 456,216 shares during the quarter. Teacher Retirement System of Texas’ holdings in Waste Connections were worth $7,013,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Waste Connections in the second quarter valued at $755,938,000. Picton Mahoney Asset Management purchased a new position in shares of Waste Connections in the 2nd quarter worth $140,935,000. Montrusco Bolton Investments Inc. boosted its holdings in shares of Waste Connections by 46.6% in the second quarter. Montrusco Bolton Investments Inc. now owns 2,306,702 shares of the business services provider’s stock worth $419,451,000 after buying an additional 732,718 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Waste Connections by 14.0% in the second quarter. Mackenzie Financial Corp now owns 5,217,973 shares of the business services provider’s stock worth $975,190,000 after purchasing an additional 642,426 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Waste Connections by 2.1% in the second quarter. Vanguard Group Inc. now owns 30,867,844 shares of the business services provider’s stock worth $5,764,546,000 after purchasing an additional 620,600 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at $171.35 on Tuesday. Waste Connections, Inc. has a one year low of $162.06 and a one year high of $201.66. The company has a market cap of $43.81 billion, a PE ratio of 71.39, a P/E/G ratio of 3.08 and a beta of 0.63. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.67 and a current ratio of 0.67. The business has a 50-day simple moving average of $172.67 and a 200-day simple moving average of $176.16.

Analyst Upgrades and Downgrades

WCN has been the topic of several recent research reports. Stifel Nicolaus lowered their price target on Waste Connections from $221.00 to $218.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Sanford C. Bernstein restated an “outperform” rating and issued a $205.00 price objective (up from $200.00) on shares of Waste Connections in a report on Monday, January 5th. UBS Group set a $205.00 price objective on shares of Waste Connections in a report on Monday, January 5th. Scotiabank reduced their target price on shares of Waste Connections from $210.00 to $204.00 and set a “sector outperform” rating for the company in a report on Wednesday, January 21st. Finally, Oppenheimer restated an “outperform” rating and set a $205.00 price target (down previously from $206.00) on shares of Waste Connections in a research note on Friday. Five research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $206.68.

Waste Connections Company 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.