TimesSquare Capital Management LLC Has $46.11 Million Position in Waste Connections, Inc. $WCN

TimesSquare Capital Management LLC lowered its position in shares of Waste Connections, Inc. (NYSE:WCN) by 14.9% in the third quarter, HoldingsChannel reports. The fund owned 262,280 shares of the business services provider’s stock after selling 45,782 shares during the period. TimesSquare Capital Management LLC’s holdings in Waste Connections were worth $46,109,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Norges Bank bought a new position in Waste Connections in the second quarter valued at approximately $755,938,000. Picton Mahoney Asset Management acquired a new position in shares of Waste Connections in the second quarter valued at $140,935,000. CIBC Asset Management Inc grew its stake in Waste Connections by 55.7% in the 3rd quarter. CIBC Asset Management Inc now owns 1,991,112 shares of the business services provider’s stock valued at $350,603,000 after buying an additional 711,990 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Waste Connections by 14.0% in the second quarter. Mackenzie Financial Corp now owns 5,217,973 shares of the business services provider’s stock valued at $975,190,000 after purchasing an additional 642,426 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Waste Connections by 2.1% during the second quarter. Vanguard Group Inc. now owns 30,867,844 shares of the business services provider’s stock worth $5,764,546,000 after purchasing an additional 620,600 shares during the period. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barclays set a $176.00 price objective on Waste Connections and gave the stock an “equal weight” rating in a research report on Friday. Stifel Nicolaus set a $213.00 target price on Waste Connections and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley set a $205.00 target price on shares of Waste Connections and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. cut their price objective on Waste Connections from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $205.00 target price (up from $200.00) on shares of Waste Connections in a research report on Monday, January 5th. Four equities research 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 stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $204.20.

Waste Connections Trading Up 1.8%

WCN opened at $160.41 on Friday. Waste Connections, Inc. has a twelve month low of $155.65 and a twelve month high of $201.66. The company has a fifty day moving average of $170.75 and a 200-day moving average of $174.54. The stock 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. The company has a quick ratio of 0.67, a current ratio of 0.62 and a debt-to-equity ratio of 1.07.

Waste Connections (NYSE:WCN) last issued its quarterly earnings results on Wednesday, February 11th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.37 billion. During the same quarter in the prior year, the firm posted $1.16 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts predict that Waste Connections, Inc. will post 5.28 EPS for the current year.

Waste Connections Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Wednesday, February 25th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, February 25th. This represents a $1.40 annualized dividend and a dividend yield of 0.9%. Waste Connections’s dividend payout ratio is presently 33.57%.

Key Stories Impacting 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

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.