Waste Connections (TSE:WCN) Insider Robert Andres Nielsen Sells 337 Shares

Waste Connections, Inc. (TSE:WCN) insider Robert Andres Nielsen sold 337 shares of Waste Connections stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$210.44, for a total value of C$70,918.28. Following the transaction, the insider owned 5,040 shares of the company’s stock, valued at C$1,060,617.60. This trade represents a 6.27% decrease in their position.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at C$215.36 on Friday. Waste Connections, Inc. has a 52 week low of C$204.23 and a 52 week high of C$273.56. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 117.10. The business has a 50 day moving average price of C$221.86 and a 200-day moving average price of C$230.70. The company has a market cap of C$54.72 billion, a PE ratio of 52.53, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50.

Waste Connections (TSE:WCN) last announced its earnings results on Wednesday, April 22nd. The company reported C$1.71 earnings per share (EPS) for the quarter. The company 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%. Equities analysts anticipate that Waste Connections, Inc. will post 9.9808652 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wolfe Research raised Waste Connections to a “strong-buy” rating in a research report on Friday, March 13th. Nine equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Waste Connections 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.