Insider Selling: Waste Connections (TSE:WCN) Insider Sells C$70,918.28 in Stock

Waste Connections, Inc. (TSE:WCNGet Free Report) insider Robert Andres Nielsen sold 337 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$210.44, for a total value of C$70,918.28. Following the sale, the insider directly owned 5,040 shares in the company, valued at approximately C$1,060,617.60. This represents a 6.27% decrease in their ownership of the stock.

Waste Connections Price Performance

TSE:WCN opened at C$215.36 on Monday. 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’s 50-day simple moving average is C$221.86 and its two-hundred day simple moving average is C$230.60. The stock has a market cap of C$54.72 billion, a PE ratio of 52.53, a P/E/G ratio of 2.22 and a beta of 0.50. Waste Connections, Inc. has a 52 week low of C$204.23 and a 52 week high of C$273.56.

Waste Connections (TSE:WCNGet Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.71 EPS for the quarter. The business had revenue of C$3.30 billion for the quarter. Waste Connections had a return on equity of 12.83% and a net margin of 10.98%. As a group, analysts forecast that Waste Connections, Inc. will post 9.9808652 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wolfe Research raised 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 given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Strong Buy”.

View Our Latest Analysis on WCN

About Waste Connections

(Get Free Report)

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.

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