Key Points
- Insider sale: Waste Connections insider Robert Andres Nielsen sold 337 shares on May 12 at C$210.44 each, totaling about C$70,918. After the sale, he still held 5,040 shares, and the trade reduced his stake by 6.27%.
- Stock and valuation snapshot: The shares opened at C$215.36 and have traded between C$204.23 and C$273.56 over the past year. The company’s market cap is C$54.72 billion, with a P/E ratio of 52.53 and a debt-to-equity ratio of 117.10.
- Analyst and earnings outlook: Waste Connections reported C$1.71 EPS on revenue of C$3.30 billion in its latest quarter. Wall Street remains bullish, with a consensus rating of Strong Buy and Wolfe Research recently upgrading the stock to strong-buy.
Waste Connections, Inc. (TSE:WCN - Get Free Report) insider Robert Andres Nielsen sold 337 shares of the business's stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$210.44, for a total value of C$70,918.28. Following the completion of the transaction, the insider owned 5,040 shares in the company, valued at C$1,060,617.60. The trade was a 6.27% decrease in their position.
Waste Connections Price Performance
Shares of TSE WCN opened at C$215.36 on Friday. Waste Connections, Inc. has a twelve month low of C$204.23 and a twelve month high of C$273.56. The stock's 50 day moving average price is C$221.86 and its 200-day moving average price is C$230.70. The company has a market capitalization of C$54.72 billion, a PE ratio of 52.53, a PEG ratio of 2.22 and a beta of 0.50. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 117.10.
Waste Connections (TSE:WCN - Get Free Report) last announced 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. On average, equities analysts anticipate that Waste Connections, Inc. will post 9.9808652 EPS for the current year.
Wall Street Analyst Weigh In
Separately, Wolfe Research upgraded Waste Connections to a "strong-buy" rating in a research note on Friday, March 13th. Nine analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Strong Buy".
View Our Latest Stock Analysis on WCN
Waste Connections Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
