Waste ConnectionsWCN
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 Q3 regulatory filings by fund managers ($100M+ AUM)
214% more call options, than puts
Call options by funds: $47M | Put options by funds: $15M
65% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 52
4% more funds holding
Funds holding: 684 [Q2] → 713 (+29) [Q3]
1% more repeat investments, than reductions
Existing positions increased: 261 | Existing positions reduced: 258
1% less capital invested
Capital invested by funds: $39.7B [Q2] → $39.3B (-$372M) [Q3]
2.41% less ownership
Funds ownership: 87.6% [Q2] → 85.19% (-2.41%) [Q3]
5% less funds holding in top 10
Funds holding in top 10: 20 [Q2] → 19 (-1) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Oppenheimer Noah Kaye 63% 1-year accuracy 36 / 57 met price target | 9%upside $195 | Outperform Maintained | 13 Dec 2024 |
Morgan Stanley Toni Kaplan 41% 1-year accuracy 9 / 22 met price target | 20%upside $214 | Overweight Maintained | 12 Dec 2024 |
Stifel Brian Butler 63% 1-year accuracy 5 / 8 met price target | 19%upside $212 | Buy Maintained | 11 Dec 2024 |
CIBC Kevin Chiang 25% 1-year accuracy 2 / 8 met price target | 21%upside $215 | Outperformer Maintained | 4 Dec 2024 |
Raymond James Patrick Tyler Brown 57% 1-year accuracy 21 / 37 met price target | 15%upside $205 | Strong Buy Maintained | 25 Oct 2024 |
Financial journalist opinion
Based on 4 articles about WCN published over the past 30 days
