Waste Connections, Inc. $WCN Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its stake in shares of Waste Connections, Inc. (NYSE:WCN) by 23.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,134 shares of the business services provider’s stock after selling 3,162 shares during the period. Jennison Associates LLC’s holdings in Waste Connections were worth $1,646,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. City Holding Co. acquired a new stake in shares of Waste Connections during the 4th quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new position in Waste Connections in the third quarter valued at $26,000. Whipplewood Advisors LLC boosted its holdings in Waste Connections by 1,166.7% in the first quarter. Whipplewood Advisors LLC now owns 190 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 175 shares during the last quarter. Transamerica Financial Advisors LLC boosted its holdings in Waste Connections by 346.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 174 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 135 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Waste Connections during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 86.09% of the company’s stock.

More Waste Connections News

Here are the key news stories impacting Waste Connections this week:

• Positive Sentiment: Waste Connections beat Q2 expectations, reporting EPS of $1.50 versus the $1.35 consensus and revenue of $2.56 billion versus $2.51 billion expected, which points to steady demand and better-than-expected execution. Waste Connections Reports Second Quarter 2026 Results and Raises Full Year Outlook
• Positive Sentiment: The company raised its full-year outlook after the quarter, suggesting management sees continued momentum in revenue growth and margin expansion for the rest of 2026. Waste Connections Reports Second Quarter 2026 Results and Raises Full Year Outlook
• Positive Sentiment: The board declared a regular quarterly cash dividend of $0.35 per share, reinforcing the company’s shareholder-return profile and financial stability. Waste Connections Announces Regular Quarterly Cash Dividend
• Positive Sentiment: Q2 revenue grew 6.4% year over year and cash from operations rose 14.9%, both signs of healthy underlying business performance. Waste Connections (WCN) Releases Q2 2026 Earnings: Revenue Up 6.4%, EPS Grows 4.5%
• Neutral Sentiment: Some individual earnings coverage also highlighted margin expansion and an upgraded outlook, but the stock’s longer-term reaction may depend on whether investors focus more on guidance strength than on mixed profit-line details. Waste Connections tops Q2 estimates, raises outlook as margins expand

Analyst Upgrades and Downgrades

WCN has been the subject of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $218.00 price target (up from $210.00) on shares of Waste Connections in a research note on Friday, April 24th. Barclays set a $180.00 target price on Waste Connections and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. BMO Capital Markets reissued an “outperform” rating and set a $208.00 target price (up from $206.00) on shares of Waste Connections in a research report on Friday, April 24th. Citigroup raised their price target on shares of Waste Connections from $180.00 to $182.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $211.00 price target on shares of Waste Connections in a report on Thursday, April 23rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $202.00.

Insider Activity

In other Waste Connections news, COO Jason Craft sold 1,500 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $156.59, for a total value of $234,885.00. Following the completion of the sale, the chief operating officer owned 32,861 shares of the company’s stock, valued at $5,145,703.99. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Eric Hansen sold 6,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $164.82, for a total transaction of $988,920.00. Following the completion of the sale, the senior vice president directly owned 13,350 shares of the company’s stock, valued at $2,200,347. This trade represents a 31.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,605 shares of company stock worth $2,822,923 in the last ninety days. 0.27% of the stock is currently owned by company insiders.

Waste Connections Stock Down 0.3%

Shares of NYSE WCN opened at $167.91 on Thursday. The stock has a fifty day moving average price of $160.84 and a 200 day moving average price of $163.28. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.13. Waste Connections, Inc. has a 12-month low of $146.89 and a 12-month high of $191.91. The company has a market cap of $42.37 billion, a P/E ratio of 40.95, a P/E/G ratio of 2.95 and a beta of 0.49.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.15. Waste Connections had a return on equity of 16.49% and a net margin of 10.97%.The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Research analysts anticipate that Waste Connections, Inc. will post 5.49 EPS for the current fiscal year.

Waste Connections Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.