Waste Connections (TSE:WCN) Insider Sells C$106,980.00 in Stock

Waste Connections, Inc. (TSE:WCN) insider Robert Andres Nielsen sold 500 shares of Waste Connections stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$213.96, for a total transaction of C$106,980.00. Following the transaction, the insider directly owned 4,250 shares in the company, valued at approximately C$909,330. This trade represents a 10.53% decrease in their ownership of the stock.

Robert Andres Nielsen also recently made the following trade(s):

• On Wednesday, May 13th, Robert Andres Nielsen sold 290 shares of Waste Connections stock. The shares were sold at an average price of C$207.69, for a total transaction of C$60,230.10.
• On Tuesday, May 12th, Robert Andres Nielsen sold 337 shares of Waste Connections stock. The shares were sold at an average price of C$210.44, for a total transaction of C$70,918.28.

Waste Connections Trading Down 0.5%

Shares of WCN stock opened at C$214.67 on Friday. The stock has a market cap of C$54.54 billion, a price-to-earnings ratio of 52.36, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 117.10. Waste Connections, Inc. has a fifty-two week low of C$204.23 and a fifty-two week high of C$273.55. The firm’s 50 day moving average price is C$220.66 and its two-hundred day moving average price is C$229.97.

Waste Connections (TSE:WCN) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.71 earnings per share for the quarter. The firm had revenue of C$3.30 billion for the quarter. Waste Connections had a net margin of 10.98% and a return on equity of 12.83%. On average, analysts anticipate that Waste Connections, Inc. will post 9.9808652 EPS for the current year.

Analysts Set New Price Targets

Separately, Wolfe Research upgraded shares of Waste Connections to a “strong-buy” rating in a research note on Friday, March 13th. Nine investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

About Waste Connections

Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2020, 13% of consolidated revenue was generated from the firm’s Canadian segment.