Waste Connections (TSE:WCN) Insider Sells C$60,230.10 in Stock

Waste Connections, Inc. (TSE:WCN) insider Robert Andres Nielsen sold 290 shares of Waste Connections stock in a transaction dated 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 completion of the transaction, the insider owned 4,750 shares in the company, valued at approximately C$986,527.50. This represents a 5.75% decrease in their position.

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 Trading Up 1.8%

Shares of TSE WCN traded up C$3.85 during trading hours on Tuesday, hitting C$219.21. The company’s stock had a trading volume of 224,380 shares, compared to its average volume of 355,981. The company has a debt-to-equity ratio of 117.10, a quick ratio of 0.74 and a current ratio of 0.69. The stock has a market cap of C$55.70 billion, a price-to-earnings ratio of 53.47, a P/E/G ratio of 2.22 and a beta of 0.50. Waste Connections, Inc. has a 12 month low of C$204.23 and a 12 month high of C$273.56. The business has a 50-day simple moving average of C$221.50 and a 200-day simple moving average of C$230.41.

Waste Connections (TSE:WCN) last posted 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%. On average, 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 analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently 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.