Waste Connections
About: Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 113 active landfills (20 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 163 transfer stations, and 89 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2024, 14% of consolidated revenue was generated from the firm's Canadian segment.
Employees: 23,854
0
Funds holding %
of 7,296 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
209% more call options, than puts
Call options by funds: $170M | Put options by funds: $54.9M
26% more funds holding in top 10
Funds holding in top 10: 19 [Q4 2024] → 24 (+5) [Q1 2025]
13% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 68
12% more capital invested
Capital invested by funds: $37.7B [Q4 2024] → $42.3B (+$4.62B) [Q1 2025]
1% less funds holding
Funds holding: 724 [Q4 2024] → 719 (-5) [Q1 2025]
8% less repeat investments, than reductions
Existing positions increased: 254 | Existing positions reduced: 277
1.27% less ownership
Funds ownership: 84.98% [Q4 2024] → 83.72% (-1.27%) [Q1 2025]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$206
8%
upside
Avg. target
$216
13%
upside
High target
$230
21%
upside
6 analyst ratings
4 positive
67%
2 neutral
33%
0 negative
0%
Melius Research Rob Wertheimer | 12%upside $213 | Buy Initiated | 9 Jun 2025 |
JP Morgan Tami Zakaria | 21%upside $230 | Overweight Maintained | 23 May 2025 |
Seaport Global John Mazzoni | 15%upside $220 | Buy Initiated | 7 May 2025 |
Citigroup Bryan Burgmeier | 11%upside $212 | Neutral Maintained | 29 Apr 2025 |
BMO Capital Devin Dodge | 13%upside $216 | Outperform Maintained | 25 Apr 2025 |
Financial journalist opinion
Based on 3 articles about WCN published over the past 30 days
Neutral
PRNewsWire
2 weeks ago
WASTE CONNECTIONS ANNOUNCES PRICING OF $500 MILLION OF SENIOR NOTES
TORONTO , May 28, 2025 /PRNewswire/ -- Following the previous announcement of the launch of a senior notes offering, Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") announced today that it has priced an underwritten public offering (the "Offering") of $500 million aggregate principal amount of its 5.25% Senior Notes due 2035 (the "Notes") at a price to the public of 99.874% of their face value. The Offering is expected to close on June 4, 2025, subject to customary closing conditions.
Neutral
PRNewsWire
2 weeks ago
Waste Connections Announces Senior Notes Offering
TORONTO , May 28, 2025 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") announced today that it plans to proceed, subject to market and other conditions, to offer senior notes (the "Notes") in an underwritten public offering (the "Offering"). The Notes will be senior unsecured obligations of the Company.
Neutral
PRNewsWire
4 weeks ago
WASTE CONNECTIONS ANNUAL SHAREHOLDERS MEETING RESULTS
TORONTO , May 16, 2025 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced the results of its Annual Meeting of Shareholders (the "Meeting"). All eight director nominees in the Company's 2025 management information circular and proxy statement were nominated at the Meeting and elected as directors of the Company.
Positive
Benzinga
1 month ago
In A Recession, These Waste Management Stocks Have Outperformed S&P500 Historically
Seaport Research Partners analyst John Mazzoni initiated coverage on several major waste management companies with a Buy rating.
Positive
Zacks Investment Research
1 month ago
Waste Connections Q1 Earnings Surpass Estimates, Revenues Rise Y/Y
WCN's top line in the first quarter of 2025 mainly benefits from the rise in the solid waste collection segment's revenues.
Neutral
Seeking Alpha
1 month ago
Waste Connections, Inc. (WCN) Q1 2025 Earnings Call Transcript
Waste Connections, Inc. (NYSE:WCN ) Q1 2025 Earnings Conference Call April 24, 2025 8:30 AM ET Company Participants Ronald Mittelstaedt - President and Chief Executive Officer Mary Anne Whitney - Chief Financial Officer Conference Call Participants Tyler Brown - Raymond James & Associates, Inc. Adam Bubes - Goldman Sachs Trevor Romeo - William Blair & Company Yehuda Silverman - Morgan Stanley James Schumm - TD Cowen Sabahat Khan - RBC Capital Markets Noah Kaye - Oppenheimer & Co. Inc. Bryan Burgmeier - Citigroup Inc. Stephanie Moore - Jefferies Group LLC Operator Good day, and welcome to the Waste Connections Q1 2025 Earnings Call. All participants will be in listen-only mode.
Positive
Zacks Investment Research
1 month ago
Waste Connections (WCN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Waste Connections (WCN) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 month ago
Waste Connections (WCN) Q1 Earnings and Revenues Surpass Estimates
Waste Connections (WCN) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.04 per share a year ago.
Neutral
PRNewsWire
1 month ago
WASTE CONNECTIONS ANNOUNCES REGULAR QUARTERLY CASH DIVIDEND
TORONTO , April 23, 2025 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.315 U.S. per common share of the Company. The regular quarterly cash dividend will be paid on May 22, 2025 to shareholders of record at the close of business on May 7, 2025.
Neutral
PRNewsWire
1 month ago
WASTE CONNECTIONS REPORTS FIRST QUARTER 2025 RESULTS
Better than expected financial results from price-led organic solid waste growth and continued acquisition activity provide strong start to 2025 Revenue of $2.228 billion, above outlook and up 7.5% year over year Net income(a) of $241.5 million and adjusted EBITDA(b) of $712.2 million, above outlook and up 9.5% year over year Adjusted EBITDA(b) margin of 32.0%, above outlook and up 60 basis points year over year Net income and adjusted net income(b) of $0.93 and $1.13 per share, respectively Net cash provided by operating activities of $541.5 million and adjusted free cash flow(b) of $332.1 million Year-to-date acquired annualized revenue of over $125 million TORONTO , April 23, 2025 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced its results for the first quarter of 2025. "We're extremely pleased by the strong start to 2025 as price-led organic solid waste growth and continued acquisition activity drove a top-to-bottom beat in the quarter, positioning us well for the full year.
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