Key Points
- Director Ronald Mittelstaedt bought 50,000 Waste Connections shares on May 12 at C$209.38 each, a transaction worth about C$10.47 million. His holdings rose to 301,017 shares, increasing his position by nearly 20%.
- Waste Connections stock was modestly higher, opening at C$208.33 and trading near its 52-week low of C$204.23, well below its 52-week high of C$273.56.
- The company reported quarterly earnings of C$1.71 per share on revenue of C$3.30 billion, and analysts currently rate the stock a Strong Buy on average.
Waste Connections, Inc. (TSE:WCN - Get Free Report) Director Ronald Mittelstaedt bought 50,000 shares of Waste Connections stock in a transaction on Tuesday, May 12th. The shares were purchased at an average price of C$209.38 per share, for a total transaction of C$10,469,000.00. Following the acquisition, the director directly owned 301,017 shares in the company, valued at approximately C$63,026,939.46. This trade represents a 19.92% increase in their position.
Waste Connections Stock Up 0.4%
WCN stock opened at C$208.33 on Thursday. Waste Connections, Inc. has a fifty-two week low of C$204.23 and a fifty-two week high of C$273.56. The business's 50 day moving average price is C$222.65 and its two-hundred day moving average price is C$231.05. The company has a debt-to-equity ratio of 117.10, a quick ratio of 0.74 and a current ratio of 0.69. The company has a market capitalization of C$52.93 billion, a price-to-earnings ratio of 50.81, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50.
Waste Connections (TSE:WCN - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The company reported C$1.71 earnings per share 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 for the quarter. As a group, analysts forecast that Waste Connections, Inc. will post 9.9808652 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Wolfe Research upgraded Waste Connections to a "strong-buy" rating in a report on Friday, March 13th. Nine research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Strong Buy".
Read Our Latest Research Report 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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