Waste Connections (WCN)
Collects and processes non-hazardous waste through locally managed North American networks.
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Provides waste collection, transfer, landfill disposal, recycling, oilfield-waste services, and intermodal transport across the United States and Canada. Locally managed operations pair route density with owned disposal infrastructure, while acquisitions extend the network.
Collects non-hazardous waste from residential, commercial, municipal, industrial, and construction customers, then moves it through transfer stations and owned or operated landfills. Recycling and renewable-fuel recovery complement the core collection and disposal network.
Runs six geographic operating segments across the United States and Canada, with additional oilfield-waste treatment and Pacific Northwest intermodal transport. Local managers make many operating decisions close to customers within company-wide safety and financial controls.
Builds route density and disposal capacity through repeated acquisitions. Operations depend on municipal franchises, permits, landfill capacity, environmental compliance, labor availability, and successful integration of acquired assets.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | UBS | Upgrade | Target: $176 | Target: $200 |
| Aug 4, 2026 | UBS | Reiterate | Rating: —Target: $205 | Target: $176 |
| Jul 28, 2026 | Barclays | Reiterate | Rating: —Target: $180 | Target: $187 |
| Jul 24, 2026 | CIBC | Reiterate | Rating: —Target: $208 | Target: $199 |
| Apr 28, 2026 | Barclays | Reiterate | Rating: —Target: $176 | Target: $180 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $98.2M · Total debt $9.61B · Total assets $21.40B · Shareholders' equity $7.92B
- Revenue
- $2.56B
- Operating income
- $437.6M
- Net income
- $296.4M
HistoryDividendAnnual yield
| Institutions | 86.15% | 217.15M shares | |
|---|---|---|---|
| 865 holders · as of Jun 30, 2026 | |||
| Insiders | 0.28% | 702.1K shares | |
| 24 holders · as of Aug 21, 2026 | |||
| Other | 13.57% | 34.20M shares | |
| remainder | |||
252.05M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Vanguard Capital Management LLCInstitution | 6.27% | 15.80M | as of Jun 30, 2026 |
Royal Bank of CanadaInstitution | 5.23% | 13.19M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.46% | 11.23M | as of Jun 30, 2026 |
Bank of Montreal /Can/Institution | 3.44% | 8.67M | as of Jun 30, 2026 |
1832 Asset Management L.P.Institution | 2.96% | 7.46M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Iii Robert Nielsen | officer: SR VP Operations | −700 | $170.00 |
| Aug 18, 2026 | Philip Rivard | officer: SR VP Business Development | −2,500 | $166.57 |
| Aug 13, 2026 | Susan Netherton | officer: SR VP People, Training & Dev | −1,750 | $166.00 |
| Jul 29, 2026 | Iii Robert Nielsen | officer: SR VP Operations | −300 | $173.10 |
| Jul 28, 2026 | Robert Michael Cloninger | officer: SR VP, Deputy General Counsel | −2,811 | $171.02 |
- WM
Broad North American rival across integrated solid waste services
- Republic Services
National rival in collection, disposal, recycling, and industrial waste
- GFL
Cross-border rival in solid waste hauling and infrastructure
- Clean Harbors
Specialized rival in industrial and oilfield waste services
- Casella Waste Systems
Regional rival in eastern U.S. collection and disposal markets
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Waste Connections | $155.81 | +0.17% | $39.21B | 37.7 | 26.6 | 4.0 | +3.8% |
| WM | $207.51 | +0.23% | $82.76B | 29.3 | 24.3 | 3.2 | +4.0% |
| Republic Services | $214.59 | +0.31% | $65.82B | 30.3 | 28.2 | 3.9 | +4.6% |
| GFL | $42.43 | −0.78% | $14.93B | — | 66.0 | 3.0 | +11.5% |
| Clean Harbors | $313.62 | +0.70% | $16.44B | 37.8 | 31.3 | 2.6 | +12.0% |
| Casella Waste Systems | $87.12 | +0.08% | $5.45B | 934.0 | 66.2 | 2.8 | +16.9% |
| Median | 34.0 | 31.3 | 3.0 | +11.5% |