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

Jennison Associates LLC trimmed its holdings in shares of Waste Connections, Inc. (NYSE:WCN) by 23.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,134 shares of the business services provider’s stock after selling 3,162 shares during the quarter. Jennison Associates LLC’s holdings in Waste Connections were worth $1,646,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of WCN. Integrated Wealth Concepts LLC acquired a new stake in Waste Connections during the 1st quarter valued at approximately $577,000. Invesco Ltd. raised its position in shares of Waste Connections by 12.8% in the 2nd quarter. Invesco Ltd. now owns 219,290 shares of the business services provider’s stock valued at $40,946,000 after purchasing an additional 24,948 shares in the last quarter. First Trust Advisors LP raised its position in shares of Waste Connections by 2.9% in the 2nd quarter. First Trust Advisors LP now owns 24,463 shares of the business services provider’s stock valued at $4,572,000 after purchasing an additional 688 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Waste Connections during the 2nd quarter valued at approximately $2,714,000. Finally, State Street Corp boosted its stake in shares of Waste Connections by 1.0% during the 2nd quarter. State Street Corp now owns 1,808,631 shares of the business services provider’s stock valued at $337,708,000 after buying an additional 17,197 shares during the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays set a $180.00 price target on shares of Waste Connections and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Citigroup increased their price objective on shares of Waste Connections from $180.00 to $182.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. decreased their price objective on shares of Waste Connections from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Weiss Ratings lowered shares of Waste Connections from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $211.00 target price on shares of Waste Connections in a research 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 company. Based on data from MarketBeat.com, Waste Connections presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.00.

Insider Transactions at Waste Connections

In other Waste Connections news, VP James Little sold 2,605 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $163.98, for a total transaction of $427,167.90. Following the completion of the sale, the vice president owned 34,395 shares in the company, valued at $5,640,092.10. The trade was a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Eric Hansen sold 6,000 shares of the business’s stock in a transaction 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 sale, the senior vice president owned 13,350 shares of the company’s stock, valued at approximately $2,200,347. The trade was a 31.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,605 shares of company stock valued at $2,822,923 over the last quarter. Insiders own 0.27% of the company’s stock.

Key Headlines Impacting Waste Connections

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

Waste Connections Price Performance

Shares of WCN opened at $167.91 on Thursday. The firm has a market cap of $42.37 billion, a price-to-earnings ratio of 40.95, a PEG ratio of 2.95 and a beta of 0.49. The stock has a 50 day moving average of $160.84 and a 200-day moving average 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 52 week low of $146.89 and a 52 week high of $191.91.

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

Waste Connections Company 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.