waste connections, inc. is an integrated solid waste services company that provides waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets in the u.s. and canada. through its r360 environmental solutions subsidiary, the company is also a leading provider of non-hazardous oilfield waste treatment, recovery and disposal services in several of the most active natural resource producing areas in the united states, including the permian, bakken and eagle ford basins. waste connections serves more than six million residential, commercial, industrial, and exploration and production customers from a network of operations in 39 states, six provinces and the district of columbia. the company also provides intermodal services for the movement of cargo and solid waste containers in the pacific northwest. our corporate strategy targets secondary and suburban markets that have strong demographic growth trends and where competitive barriers to entry can
Company profile
Ticker
WCN, WCN-CT
Exchange
Website
CEO
Worthing Jackman
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
BFI Canada Income Fund, BFI Canada Ltd, IESI-BFC Ltd, Progressive Waste Solutions Ltd.
SEC CIK
Corporate docs
Subsidiaries
10100 HOLDINGS, LLC • 115 W MAIN HOLDINGS, LLC • 1280 N. MAIN ST., LLC • 1895548 ONTARIO LIMITED • 1922464 ALBERTA LTD. • 2201898 ALBERTA ULC • 2361975 ALBERTA LTD. • 2362047 ALBERTA ULC • 2362055 ALBERTA ULC • 19TH & LOWER BUCKEYE, LLC ...
WCN stock data
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
25 Apr 24
10-Q
2024 Q1
Quarterly report
25 Apr 24
8-K
Waste Connections Reports First Quarter 2024 Results
24 Apr 24
DEFA14A
Additional proxy soliciting materials
4 Apr 24
DEF 14A
Definitive proxy
4 Apr 24
ARS
2023 FY
Annual report to shareholders
4 Apr 24
8-K
Entry into a Material Definitive Agreement
29 Feb 24
8-K
Entry into a Material Definitive Agreement
21 Feb 24
8-K
Waste Connections Appoints Carl D. Sparks to Its Board of
20 Feb 24
424B5
Prospectus supplement for primary offering
16 Feb 24
Transcripts
WCN
Earnings call transcript
2024 Q1
25 Apr 24
WCN
Earnings call transcript
2023 Q4
14 Feb 24
WCN
Earnings call transcript
2023 Q3
26 Oct 23
WCN
Earnings call transcript
2023 Q2
3 Aug 23
WCN
Earnings call transcript
2023 Q2
3 Aug 23
WCN
Earnings call transcript
2023 Q1
27 Apr 23
WCN
Earnings call transcript
2023 Q1
27 Apr 23
WCN
Earnings call transcript
2022 Q4
16 Feb 23
WCN
Earnings call transcript
2022 Q4
16 Feb 23
WCN
Earnings call transcript
2022 Q3
3 Nov 22
Latest ownership filings
4
JAMES LITTLE
11 Mar 24
4
EDWARD E GUILLET
11 Mar 24
144
Notice of proposed sale of securities
7 Mar 24
144
Notice of proposed sale of securities
7 Mar 24
4
Carl Sparks
5 Mar 24
3
Carl Sparks
5 Mar 24
4
PHILIP RIVARD
28 Feb 24
4
Robert Michael Cloninger
27 Feb 24
144
Notice of proposed sale of securities
26 Feb 24
4
Andrea E. Bertone
26 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 199.03 mm | 199.03 mm | 199.03 mm | 199.03 mm | 199.03 mm | 199.03 mm |
Cash burn (monthly) | 1.77 mm | 9.11 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 12.49 mm | 64.36 mm | n/a | n/a | n/a | n/a |
Cash remaining | 186.54 mm | 134.67 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 105.5 | 14.8 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
84.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 583 |
Opened positions | 63 |
Closed positions | 54 |
Increased positions | 242 |
Reduced positions | 185 |
13F shares | Current |
---|---|
Total value | 29.46 tn |
Total shares | 219.04 mm |
Total puts | 21.00 k |
Total calls | 112.00 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 28.05 mm | $3.77 tn |
RY Royal Bank Of Canada | 11.29 mm | $1.52 tn |
T. Rowe Price Investment Management | 10.49 mm | $1.42 tn |
WCM Investment Management | 10.22 mm | $1.38 tn |
Capital International Investors | 9.71 mm | $1.30 tn |
BLK Blackrock | 8.60 mm | $1.15 tn |
BMO Bank of Montreal | 8.56 mm | $1.22 tn |
Pictet Asset Management Holding | 6.45 mm | $869.70 bn |
T. Rowe Price | 5.40 mm | $731.03 bn |
TD Asset Management | 5.21 mm | $701.51 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Mar 24 | James Little | Common Shares | Sell | Dispose S | No | No | 168.64 | 6,000 | 1.01 mm | 28,215 |
7 Mar 24 | Edward E Guillet | Common Shares | Sell | Dispose S | No | No | 168.7949 | 2,000 | 337.59 k | 31,600 |
1 Mar 24 | Sparks Carl | Common Shares | Payment of exercise | Dispose F | No | No | 165.4581 | 179 | 29.62 k | 155 |
1 Mar 24 | Sparks Carl | Common Shares | Option exercise | Acquire M | No | No | 0 | 334 | 0.00 | 334 |
1 Mar 24 | Sparks Carl | Restricted Share Units Common Shares | Option exercise | Dispose M | No | No | 0 | 334 | 0.00 | 334 |
1 Mar 24 | Sparks Carl | Restricted Share Units Common Shares | Grant | Acquire A | No | No | 0 | 668 | 0.00 | 668 |
1 Mar 24 | Sparks Carl | Deferred Share Units Common Shares | Grant | Acquire A | No | No | 0 | 423 | 0.00 | 423 |
26 Feb 24 | Philip Rivard | Common Shares | Sell | Dispose S | No | No | 170.2109 | 1,250 | 212.76 k | 3,526 |
News
BMO Capital Maintains Outperform on Waste Connections, Raises Price Target to $186
26 Apr 24
Waste Connections Q1 2024 Adj EPS $1.04 Beats $1.00 Estimate, Sales $2.073B Beat $2.053B Estimate
24 Apr 24
RBC Capital Assumes Waste Connections at Outperform, Raises Price Target to $196
8 Apr 24
Jefferies Maintains Buy on Waste Connections, Raises Price Target to $217
18 Mar 24
UBS Downgrades Waste Connections to Neutral, Raises Price Target to $181
29 Feb 24
Press releases
WASTE CONNECTIONS REPORTS FIRST QUARTER 2024 RESULTS
24 Apr 24
WASTE CONNECTIONS ANNOUNCES REGULAR QUARTERLY CASH DIVIDEND
24 Apr 24
Gabelli Funds to Host 10th Annual Waste & Environmental Services Symposium Thursday, April 4, 2024
1 Apr 24
WASTE CONNECTIONS ANNOUNCES DATES FOR FIRST QUARTER 2024 EARNINGS RELEASE AND UPCOMING MANAGEMENT PRESENTATIONS
27 Mar 24
WASTE CONNECTIONS ANNOUNCES PRICING OF $750 MILLION OF SENIOR NOTES
15 Feb 24