Robert Andres Nielsen Sells 337 Shares of Waste Connections (TSE:WCN) Stock

Waste Connections, Inc. (TSE:WCN) insider Robert Andres Nielsen sold 337 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of C$210.44, for a total value of C$70,918.28. Following the transaction, the insider directly owned 5,040 shares of the company’s stock, valued at approximately C$1,060,617.60. This represents a 6.27% decrease in their ownership of the stock.

Waste Connections Stock Up 1.2%

WCN traded up C$2.64 on Friday, reaching C$215.40. The company’s stock had a trading volume of 202,183 shares, compared to its average volume of 354,933. The stock has a 50 day moving average of C$222.18 and a two-hundred day moving average of C$230.81. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 117.10. The company has a market capitalization of C$54.73 billion, a price-to-earnings ratio of 52.54, a P/E/G ratio of 2.22 and a beta of 0.50. Waste Connections, Inc. has a fifty-two week low of C$204.23 and a fifty-two week high of C$273.56.

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

Analyst Upgrades and Downgrades

Separately, Wolfe Research raised Waste Connections to a “strong-buy” rating in a report on Friday, March 13th. Nine equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently 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.