Waste Connections (TSE:WCN) Insider Robert Andres Nielsen Sells 500 Shares

Waste Connections, Inc. (TSE:WCN) insider Robert Andres Nielsen sold 500 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider owned 4,250 shares in the company, valued at C$909,330. The trade was 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 Stock Performance

TSE:WCN opened at C$216.63 on Wednesday. Waste Connections, Inc. has a 1 year low of C$204.23 and a 1 year high of C$273.56. The firm’s fifty day simple moving average is C$221.21 and its 200 day simple moving average is C$230.28. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 117.10. The firm has a market capitalization of C$55.04 billion, a PE ratio of 52.84, a PEG ratio of 2.22 and a beta of 0.50.

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. Waste Connections had a net margin of 10.98% and a return on equity of 12.83%. The business had revenue of C$3.30 billion for the quarter. On average, sell-side analysts anticipate that Waste Connections, Inc. will post 9.9808652 EPS for the current year.

Wall Street Analysts Forecast Growth

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 issued a Hold rating to the company. Based on data from MarketBeat.com, Waste Connections presently has a consensus 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.