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 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]
12% more capital invested
Capital invested by funds: $37.7B [Q4 2024] → $42.3B (+$4.65B) [Q1 2025]
9% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 69
8% less repeat investments, than reductions
Existing positions increased: 251 | Existing positions reduced: 274
1.92% less ownership
Funds ownership: 84.98% [Q4 2024] → 83.06% (-1.92%) [Q1 2025]
2% less funds holding
Funds holding: 724 [Q4 2024] → 710 (-14) [Q1 2025]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Seaport Global John Mazzoni | 12%upside $220 | Buy Initiated | 7 May 2025 |
Citigroup Bryan Burgmeier | 8%upside $212 | Neutral Maintained | 29 Apr 2025 |
BMO Capital Devin Dodge | 10%upside $216 | Outperform Maintained | 25 Apr 2025 |
Scotiabank Konark Gupta | 5%upside $206 | Sector Perform Maintained | 8 Apr 2025 |
Financial journalist opinion
Based on 9 articles about WCN published over the past 30 days









