From Yahoo Finance: 2025-05-19 09:41:00

TimesSquare Capital Management released its Q1 2025 investor letter, noting that its U.S. Focus Growth Strategy outperformed in a negative market environment, returning 2.42% (gross) and 2.20% (net) compared to the -7.12% return of the Russell Midcap Growth Index.

Highlighted in the letter was Waste Connections, Inc. (NYSE:WCN), a waste collection and disposal company whose stock gained 14.52% over the last 52 weeks. On May 16, 2025, WCN closed at $191.92 per share with a market cap of $49.591 billion.

TimesSquare Capital praised WCN for exceeding revenue expectations despite earnings falling short due to foreign exchange impacts and lower recycled cardboard prices. The company’s resilience in the current economic landscape led to a 14% increase in its stock price.

In the first quarter of 2025, Waste Connections, Inc. (NYSE:WCN) saw a 7.5% year-over-year revenue increase to $2.228 billion. While WCN shows potential as an investment, TimesSquare Capital believes AI stocks offer greater returns in a shorter timeframe, pointing to an undervalued AI stock with significant upside.

Read more: What Makes Waste Connections (WCN) a Resilient Business?