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What this page is: Delvantic's full research page for Waste Connections, Inc. (WCN) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.

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  • extended-analysisthe core: three AI lens reads with findings, scores, and the analyst memo
  • future-predictions — our forward price-band predictions
  • market-narrative / ai-findings / gpt-critique — narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)
  • Members-only sections (render as login gates for anonymous readers): price-history, income-trend, key-metrics, financials (statement tables), insider-trading. The analysis above is public; the raw data tables require a free account.

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Waste Connections, Inc.

WCN NYSE Categories PDF
Industrials · Waste Management
Woodbridge, ON L4H 4G3, Canada IPO 1998 wasteconnections.com Updated Jul 17, 3:08am
Price
$174.33
Market Cap
$44.3B
Employees
24,214
Beta
0.48
Avg Volume
1,711,685
CEO
Ronald J. Mittelstaedt

Waste Connections, Inc. is a leading environmental services provider that delivers a full spectrum of non-hazardous waste management solutions, including collection, transfer, disposal, and resource recovery, across both the United States and Canada. The company offers essential waste collection services to a diverse customer base, spanning residential, commercial, municipal, industrial, and exploration and production (E&P) sectors. Beyond collection, their operations encompass landfill management for final waste disposition and comprehensive recycling programs for a wide array of materials, such as compostables, cardboard, mixed paper, plastic containers, glass bottles, and both ferrous and aluminum metals. Waste Connections also maintains and operates a network of transfer stations, which efficiently receive, compact, and load waste for subsequent transport—by truck, rail, or barge—to either landfills or specialized treatment facilities. In the Pacific Northwest, the company further provides intermodal services through a dedicated network, facilitating the rail movement of general cargo and solid waste containers. A specialized component of their offerings includes the treatment, recovery, and safe disposal of waste generated by oil and natural gas exploration and production activities. This includes complex materials such as drilling fluids, drill cuttings, completion fluids, flowback water, ongoing production wastes, produced water from operational wells, contaminated soils requiring remediation during site reclamation, and substances needing clean-up after spills, reserve pit operations, or pipeline ruptures. Additionally, the company provides equipment leasing options to its customers. As of December 31, 2021, Waste Connections possessed a robust infrastructure, owning 334 solid waste collection operations, 142 transfer stations, 61 municipal solid waste (MSW) landfills, 12 E&P waste landfills, 14 non-MSW landfills, 71 recycling facilities, 4 intermodal operations, 23 E&P liquid waste injection wells, and 19 E&P waste treatment and oil recovery facilities. The company also manages an additional 53 transfer stations, 10 MSW landfills, and 2 intermodal operations. Waste Connections, Inc. was established in 1997 and its corporate headquarters are situated in Woodbridge, Canada.

Runs with full report
Price Overview
Last updated: Jul 17, 2026 4:42am (just now)
Current data · timestamped when a report runs
$174.33
Change · Jul 17
+4.21 (+2.47%)
Day Range
$170.70 – $175.44
52-Week Range
$146.89 – $191.91
50-Day MA
$159.07
200-Day MA
$166.32
Volume
820,882.00
Analyst Price Targets
Low $180.00
Consensus $205.44
High $218.00
(38 analysts)
Share Structure
Outstanding 254,081,000.00
Float 253,199,251.00
Free Float 99.7%
High free float — 99.7% of shares trade freely, ~0.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History
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Revenue & Net Income Trend
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Key Metrics
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Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Financial Statements
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Insider Trading (Recent)
Type codes PPurchase SSale AAward / grant MOption exercise FIn-kind (tax) CConversion GGift DReturn to issuer
All SEC Form 4 codes
Open market
P Purchase
Open-market or private purchase of shares.
S Sale
Open-market or private sale of shares.
Compensation (Rule 16b-3)
A Award / grant
Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
D Return to issuer
Securities disposed back to the company under Rule 16b-3.
F In-kind (tax)
Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
I Discretionary
Discretionary transaction under an employee plan — Rule 16b-3(f).
M Option exercise
Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
C Conversion
Conversion of a derivative security into the underlying shares.
E Short expiration
Expiration of a short derivative position.
H Long expiration
Expiration or cancellation of a long derivative position with value received.
O OTM exercise
Exercise of an out-of-the-money derivative.
X ITM exercise
Exercise of an in-the-money or at-the-money derivative.
Other exempt
G Gift
Bona fide gift of securities.
L Small acquisition
Small acquisition under Rule 16a-6.
W Inheritance
Acquisition or disposition by will or the laws of descent.
Z Voting trust
Deposit into or withdrawal from a voting trust.
Other
J Other
Other acquisition or disposition (explained in a Form 4 footnote).
K Equity swap
Transaction in an equity swap or similar instrument.
U Tender / buyout
Disposition via tender of shares in a change-of-control transaction.

Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.

Date Insider Type Shares Price Value
2026-06-30 PIO DOMENIC J-Other 95.00 $158.36 $15,044
2026-06-05 Shea Patrick James S-Sale 7,500.00 $156.26 $1.2M
2026-06-08 Shea Patrick James G-Gift 15.00 $0.00 $0
2026-06-09 Shea Patrick James G-Gift 100.00 $0.00 $0
2026-06-05 CRAFT JASON S-Sale 1,500.00 $156.59 $234,887
2026-05-14 NIELSEN III ROBERT S-Sale 500.00 $155.56 $77,780
2026-05-12 NIELSEN III ROBERT S-Sale 337.00 $153.00 $51,561
2026-05-13 NIELSEN III ROBERT S-Sale 290.00 $151.00 $43,790
2026-05-12 MITTELSTAEDT RONALD J P-Purchase 50,000.00 $152.24 $7.6M
2026-04-30 HANSEN ERIC S-Sale 6,000.00 $164.82 $988,925
2026-04-27 LITTLE JAMES S-Sale 2,605.00 $163.98 $427,168
2026-04-01 FLORNESS DANIEL L A-Award 663.00 $0.00 $0
2026-04-01 FLORNESS DANIEL L A-Award 419.00 $0.00 $0
2026-04-01 FLORNESS DANIEL L M-Exempt 332.00 $0.00 $0
2026-04-01 FLORNESS DANIEL L M-Exempt 332.00 $0.00 $0
2026-04-01 FLORNESS DANIEL L F-InKind 178.00 $162.98 $29,010
2026-04-01 FLORNESS DANIEL L 0.00 $0.00 $0
2026-03-04 TAN DEREK S-Sale 1,173.00 $171.03 $200,618
2026-02-18 Whitney Mary Anne M-Exempt 1,436.00 $0.00 $0
2026-02-18 Whitney Mary Anne F-InKind 566.00 $162.76 $92,122
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for WCN — it's generated by the pipeline (market-narrative step).
Community AI Feedback
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.431 · 7fe26137 · 2026-07-16 18:29:33