Waste Connections, Inc. $WCN reported second-quarter 2026 revenue of $2.6 billion, up 6.4% from a year earlier, as the waste services company continued to post steady top-line growth. Gross profit rose to $1.1 billion, also up 6.7% year over year.
Profitability was mixed. Operating profit declined 4.8% to $437.6 million, but net income attributable to common shareholders still increased 2.1% to $296.4 million. Diluted earnings per share came in at $1.17, up 4.5% from the prior year.
Cash generation remained a highlight, with cash from operating activities climbing 14.9% to $733.3 million. The company also spent $302.4 million on property, plant and equipment, while total liabilities stood at $13.5 billion and cash and cash equivalents totaled $98.2 million.
- Revenue: $2.6 billion, up 6.4%
- Gross profit: $1.1 billion, up 6.7%
- Operating profit: $437.6 million, down 4.8%
- Net income: $296.4 million, up 2.1%
- Diluted EPS: $1.17, up 4.5%
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Waste Connections, Inc. Insider Trading Activity
Waste Connections, Inc. insiders have traded $WCN stock on the open market 9 times in the past 6 months. Of those trades, 1 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $WCN stock by insiders over the last 6 months:
- RONALD J MITTELSTAEDT (President & CEO) purchased 50,000 shares for an estimated $7,611,750
- PATRICK JAMES SHEA (Exec VP, General Counsel & Sec) sold 7,500 shares for an estimated $1,171,914
- ERIC HANSEN (Senior Vice President and CIO) sold 6,000 shares for an estimated $988,924
- JAMES LITTLE (Executive VP Engineering) sold 2,605 shares for an estimated $427,167
- JASON CRAFT (Executive Vice President & COO) sold 1,500 shares for an estimated $234,887
- DEREK TAN (SR VP Chief Accounting Officer) sold 1,173 shares for an estimated $200,618
- III ROBERT NIELSEN (SR VP Operations) has made 0 purchases and 3 sales selling 1,127 shares for an estimated $173,131.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Waste Connections, Inc. Hedge Fund Activity
We have seen 325 institutional investors add shares of Waste Connections, Inc. stock to their portfolio, and 379 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WCM INVESTMENT MANAGEMENT, LLC removed 2,410,994 shares (-38.4%) from their portfolio in Q1 2026, for an estimated $391,641,865
- TWO SIGMA INVESTMENTS, LP added 2,364,917 shares (+219.1%) to their portfolio in Q1 2026, for an estimated $384,157,117
- CITADEL ADVISORS LLC added 2,079,195 shares (+200.9%) to their portfolio in Q1 2026, for an estimated $337,744,435
- GOLDMAN SACHS GROUP INC added 1,813,484 shares (+62.5%) to their portfolio in Q1 2026, for an estimated $294,582,340
- 1832 ASSET MANAGEMENT L.P. added 1,461,575 shares (+25.9%) to their portfolio in Q1 2026, for an estimated $237,418,243
- FMR LLC removed 1,299,832 shares (-12.7%) from their portfolio in Q1 2026, for an estimated $211,144,710
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 1,264,884 shares (+68409.1%) to their portfolio in Q1 2026, for an estimated $205,467,756
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Waste Connections, Inc. Price Targets
Multiple analysts have issued price targets for $WCN recently. We have seen 8 analysts offer price targets for $WCN in the last 6 months, with a median target of $209.0.
Here are some recent targets:
- William Grippin from Barclays set a target price of $247.0 on 04/28/2026
- Sabahat Khan from RBC Capital set a target price of $218.0 on 04/24/2026
- Devin Dodge from BMO Capital set a target price of $208.0 on 04/24/2026
- Tami Zakaria from JP Morgan set a target price of $210.0 on 04/24/2026
- Brad Hewitt from Wolfe Research set a target price of $199.0 on 03/13/2026
- Shlomo Rosenbaum from Stifel set a target price of $213.0 on 02/13/2026
- James Schumm from TD Cowen set a target price of $200.0 on 02/13/2026
