Tandem Investment Advisors Inc. Purchases 4,442 Shares of Waste Connections, Inc. $WCN

Tandem Investment Advisors Inc. boosted its position in Waste Connections, Inc. (NYSE:WCN) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 379,332 shares of the business services provider’s stock after purchasing an additional 4,442 shares during the period. Waste Connections makes up approximately 2.3% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 21st biggest holding. Tandem Investment Advisors Inc. owned approximately 0.15% of Waste Connections worth $66,687,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Asset Dedication LLC purchased a new stake in shares of Waste Connections in the second quarter worth approximately $28,000. AlphaCore Capital LLC bought a new position in Waste Connections in the 2nd quarter valued at $39,000. Caldwell Trust Co purchased a new stake in Waste Connections in the second quarter worth $49,000. Trust Co. of Toledo NA OH bought a new stake in shares of Waste Connections during the second quarter worth $51,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of Waste Connections by 479.3% during the third quarter. TD Private Client Wealth LLC now owns 336 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 278 shares during the period. Institutional investors own 86.09% of the company’s stock.

Waste Connections Stock Performance

Shares of WCN stock opened at $166.96 on Friday. The firm has a market cap of $42.68 billion, a price-to-earnings ratio of 69.57, a PEG ratio of 3.06 and a beta of 0.63. Waste Connections, Inc. has a 52-week low of $162.06 and a 52-week high of $201.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.07. The company’s 50 day moving average is $172.37 and its 200 day moving average is $175.96.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Stifel Nicolaus reduced their price target on shares of Waste Connections from $221.00 to $218.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Barclays restated a “negative” rating on shares of Waste Connections in a research note on Thursday, October 23rd. BNP Paribas Exane started coverage on shares of Waste Connections in a research note on Tuesday, January 6th. They set an “outperform” rating for the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $205.00 price objective (up previously from $200.00) on shares of Waste Connections in a research note on Monday, January 5th. Finally, Oppenheimer restated an “outperform” rating and set a $205.00 price objective (down from $206.00) on shares of Waste Connections in a report on Friday, January 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $206.50.

About Waste Connections

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.