5 Best Recycling Stocks to Invest In

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

Number of Hedge Fund Holders: 31

Waste Connections, Inc. (NYSE: WCN) is a company providing waste collection, transfer, disposal, and recycling services in the US and Canada. Its segments are Southern, Western, Eastern, Canada, Central, and Corporate. The company ranks 4th on our list of the best recycling stocks to invest in.

This April, Waste Connections, Inc. (NYSE: WCN) was one of the stocks initiated with a Buy rating at Goldman Sachs in light of the firm considering the waste management sector one of the beneficiaries of environmental policy changes. Analyst Jerry Revich commented that Waste Connections, Inc. (NYSE: WCN) had a reasonable valuation. In the first quarter of 2021, Waste Connections, Inc. (NYSE: WCN) had an EPS of $0.70, beating estimates by $0.03. The company’s revenue was $1.4 billion, up 3.22% year over year and beating estimates by $17.20 million, and it has a gross profit margin of 40.12%. The stock has gained 15.61% in the past 6 months and 17.87% year to date.

As of the end of the first quarter of 2021, 31 hedge fund holders out of the 866 tracked by Insider Monkey held stakes in Waste Connections, Inc. (NYSE: WCN) worth roughly $822 million. This is compared to 35 hedge funds in the previous quarter, with a total stake value of $626 million.