Waste Connections (WCN) Rose on Investors’ Enthusiasm

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. Mid-cap stocks had a challenging first quarter; the Russell Midcap® Growth Index, which was down 7.12%, had greater difficulties than the Russell Midcap® Value Index, which was down 2.11%. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its first-quarter 2025 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted stocks such as Waste Connections, Inc. (NYSE:WCN). Waste Connections, Inc. (NYSE:WCN) offers non-hazardous waste collection, transfer, disposal, and resource recovery services. The one-month return of Waste Connections, Inc. (NYSE:WCN) was 1.45%, and its shares gained 19.09% of their value over the last 52 weeks. On April 24, 2025, Waste Connections, Inc. (NYSE:WCN) stock closed at $196.72 per share with a market capitalization of $50.831 billion.

Carillon Eagle Mid Cap Growth Fund stated the following regarding Waste Connections, Inc. (NYSE:WCN) in its Q1 2025 investor letter:

“Waste Connections, Inc. (NYSE:WCN) is a North American provider of non-hazardous waste collection, transfer and disposal services. The stock performed well in the quarter as investors gravitated toward its durable business model and defensive growth characteristics during a period of uncertainty in the economy and equity markets.”

Why Waste Connections Inc (WCN) Is Up the Most So Far in 2025

A fleet of waste management trucks driving through a city at sunrise.

Waste Connections, Inc. (NYSE:WCN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 49 hedge fund portfolios held Waste Connections, Inc. (NYSE:WCN) at the end of the fourth quarter, compared to 48 in the third quarter. In the fourth quarter of 2024, Waste Connections, Inc.’s (NYSE:WCN) revenue increased 11% year-over-year to $2.26 billion. While we acknowledge the potential of Waste Connections, Inc. (NYSE:WCN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we covered Waste Connections, Inc. (NYSE:WCN) and shared the list of best waste management stocks to invest in. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.