SCHEDULE: Vanguard Boosts Stake in Waste Connections

The Vanguard Group reports a 12.28% beneficial ownership in Waste Connections Inc., holding over 31.5 million shares.

Summary

• The Vanguard Group, an investment adviser, has filed an Amendment No. 10 to Schedule 13G, disclosing its beneficial ownership in Waste Connections Inc.
• As of September 30, 2025, The Vanguard Group beneficially owns 31,584,815 shares of Waste Connections Inc. Common Stock.
• This represents 12.28% of the class of securities.
• The Vanguard Group holds sole voting power over 0 shares and shared voting power over 3,501,113 shares.
• It holds sole dispositive power over 27,676,137 shares and shared dispositive power over 3,908,678 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: The filing indicates a significant, passive institutional investment by The Vanguard Group in Waste Connections Inc., suggesting confidence in the company's long-term prospects.

Positives

• The significant and passive stake by a major institutional investor like The Vanguard Group can signal long-term confidence in Waste Connections Inc.'s business model and prospects.
• A substantial institutional holding often provides a degree of stability to the company's shareholder base.

Future Outlook

This filing does not contain any forward-looking statements or guidance from Waste Connections Inc. regarding its future performance or operations.

Industry Context

This filing represents a routine disclosure of institutional ownership in the waste management sector, indicating a major asset manager's continued investment in a publicly traded company within the industry.

Stakeholder Impact

• Shareholders may view the significant, passive institutional investment by The Vanguard Group as a positive indicator of confidence in Waste Connections Inc.

Key Dates

Recommendation

The filing reports a substantial, passive ownership stake by The Vanguard Group, a major institutional investor, in Waste Connections Inc. This indicates a long-term, confident position in the company, which typically supports a 'hold' recommendation for existing investors and serves as a positive signal for potential investors. However, this filing does not contain operational or financial performance data to warrant a 'buy' or 'sell' recommendation.

Keywords

Waste Connections, Vanguard Group, Institutional Ownership, SEC Filing, Schedule 13G, Common Stock, Investment Adviser, Beneficial Ownership