James Little Sells 5,000 Shares of Waste Connections Inc (WCN) Stock
Waste Connections Inc (NYSE:WCN) insider James Little sold 5,000 shares of Waste Connections stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $70.49, for a total transaction of $352,450.00. Following the completion of the sale, the insider now directly owns 25,709 shares of the company’s stock, valued at $1,812,227.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Waste Connections Inc (WCN) traded up $0.67 on Monday, hitting $71.43. 712,041 shares of the company’s stock were exchanged, compared to its average volume of 953,759. The firm has a market cap of $18,770.00, a price-to-earnings ratio of 32.59, a PEG ratio of 2.54 and a beta of 0.19. Waste Connections Inc has a 52 week low of $56.81 and a 52 week high of $74.20. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 1.47.
Waste Connections (NYSE:WCN) last announced its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.13 billion. Waste Connections had a net margin of 12.46% and a return on equity of 9.63%. Waste Connections’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $0.46 EPS. equities research analysts anticipate that Waste Connections Inc will post 2.53 EPS for the current year.
WCN has been the subject of several recent analyst reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of Waste Connections in a research note on Tuesday, February 20th. Zacks Investment Research raised shares of Waste Connections from a “sell” rating to a “hold” rating and set a $78.00 target price for the company in a research note on Saturday, January 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 target price on shares of Waste Connections in a research note on Thursday, January 4th. Bank of America initiated coverage on shares of Waste Connections in a research note on Friday, December 22nd. They issued a “buy” rating and a $80.00 target price for the company. Finally, BMO Capital Markets initiated coverage on shares of Waste Connections in a research note on Monday, December 11th. They issued an “outperform” rating and a $79.00 target price for the company. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Waste Connections currently has an average rating of “Buy” and a consensus target price of $78.22.
Institutional investors and hedge funds have recently made changes to their positions in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Waste Connections by 55.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 188,451 shares of the business services provider’s stock valued at $13,184,000 after purchasing an additional 67,596 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Waste Connections by 1,350.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 417,171 shares of the business services provider’s stock valued at $29,186,000 after purchasing an additional 388,417 shares during the last quarter. Crestline Management LP boosted its holdings in shares of Waste Connections by 3.2% in the 3rd quarter. Crestline Management LP now owns 80,000 shares of the business services provider’s stock valued at $5,597,000 after purchasing an additional 2,500 shares during the last quarter. Guardian Capital LP boosted its holdings in shares of Waste Connections by 0.5% in the 3rd quarter. Guardian Capital LP now owns 1,988,153 shares of the business services provider’s stock valued at $138,671,000 after purchasing an additional 10,077 shares during the last quarter. Finally, State of Tennessee Treasury Department lifted its holdings in shares of Waste Connections by 238.1% during the 3rd quarter. State of Tennessee Treasury Department now owns 297,541 shares of the business services provider’s stock valued at $20,782,000 after acquiring an additional 209,541 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This story was first reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.watchlistnews.com/james-little-sells-5000-shares-of-waste-connections-inc-wcn-stock/1910112.html.
Waste Connections Company Profile
Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.
Receive News & Ratings for Waste Connections Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Connections and related companies with MarketBeat.com's FREE daily email newsletter.