Waste Connections Slides to 400th in Trading Volume as Institutional Investors Trim and Add Stakes Amid Strong Buy Momentum

On July 30, 2025, Waste Connections (WCN) closed down 1.38% with a trading volume of $0.31 billion, ranking 400th in market activity. Institutional investors adjusted their positions during the first quarter, with Zurcher Kantonalbank and Thornburg Investment Management each reducing holdings by 2.1% and 4.9%, respectively. Meanwhile, several other funds increased stakes, including DAVENPORT & Co LLC, which boosted its position by 37.3%, and Wealthfront Advisers LLC, which added 6.3% to its holdings. Analyst sentiment remained largely positive, with four “hold” ratings, eleven “buy” ratings, and five “strong buy” ratings, supporting a consensus price target of $215.00.

The company announced a quarterly dividend of $0.315 per share, payable on August 21, reflecting a 0.68% yield. Recent earnings results showed $1.29 per share, exceeding estimates by $0.04, alongside a 7.1% year-over-year revenue increase to $2.41 billion. Analysts from BMO Capital Markets, Citigroup, and JPMorgan Chase raised price targets, while Raymond James and RBC maintained “outperform” ratings. Institutional ownership remains strong at 86.09%, though recent trimming by key investors may signal caution ahead of broader market movements.

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