Waste ConnectionsWCN
Market Cap: $47.1B
About: Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 103 active landfills (9 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 157 transfer stations, and 81 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 2023, 12% of consolidated revenue was generated from the firm's Canadian segment.
Employees: 22,539
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
344% more call options, than puts
Call options by funds: $87.7M | Put options by funds: $19.7M
18% more funds holding in top 10
Funds holding in top 10: 17 [Q1] → 20 (+3) [Q2]
16% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 56
14% more repeat investments, than reductions
Existing positions increased: 268 | Existing positions reduced: 235
1% more funds holding
Funds holding: 666 [Q1] → 675 (+9) [Q2]
1.05% more ownership
Funds ownership: 84.49% [Q1] → 85.54% (+1.05%) [Q2]
3% more capital invested
Capital invested by funds: $37.5B [Q1] → $38.7B (+$1.27B) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
TD Cowen James Schumm 50% 1-year accuracy 3 / 6 met price target | 10%upside $200 | Buy Maintained | 26 Jul 2024 |
BMO Capital Devin Dodge 80% 1-year accuracy 12 / 15 met price target | 8%upside $198 | Outperform Maintained | 26 Jul 2024 |
CIBC | 6%upside $193 | Outperformer Maintained | 26 Jul 2024 |
RBC Capital Sabahat Khan 100% 1-year accuracy 13 / 13 met price target | 9%upside $199 | Outperform Maintained | 26 Jul 2024 |
Oppenheimer Noah Kaye 69% 1-year accuracy 36 / 52 met price target | 5%upside $191 | Outperform Maintained | 15 Jul 2024 |