SummitTX Capital L.P. Invests $2.85 Million in Waste Connections, Inc. $WCN

SummitTX Capital L.P. purchased a new stake in shares of Waste Connections, Inc. (NYSE:WCN) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,533 shares of the business services provider’s stock, valued at approximately $2,848,000.

A number of other institutional investors have also recently bought and sold shares of WCN. Capital International Investors grew its stake in Waste Connections by 28.2% during the 4th quarter. Capital International Investors now owns 6,468,259 shares of the business services provider’s stock valued at $1,134,781,000 after acquiring an additional 1,420,921 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Waste Connections by 37.1% in the 4th quarter. JPMorgan Chase & Co. now owns 4,763,742 shares of the business services provider’s stock valued at $835,370,000 after purchasing an additional 1,289,042 shares during the period. Wellington Management Group LLP lifted its position in shares of Waste Connections by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 4,675,737 shares of the business services provider’s stock worth $819,939,000 after purchasing an additional 220,575 shares in the last quarter. Norges Bank purchased a new stake in shares of Waste Connections in the fourth quarter worth approximately $697,519,000. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Waste Connections by 5.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,508,405 shares of the business services provider’s stock worth $615,278,000 after purchasing an additional 190,123 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Waste Connections Trading Down 0.1%

Shares of NYSE WCN opened at $169.12 on Wednesday. The business has a 50 day simple moving average of $161.80 and a 200 day simple moving average of $163.18. Waste Connections, Inc. has a 52 week low of $146.89 and a 52 week high of $191.91. The stock has a market cap of $42.68 billion, a price-to-earnings ratio of 40.75, a PEG ratio of 2.91 and a beta of 0.49. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.66 and a current ratio of 0.66.

Waste Connections (NYSE:WCN) last issued its quarterly earnings data on Wednesday, July 22nd. The business services provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.15. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.51 billion. Waste Connections had a net margin of 10.86% and a return on equity of 17.31%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 earnings per share. On average, research analysts predict that Waste Connections, Inc. will post 5.61 earnings per share for the current fiscal year.

Waste Connections Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, August 6th. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. Waste Connections’s dividend payout ratio is 33.73%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $208.00 price objective (up from $206.00) on shares of Waste Connections in a research report on Friday, April 24th. TD Cowen reissued a “buy” rating and set a $210.00 target price (up from $200.00) on shares of Waste Connections in a research note on Friday. 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 report on Friday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of Waste Connections from $210.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $199.00 price objective on shares of Waste Connections in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Waste Connections presently has an average rating of “Moderate Buy” and an average price target of $202.42.

Key Stories Impacting Waste Connections

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

• Positive Sentiment: Waste Connections received a favorable long-term assessment for its disciplined capital allocation, strong customer retention and focus on secondary and exclusive markets. Adjusted EBITDA margins expanded from 31.5% in 2023 to 33.0% in 2025, while free cash flow growth has outpaced revenue growth. Waste Connections: Turning Moderate Growth Into Exceptional Shareholder Returns
• Positive Sentiment: The company’s artificial-intelligence initiatives are beginning to support profitability. AI-assisted pricing is reportedly generating approximately $20 million in annualized EBITDA, with routing tools being tested to drive further efficiency and margin expansion. How Waste Connections Is Using AI to Expand Margins and Future Growth
• Neutral Sentiment: Barclays raised its price target for WCN from $180 to $187 but maintained an “equal weight” rating. The higher target indicates greater valuation support, although the rating suggests the firm sees limited near-term outperformance versus the broader market. Barclays Raises Waste Connections Price Target
• Neutral Sentiment: Waste Connections priced C$700 million of senior notes, including 4.200% notes due 2033 and additional notes due 2036. The financing provides capital for corporate purposes but increases interest obligations and leverage considerations. Waste Connections Announces Pricing of C$700 Million of Senior Notes
• Negative Sentiment: Analysts noted that WCN’s strong second-quarter earnings beat, higher 2026 revenue outlook and improved cash flow may already be reflected in its premium valuation. Debt levels and a high earnings multiple could limit additional upside, helping explain the muted reaction following the results. Is WCN Stock Worth Its Premium Valuation After Strong Q2 Results?

Insider Buying and Selling at Waste Connections

In related news, VP Patrick James Shea sold 7,500 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $156.26, for a total value of $1,171,950.00. Following the completion of the sale, the vice president directly owned 19,737 shares in the company, valued at approximately $3,084,103.62. This represents a 27.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Eric Hansen sold 6,000 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $164.82, for a total transaction of $988,920.00. Following the transaction, the senior vice president directly owned 13,350 shares in the company, valued at $2,200,347. The trade was a 31.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,000 shares of company stock worth $2,395,755 over the last quarter. Company insiders own 0.27% of the company’s stock.

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.