Montrusco Bolton Investments 13F: Cuts WCN Stake by $36M

Montrusco Bolton Investments has reduced its stake in Waste Connections, Inc. (NYSE:WCN) by 23.7% according to its latest filing with the SEC. The investment firm sold 230,635 shares, bringing its total holdings to 744,195 shares valued at approximately $114.6 million. This adjustment was reported for the period ending on October 13, 2026.

What Changed in Montrusco Bolton's Waste Connections Position

Montrusco Bolton trimmed its holdings in Waste Connections by 23.7%, selling 230,635 shares. The fund now holds 744,195 shares, down from 974,830 shares previously. The current value of this position is about $114.6 million.

Waste Connections, Inc. Stock Up 7.3%

Shares of Waste Connections, Inc. traded near $155.33 on Friday. The company has a market capitalization of $39.1 billion and a P/E ratio of 37.48. Waste Connections exhibits a forward P/E of 25.06 and a beta of 0.474, indicating lower volatility compared to the market. The stock's 52-week range is between $146.89 and $179.74, with a 50-day moving average of $165.83 and a 200-day moving average of $164.77.

Recent Earnings

Waste Connections reported revenue of approximately $9.76 billion, reflecting a growth rate of 6.4%. The company's earnings per share (EPS) stands at $4.15, with a net margin of 10.86% and a return on equity (ROE) of 13.03%. Waste Connections is scheduled to announce its next earnings on October 20, 2026.

Dividend

Waste Connections pays an annual dividend of $1.40 per share, yielding 0.9%. The company's dividend payout ratio is 32.97%, which indicates a conservative approach to distributing earnings back to shareholders.

About Waste Connections

Waste Connections, Inc. provides non-hazardous waste collection, transfer, and disposal services across the United States and Canada. The company caters to residential, commercial, and industrial clients, offering landfill disposal and recycling services. Headquartered in Woodbridge, Ontario, Waste Connections operates numerous transfer stations and landfill sites, contributing to the beneficial reuse of landfill gas. The company, founded in 1997, employs over 24,000 people under the leadership of CEO Ronald J. Mittelstaedt.

Bottom Line

Montrusco Bolton's recent reduction in Waste Connections holdings reflects a significant portfolio adjustment. Investors often track such moves to gauge sentiment among institutional investors. As always, it's important to remember that 13F filings are backward-looking and may not represent the investor's current position.