Cidel Asset Management Inc. Boosts Holdings in Waste Connections, Inc. $WCN

Cidel Asset Management Inc. lifted its position in Waste Connections, Inc. (NYSE:WCN) by 19.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 163,675 shares of the business services provider’s stock after buying an additional 26,684 shares during the period. Waste Connections comprises 1.7% of Cidel Asset Management Inc.’s portfolio, making the stock its 19th largest holding. Cidel Asset Management Inc. owned about 0.06% of Waste Connections worth $28,780,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Asset Dedication LLC bought a new position in shares of Waste Connections during the 2nd quarter valued at $28,000. Greykasell Wealth Strategies Inc. lifted its holdings in Waste Connections by 555.2% in the third quarter. Greykasell Wealth Strategies Inc. now owns 190 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 161 shares during the period. AlphaCore Capital LLC purchased a new position in Waste Connections in the second quarter worth about $39,000. Caldwell Trust Co purchased a new position in Waste Connections in the second quarter worth about $49,000. Finally, TD Private Client Wealth LLC grew its stake in shares of Waste Connections by 479.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 336 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 278 shares during the period. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WCN shares. Deutsche Bank Aktiengesellschaft set a $212.00 price target on shares of Waste Connections in a research note on Friday. The Goldman Sachs Group initiated coverage on Waste Connections in a report on Monday, November 24th. They set a “buy” rating and a $202.00 price target for the company. Scotiabank set a $197.00 price target on Waste Connections and gave the stock a “sector outperform” rating in a research report on Friday. UBS Group set a $205.00 price objective on Waste Connections in a research report on Monday, January 5th. Finally, BNP Paribas Exane assumed coverage on Waste Connections in a research note on Tuesday, January 6th. They set an “outperform” rating for the company. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $204.20.

Trending Headlines about Waste Connections

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

• Positive Sentiment: Company raised FY‑2026 revenue guidance to roughly $9.9B–$9.95B and cited AI-driven efficiency plus acquisition synergies as drivers of margin improvement — a key fundamental reason investors are bullish on forward growth and margins. Waste Connections targets $9.9B–$9.95B 2026 revenue as AI and acquisition gains bolster margin outlook
• Positive Sentiment: Q4 EPS beat estimates ($1.29 vs $1.28) and EPS rose year‑over‑year; management highlighted margin expansion and efficiency initiatives on the earnings call — supports the stock’s upward move. Waste Connections Posts Strong Q4 Results, Raises 2026 Outlook
• Positive Sentiment: Board declared a quarterly cash dividend of $0.35 (ex‑dividend Feb 25), which supports income investors and adds to shareholder return credibility.
• Neutral Sentiment: Revenue was effectively in line/slightly below consensus ($2.35B reported vs. $2.37B expected) — mixed top‑line print offsets the small EPS beat and tempers the bullish case. Waste Connections (WCN) Q4 Earnings and Revenues Beat Estimates
• Neutral Sentiment: Analyses and deep dives highlight margin expansion and operational efficiency initiatives; useful context for modeling but largely qualitative until converted into sustained margin outperformance. WCN Q4 Deep Dive: Margin Expansion and Efficiency Initiatives Amid Market Pressures
• Neutral Sentiment: Valuation write‑ups are revisiting WCN after recent share‑price weakness — watch valuation multiples and how analysts adjust long‑term EPS assumptions. A Look At Waste Connections (WCN) Valuation After Recent Share Price Weakness
• Negative Sentiment: TD Cowen trimmed its price target from $210 to $200 (but kept a Buy rating) — a downward revision that signals some analyst caution on near‑term upside/valuation even as the team remains constructive. Benzinga

Waste Connections Trading Up 1.8%

Shares of WCN stock opened at $160.41 on Friday. The company has a market cap of $41.01 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 2.92 and a beta of 0.62. Waste Connections, Inc. has a 1 year low of $155.65 and a 1 year high of $201.66. The stock’s 50 day simple moving average is $170.75 and its two-hundred day simple moving average is $174.54. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.62 and a quick ratio of 0.67.

Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, February 11th. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.01. Waste Connections had a net margin of 11.37% and a return on equity of 16.25%. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the prior year, the firm posted $1.16 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts predict that Waste Connections, Inc. will post 5.28 earnings per share for the current year.

Waste Connections Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, February 25th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.9%. Waste Connections’s dividend payout ratio (DPR) is currently 33.57%.

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.