Waste Connections, Inc. (TSE:WCN – Get Free Report) insider Patrick Shea sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of C$258.01, for a total transaction of C$1,290,045.00. Following the completion of the transaction, the insider owned 20,671 shares in the company, valued at C$5,333,304.04. This represents a 19.48% decrease in their ownership of the stock.
Waste Connections Price Performance
WCN opened at C$246.16 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 102.69. The business’s fifty day simple moving average is C$253.40 and its 200-day simple moving average is C$262.79. The company has a market capitalization of C$63.29 billion, a price-to-earnings ratio of 99.26, a PEG ratio of 2.22 and a beta of 0.40. Waste Connections, Inc. has a 12-month low of C$237.56 and a 12-month high of C$284.73.
Wall Street Analyst Weigh In
A number of brokerages recently commented on WCN. Atb Cap Markets raised shares of Waste Connections from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. National Bank Financial raised shares of Waste Connections to a “strong-buy” rating in a report on Monday, May 26th. Finally, Melius Research upgraded Waste Connections to a “strong-buy” rating in a research report on Monday, June 9th. Five investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Waste Connections has a consensus rating of “Buy” and a consensus price target of C$265.00.
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.
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