5 Stocks to Buy According to Mark McMeans’ Brasada Capital Management

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

Brasada Capital Management’s Stake Value: $16,078,000
Percentage of Brasada Capital Management’s 13F Portfolio: 3.6%
Number of Hedge Fund Holders: 34

Waste Connections, Inc. (NYSE:WCN) provides comprehensive solid waste management services. Among the hedge funds tracked by Insider Monkey, 34 funds were bullish on Waste Connections, Inc. (NYSE:WCN) at the end of June 2022, compared to 35 funds in the earlier quarter.

On August 9, Deutsche Bank analyst Kyle White maintained a ‘Buy’ rating on Waste Connections, Inc. (NYSE:WCN) and increased his price objective to $154 from $145. White believed that the company outperformed forecasts in the second quarter thanks to continued solid pricing and upped its full-year outlook as anticipated.

Durable Capital Partners, with approximately 1.93 million shares worth $239.21 million, is the largest shareholder of Waste Connections, Inc. (NYSE:WCN). Brasada Capital Management reduced its position in Waste Connections, Inc. (NYSE:WCN) by selling 3,585 shares in Q2 2022. This made its stake in Waste Connections, Inc. (NYSE:WCN) equal 129,706 shares worth $16.08 million.