Waste Connections (TSE:WCN) Director Ronald Mittelstaedt Purchases 50,000 Shares

Waste Connections, Inc. (TSE:WCN) Director Ronald Mittelstaedt purchased 50,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of C$209.38 per share, with a total value of C$10,469,000.00. Following the purchase, the director owned 301,017 shares of the company’s stock, valued at approximately C$63,026,939.46. The trade was a 19.92% increase in their ownership of the stock.

Waste Connections Trading Up 0.4%

Shares of WCN stock opened at C$208.33 on Thursday. 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 business has a 50-day moving average price of C$222.65 and a two-hundred day moving average price of C$231.05. Waste Connections, Inc. has a 12-month low of C$204.23 and a 12-month high of C$273.56. The firm has a market cap of C$52.93 billion, a P/E ratio of 50.81, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50.

Waste Connections (TSE:WCN) last issued its quarterly 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 firm had revenue of C$3.30 billion during the quarter. Equities analysts anticipate that Waste Connections, Inc. will post 9.9808652 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wolfe Research raised Waste Connections to a “strong-buy” rating in a research note 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 stock. According to MarketBeat.com, the stock 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.