Waste Connections (TSE:WCN) Hits New 52-Week High at $234.92

Waste Connections, Inc. (TSE:WCNGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as C$234.92 and last traded at C$234.92, with a volume of 49198 shares traded. The stock had previously closed at C$231.56.

Analysts Set New Price Targets

Separately, ATB Capital raised their price objective on shares of Waste Connections from C$235.00 to C$240.00 and gave the stock a “sector perform” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Waste Connections currently has a consensus rating of “Hold” and a consensus target price of C$193.10.

View Our Latest Research Report on WCN

Waste Connections Stock Up 2.6 %

The firm has a market cap of C$61.29 billion, a price-to-earnings ratio of 56.72, a PEG ratio of 2.22 and a beta of 0.67. The business’s 50 day moving average price is C$226.82 and its 200 day moving average price is C$217.09. The company has a debt-to-equity ratio of 104.12, a quick ratio of 0.74 and a current ratio of 0.75.

Waste Connections (TSE:WCNGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported C$1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.38 by C$0.02. Waste Connections had a net margin of 9.70% and a return on equity of 10.57%. The firm had revenue of C$2.79 billion for the quarter, compared to analysts’ expectations of C$2.78 billion. On average, equities analysts forecast that Waste Connections, Inc. will post 8.888 EPS for the current year.

Waste Connections Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Wednesday, May 8th were paid a $0.385 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $1.54 dividend on an annualized basis and a yield of 0.65%. This is a boost from Waste Connections’s previous quarterly dividend of $0.38. Waste Connections’s dividend payout ratio (DPR) is currently 37.96%.

Insider Activity at Waste Connections

In related news, Senior Officer Robert Andres Nielsen sold 2,000 shares of Waste Connections stock in a transaction on Thursday, May 9th. The shares were sold at an average price of C$166.00, for a total value of C$332,000.00. In other Waste Connections news, Director Michael W. Harlan sold 1,500 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$167.59, for a total value of C$251,387.85. Also, Senior Officer Robert Andres Nielsen sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of C$166.00, for a total value of C$332,000.00. In the last quarter, insiders have sold 4,500 shares of company stock valued at $752,388. 0.22% of the stock is owned by company insiders.

Waste Connections Company Profile

(Get Free Report)

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.

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