Insider Selling: Waste Connections (TSE:WCN) Insider Sells 500 Shares of Stock

Waste Connections, Inc. (TSE:WCN) insider Robert Andres Nielsen sold 500 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$213.96, for a total transaction of C$106,980.00. Following the completion of the sale, the insider owned 4,250 shares in the company, valued at C$909,330. This represents a 10.53% decrease in their ownership of the stock.

Robert Andres Nielsen also recently made the following trade(s):

• On Wednesday, May 13th, Robert Andres Nielsen sold 290 shares of Waste Connections stock. The stock was sold at an average price of C$207.69, for a total transaction of C$60,230.10.
• On Tuesday, May 12th, Robert Andres Nielsen sold 337 shares of Waste Connections stock. The stock was sold at an average price of C$210.44, for a total transaction of C$70,918.28.

Waste Connections Price Performance

Shares of Waste Connections stock traded up C$3.85 on Tuesday, hitting C$219.21. The company’s stock had a trading volume of 224,380 shares, compared to its average volume of 355,981. Waste Connections, Inc. has a 52-week low of C$204.23 and a 52-week high of C$273.56. 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 firm has a fifty day moving average price of C$221.50 and a 200-day moving average price of C$230.41. The company has a market capitalization of C$55.70 billion, a P/E 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 data on Wednesday, April 22nd. The company reported C$1.71 EPS for the quarter. Waste Connections had a net margin of 10.98% and a return on equity of 12.83%. The business had revenue of C$3.30 billion for the quarter. On average, equities research analysts expect that Waste Connections, Inc. will post 9.9808652 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wolfe Research upgraded shares of Waste Connections to a “strong-buy” rating in a research 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 stock. According to MarketBeat, Waste Connections has an average rating of “Strong Buy”.

About Waste Connections

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.