Here are the Reasons for the Outperformance of Waste Connections (WCN) in Q3

·2 min read

Conestoga Capital Advisors, an asset management company, released its “Conestoga Mid Cap Growth Fund” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the Mid Cap composite returned -4.84% net of fees compared to a -0.65% return for the Russell Mid Cap Growth Index. Negative stock selection and allocation effects led to the fund’s underperformance in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Conestoga Capital Advisors highlighted stocks like Waste Connections, Inc. (NYSE:WCN). Headquartered in Woodbridge, Canada, Waste Connections, Inc. (NYSE:WCN) provides non-hazardous waste management services. On December 16, 2022, Waste Connections, Inc. (NYSE:WCN) stock closed at $134.50 per share. One-month return of Waste Connections, Inc. (NYSE:WCN) was -4.35%, and its shares gained 4.67% of their value over the last 52 weeks. Waste Connections, Inc. (NYSE:WCN) has a market capitalization of $34.594 billion.

Conestoga Capital Advisors made the following comment about Waste Connections, Inc. (NYSE:WCN) in its Q3 2022 investor letter:

"Waste Connections, Inc. (NYSE:WCN): WCN is a leading waste management service company that provides collection, recycling, transfer and disposal services in North America. This top ten holding performed well during the quarter given the consistency of its business model with stable volumes, strong pricing power and healthy margins."

Adam Gregor/

Waste Connections, Inc. (NYSE:WCN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held Waste Connections, Inc. (NYSE:WCN) at the end of the third quarter, which was 34 in the previous quarter.

We discussed Waste Connections, Inc. (NYSE:WCN) in another article and shared Carillon Tower Advisers' views on the company. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.


Suggested Articles:

Disclosure: None. This article is originally published at Insider Monkey.