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 the firm’s 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 sale, the insider owned 4,750 shares in the company, valued at C$986,527.50. The trade was 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 Price Performance

TSE WCN traded up C$3.85 during trading hours on Tuesday, reaching C$219.21. 224,380 shares of the stock traded hands, compared to its average volume of 355,981. The stock has a 50 day simple moving average of C$221.50 and a two-hundred day simple moving average of C$230.41. Waste Connections, Inc. has a 1 year low of C$204.23 and a 1 year high of C$273.56. The company has a debt-to-equity ratio of 117.10, a current ratio of 0.69 and a quick ratio of 0.74. The company has a market cap of C$55.70 billion, a price-to-earnings ratio of 53.47, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50.

Waste Connections (TSE:WCN) last released its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.71 earnings per share 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 for the quarter. On average, analysts predict that Waste Connections, Inc. will post 9.9808652 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wolfe Research upgraded Waste Connections to a “strong-buy” rating in a report on Friday, March 13th. Nine analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company 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.