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
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
69% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 55
54% more call options, than puts
Call options by funds: $49.8M | Put options by funds: $32.2M
27% more repeat investments, than reductions
Existing positions increased: 299 | Existing positions reduced: 235
4% more funds holding
Funds holding: 728 [Q1] → 754 (+26) [Q2]
1.09% more ownership
Funds ownership: 83.88% [Q1] → 84.98% (+1.09%) [Q2]
3% less capital invested
Capital invested by funds: $42.4B [Q1] → $41B (-$1.34B) [Q2]
29% less funds holding in top 10
Funds holding in top 10: 24 [Q1] → 17 (-7) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Citigroup
Bryan Burgmeier
|
$199
|
Neutral
Maintained
|
17 Sep 2025 |
CIBC
Kevin Chiang
|
$215
|
Outperformer
Maintained
|
25 Jul 2025 |
Scotiabank
Konark Gupta
|
$208
|
Sector Perform
Maintained
|
25 Jul 2025 |
RBC Capital
Sabahat Khan
|
$219
|
Outperform
Maintained
|
25 Jul 2025 |
Raymond James
Patrick Tyler Brown
|
$211
|
Strong Buy
Maintained
|
22 Jul 2025 |
Oppenheimer
Noah Kaye
|
$218
|
Outperform
Maintained
|
9 Jul 2025 |
Financial journalist opinion