5 Best Waste Management Stocks to Buy Now

1. Waste Connections, Inc. (NYSE:WCN)

Number of Hedge Fund Holders: 41

Waste Connections, Inc. (NYSE:WCN) engages in managing non-hazardous waste, providing services for its collection, transfer, responsible disposal, and resource recovery in the United States and Canada. The company also operates transfer stations, where waste is received, compacted, and loaded for transportation to landfills or treatment facilities. Waste Connections, Inc. (NYSE:WCN) is one of the best waste management stocks to buy. On October 25, Waste Connections, Inc. (NYSE:WCN) reported a Q3 non-GAAP EPS of $1.17 and a revenue of $2.07 billion, outperforming Wall Street estimates by $0.04 and $10 million, respectively.

On October 26, Waste Connections, Inc. (NYSE:WCN) declared a C$0.285 per share quarterly dividend, an increase of 11.8% from the previous dividend of C$0.255. The dividend is to be paid on November 28 to shareholders of record as of November 8.

According to Insider Monkey’s second quarter database, 41 hedge funds were bullish on Waste Connections, Inc. (NYSE:WCN), up from 35 in the preceding quarter. Henry Ellenbogen’s Durable Capital Partners is the top shareholder of the company, with 2.2 million shares worth $315.22 million.

TimesSquare Capital made the following comment about Waste Connections, Inc. (NYSE:WCN)  in its Q3 2022 investor letter:

“Waste Connections, Inc. (NYSE:WCN) provides non-hazardous waste collection, transfer, and resource recovery services in the U.S. and Canada. Their shares rose 9% after topping second quarter estimates and raising forward guidance. This was driven by better-than-expected solid waste pricing and robust growth in the E&P waste business for oil exploration companies.”

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