Insider Selling: Waste Connections (TSE:WCN) Insider Sells C$517,580.00 in Stock

Waste Connections, Inc. (TSE:WCN) insider James Little sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of C$258.79, for a total transaction of C$517,580.00. Following the completion of the transaction, the insider directly owned 32,395 shares in the company, valued at approximately C$8,383,502.05. This represents a 5.81% decrease in their ownership of the stock.

Waste Connections Stock Performance

Shares of Waste Connections stock opened at C$268.10 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.74 and a debt-to-equity ratio of 123.96. The company has a market cap of C$67.09 billion, a PE ratio of 60.11, a price-to-earnings-growth ratio of 2.22 and a beta of 0.53. The company has a 50 day moving average of C$233.17 and a 200-day moving average of C$228.13. Waste Connections, Inc. has a 1-year low of C$203.46 and a 1-year high of C$273.33.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.3850 per share. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.6%. Waste Connections’s payout ratio is 31.39%.

Analyst Ratings Changes

Separately, UBS Group raised Waste Connections from a “hold” rating to a “buy” rating and set a C$200.00 price objective on the stock in a research note on Friday, September 18th. Five equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, Waste Connections has an average rating of “Strong Buy” and an average price target of C$200.00.

About Waste Connections

Waste Connections ( wasteconnections.com ) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S.