Cwm LLC Grows Stock Holdings in Waste Connections, Inc. $WCN

Key Points

• Cwm LLC increased its stake in Waste Connections by 894% in Q4 to 17,773 shares worth about $3.12M, part of broader institutional buying that leaves institutional ownership near 86.09%.
• Waste Connections beat Q1 EPS estimates ($1.23 vs $1.19) but missed revenue ($2.33B vs ~$2.50B); management reaffirmed full‑year free cash flow guidance of $1.4–$1.45B, expects roughly $100M of M&A revenue closings, and declared a quarterly dividend of $0.35 per share.
• Analysts hold a consensus "Buy" rating with an average target of $203.24, while the stock trades around $169 with a market cap near $43.1B and a 52‑week range of $154.90–$199.78.

Cwm LLC grew its position in Waste Connections, Inc. (NYSE:WCN - Free Report) by 894.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,773 shares of the business services provider's stock after buying an additional 15,985 shares during the period. Cwm LLC's holdings in Waste Connections were worth $3,117,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. CIBC Asset Management Inc boosted its stake in Waste Connections by 55.7% in the third quarter. CIBC Asset Management Inc now owns 1,991,112 shares of the business services provider's stock valued at $350,603,000 after acquiring an additional 711,990 shares in the last quarter. Cidel Asset Management Inc. increased its position in shares of Waste Connections by 19.5% during the third quarter. Cidel Asset Management Inc. now owns 163,675 shares of the business services provider's stock worth $28,780,000 after purchasing an additional 26,684 shares in the last quarter. Procyon Advisors LLC purchased a new stake in shares of Waste Connections during the 4th quarter valued at $1,908,000. Fisher Funds Management LTD lifted its holdings in shares of Waste Connections by 51.2% during the 3rd quarter. Fisher Funds Management LTD now owns 88,336 shares of the business services provider's stock valued at $15,529,000 after purchasing an additional 29,925 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Waste Connections by 770.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 57,519 shares of the business services provider's stock worth $10,112,000 after purchasing an additional 50,911 shares in the last quarter. Institutional investors own 86.09% of the company's stock.

Waste Connections Trading Up 8.0%

Shares of NYSE:WCN opened at $169.02 on Friday. Waste Connections, Inc. has a 52-week low of $154.90 and a 52-week high of $199.78. The stock has a market cap of $43.14 billion, a price-to-earnings ratio of 41.22, a PEG ratio of 2.77 and a beta of 0.61. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.07. The business has a 50-day moving average price of $164.04 and a 200-day moving average price of $168.89.

Waste Connections (NYSE:WCN - Get Free Report) last released its earnings results on Wednesday, April 22nd. The business services provider reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.04. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.50 billion. Waste Connections had a return on equity of 16.40% and a net margin of 10.97%.The company's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 earnings per share. Equities analysts predict that Waste Connections, Inc. will post 5.48 EPS for the current year.

Waste Connections Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Wednesday, May 6th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, May 6th. Waste Connections's payout ratio is presently 33.57%.

Waste Connections News Summary

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

• Positive Sentiment: Quarterly earnings beat consensus (EPS $1.23 vs $1.19) and adjusted EBITDA/margin came in above expectations, supporting near‑term cash generation. Waste Connections Reports First Quarter 2026 Results
• Positive Sentiment: Management reaffirmed full‑year free cash flow guidance of $1.4B–$1.45B and said it expects roughly $100M of M&A revenue closings by end of Q2/early Q3 — both points that support buyback/dividend flexibility and future growth. M&A revenue closings and FCF guidance
• Positive Sentiment: Board declared a regular quarterly cash dividend of $0.35/share (record May 6, pay May 21), which supports total return for income‑oriented holders. Dividend announcement
• Neutral Sentiment: Company highlighted pricing initiatives and AI pilots (pricing/route optimization) and special‑waste lift results that could help margins over time, but benefits are not yet fully reflected in results. Deep dive on pricing and AI
• Neutral Sentiment: The Q1 earnings call transcript provides detail on commodity impacts, organic growth and acquisition pipeline—useful for modeling but not an immediate stock catalyst. Earnings call transcript
• Negative Sentiment: Revenue missed Street expectations ($2.33B vs. ~$2.50B consensus) and reported net profit declined year‑over‑year (Q1 profit $219.3M vs $241.5M), highlighting near‑term demand/mix pressure. Profit down YoY
• Negative Sentiment: Management cited margin pressure from special‑waste mix and cost dynamics—these headwinds could cap near‑term margin expansion if they persist. Margin commentary

Wall Street Analysts Forecast Growth

WCN has been the subject of a number of research analyst reports. Scotiabank set a $197.00 price target on Waste Connections and gave the company a "sector outperform" rating in a research note on Friday, February 13th. Stifel Nicolaus set a $213.00 price target on Waste Connections and gave the stock a "buy" rating in a research note on Friday, February 13th. Sanford C. Bernstein restated an "outperform" rating and set a $205.00 price objective (up from $200.00) on shares of Waste Connections in a report on Monday, January 5th. Oppenheimer reaffirmed an "outperform" rating and issued a $205.00 price objective (down from $206.00) on shares of Waste Connections in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $210.00 target price (down from $219.00) on shares of Waste Connections in a research note on Tuesday, February 17th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $203.24.

About Waste Connections

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.

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