WCN TOR Week ended 31 Jul 2026

Weekly Investor Report

Waste Connections, Inc. · Industrials · Waste Management

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Latest close 234.8 CAD
-1.9% latest week
Weekly setup

Mixed setup

The weekly trend is active. Price is 4.1% above the Trend Line and sits at 53.7% of its 52-week range. The latest completed week returned -1.9%, after a -2.1% four-week move. The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is expensive relative to peers. The latest news-sentiment score is 53/100.

Setup score 52 out of 100
Latest Close 234.8 CAD 31 Jul 2026
1W Return -1.9% latest completed week
4W Return -2.1% short-term follow-through
12W Return 13.0% quarterly tape
Trend Breadth 1.9% 1 of 52 weeks active
Volume Ratio 1.8x vs 13-week average
What is working
  • The trend backdrop is active with a 1-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Price is above Fair Value, showing premium demand versus the model.
  • Activity pressure is positive on the latest completed week.
What could go wrong
  • Activity pressure is weak, so confirmation is not yet broad enough.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through -1.9% Latest completed week; four-week move -2.1%. Indicator stack 5/88 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. Next-Week Expectancy Positive 55.61% Historical one-week expectancy contributes to the evidence score when direction is confirmed. News sentiment 53/100 48 relevant articles in the latest sentiment read.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is active. Price is 4.1% above the Trend Line and sits at 53.7% of its 52-week range. The latest completed week returned -1.9%, after a -2.1% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 1.8x the 13-week average. Participation is unusually strong and confirms that the move is attracting attention.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul 31 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.2712-week average 0.10

12-week confirmation

Trend active1/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure5/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership0/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.27Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers

No recent accumulation markers. No reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is -2.1% over four weeks, 13.0% over 12 weeks, and -8.1% over one year. The current trend has remained active for 1 consecutive weeks.

Performance by holding period

1W-1.9%
4W-2.1%
12W13.0%
26W3.5%
52W-8.1%
Active trend streak1 weeks
Active weeks in one year1
Trend breadth1.9%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure1.31Latest activity-pressure read.
Pressure change183.4%Four-week change in activity pressure.
Leadership-8.36Latest relative-leadership reading.
RS change5.6%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is expensive relative to peers.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 31 Mar 2026 Field coverage 88% Model confidence 88%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength10/100Blend of value, momentum, and quality. Underlying universe rank 91; rank 1 is best.
Value4/100Relative valuation strength. Underlying universe rank 97; rank 1 is best.
Quality78/100Profitability and accounting quality. Underlying universe rank 23; rank 1 is best.
Momentum15/100Medium-term price momentum. Underlying universe rank 86; rank 1 is best.
Growth38/100Revenue and earnings growth. Underlying universe rank 63; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Value-quality framework22/100Value and quality alignment from the Sharemaestro SVQF framework.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
56.9x
Price divided by trailing earnings.
Price / sales
6.2x
Market value relative to trailing revenue.
EV / EBITDA
23.2x
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
1.7%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
42.5%
Gross profit retained from each unit of revenue.
Operating margin
19.5%
Operating profit retained from revenue.
Free-cash-flow margin
11.9%
Free cash flow generated from revenue.
Return on invested capital
8.2%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
-
Latest one-year revenue growth.
EPS growth
-
Latest one-year earnings-per-share growth.
Free-cash-flow growth
-
Latest one-year free-cash-flow growth.
Piotroski F-score
6/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
0.8%
Cash dividends relative to market value.
Buyback yield
1.9%
Net share repurchases relative to market value.
Shareholder yield
2.6%
Dividend yield plus net buyback yield.
Net debt / EBITDA
3.2x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Insider activity-

No recent insider transactions are stored for this company.

News sentiment53/100

Weighted news tone is neutral across 48 relevant articles.

12 positive · 32 neutral · 4 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings-No event is currently stored.
Options expected move-Nearest-chain priced movement where available.
52-week drawdown-10.1%Distance below the 52-week high.
13-week volatility3.7%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher11 of 2615 weeks finished lower.
Best week+9.6%Week of 26 Jun.
Worst week-5.5%Week of 13 Feb.
Latest week-1.9%Week of 31 Jul.

Shape of recent returns

Strong gains4
Modest gains7
Flat weeks0
Modest losses12
Sharp losses3
Recent vol3.7%13-week weekly-return volatility.
Base vol2.9%52-week weekly-return volatility.
Up/down split23/29Count of positive and negative weeks in the 52-week window.
Average skew2.4% / -2.1%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape48/100

Trend, activity pressure, participation, and risk combine to a 48/100 tape read.

 Indicator analysis24/100

Latest 12-week confirmation: trend 1/12, activity pressure 5/12, relative leadership 0/12.

Activity pressure 0.27; No reversal markers Next-Week ExpectancyPositive 55.61%

Next-week expectancy is positive with a 55.61% historical one-week setup read.

Adds short-term historical context without overriding trend, activity, or relative leadership. Factors26/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 18 SVQF22/100

Value and quality alignment from the Sharemaestro SVQF framework.

Composite rank 232.5 of 298 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Sentiment53/100

Weighted news tone is neutral across 48 relevant articles.

Waste Connections (WCN) Insider Sells 300 Shares; Stock Modestly Undervalued, Gurus Mixed Insiders50/100

No recent insider transaction evidence is stored.

 Earnings50/100

No stored earnings event is currently attached to this ticker.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
31 Jul 2026234.8 CAD-1.9%225.7 CAD232.1 CAD1.31-8.362.6MOn
24 Jul 2026239.4 CAD-0.7%225.8 CAD231.8 CAD1.34-7.662.0MOff
17 Jul 2026241.0 CAD-0.5%225.9 CAD231.5 CAD1.28-7.361.6MOff
10 Jul 2026242.2 CAD1.0%225.9 CAD231.1 CAD0.94-7.532.2MOff
3 Jul 2026239.8 CAD0.9%225.7 CAD230.7 CAD0.46-8.861.4MOff
26 Jun 2026237.8 CAD9.6%225.6 CAD230.4 CAD-0.11-9.45793.8KOff
19 Jun 2026217.0 CAD-0.6%226.0 CAD230.0 CAD-0.65-17.89882.5KOff
12 Jun 2026218.3 CAD0.9%226.9 CAD229.7 CAD-0.77-18.02197.1KOff
5 Jun 2026216.4 CAD5.2%227.5 CAD229.5 CAD-0.69-18.22428.3KOff
29 May 2026205.7 CAD-4.3%228.0 CAD229.2 CAD-0.61-23.711.5MOff
22 May 2026215.1 CAD-0.1%229.0 CAD229.1 CAD-0.38-20.401.2MOff
15 May 2026215.4 CAD3.6%230.0 CAD228.9 CAD-0.07-19.612.3MOff
8 May 2026207.8 CAD-4.9%230.8 CAD228.7 CAD-0.19-23.721.8MOff
1 May 2026218.5 CAD-3.5%231.9 CAD228.6 CAD-0.08-20.211.6MOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.