5 Best Recycling Stocks To Buy Now

2. Waste Connections Inc. (NYSE:WCN)

Hedge Fund Holdings: 38

Based in The Woodlands, Texas, Waste Connections Inc. (NYSE:WCN) is an American integrated waste services company which focuses on waste collection, transfer, disposal and recycling services, primarily of solid waste. On November 27, Wells Fargo analyst John Mazzoni initiated coverage on Waste Connections Inc. (NYSE:WCN) with an Overweight rating and a $160 price target. According to Mazzoni, landfill issues in California and Texas are temporary and investors need to ignore the momentary dip in additional operating expenses in Q4 2023. Despite the landfill challenges, the company achieved robust core price growth and a sound financial result in Q3 2023. The company  posted an EPS of $1.17, beating estimates of $1.14 by $0.03. This, coupled with the low valuation on Waste Connections Inc. (NYSE:WCN) make for an excellent entry-point.