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 shares were sold at an average price of C$207.69, for a total value of C$60,230.10. Following the completion of the sale, the insider owned 4,750 shares of the company’s stock, valued at C$986,527.50. This trade 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 shares were 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 shares were sold at an average price of C$210.44, for a total value of C$70,918.28.

Waste Connections Stock Down 0.5%

WCN opened at C$214.67 on Friday. The company has a debt-to-equity ratio of 117.10, a current ratio of 0.69 and a quick ratio of 0.74. Waste Connections, Inc. has a 12 month low of C$204.23 and a 12 month high of C$273.55. The stock has a market capitalization of C$54.54 billion, a price-to-earnings ratio of 52.36, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50. The business has a 50-day moving average of C$220.66 and a two-hundred day moving average of C$229.97.

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

Wall Street Analysts Forecast Growth

Separately, Wolfe Research upgraded 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 issued a Hold rating to the company. According to MarketBeat.com, 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.