Robert Andres Nielsen Sells 290 Shares of Waste Connections (TSE:WCN) Stock

Waste Connections, Inc. (TSE:WCN) insider Robert Andres Nielsen sold 290 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of C$207.69, for a total value of C$60,230.10. Following the transaction, the insider directly owned 4,750 shares in the company, valued at approximately C$986,527.50. The trade was a 5.75% decrease in their ownership of the stock.

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

• On Thursday, May 14th, Robert Andres Nielsen sold 500 shares of Waste Connections stock. The stock was sold at an average price of C$213.96, for a total value of C$106,980.00.
• On Tuesday, May 12th, Robert Andres Nielsen sold 337 shares of Waste Connections stock. The stock was sold at an average price of C$210.44, for a total value of C$70,918.28.

Waste Connections Stock Performance

Shares of WCN stock opened at C$215.72 on Thursday. The business’s fifty day simple moving average is C$220.86 and its 200-day simple moving average is C$230.12. The company has a market cap of C$54.81 billion, a PE ratio of 52.61, a PEG ratio of 2.22 and a beta of 0.50. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 117.10. Waste Connections, Inc. has a 12-month low of C$204.23 and a 12-month high of C$273.55.

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

Wall Street Analysts Forecast Growth

Separately, Wolfe Research raised shares of Waste Connections to a “strong-buy” rating in a report 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’s stock. According to data from MarketBeat, Waste Connections currently has an average rating of “Strong Buy”.

Waste Connections Company Profile

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.