Key Points
- Waste Connections insider Robert Andres Nielsen sold 500 shares on May 14 at an average price of C$213.96, totaling C$106,980. After the sale, he still held 4,250 shares, reducing his ownership by 10.53%.
- This was part of a series of recent insider sales; Nielsen also sold 290 shares on May 13 and 337 shares on May 12, indicating multiple transactions over consecutive days.
- Analysts remain optimistic on the stock, with nine Strong Buy ratings and one Hold, while Wolfe Research recently upgraded Waste Connections to a Strong Buy.
Waste Connections, Inc. (TSE:WCN - Get Free Report) insider Robert Andres Nielsen sold 290 shares of the company's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of C$207.69, for a total value of C$60,230.10. Following the sale, the insider owned 4,750 shares of the company's stock, valued at C$986,527.50. This represents a 5.75% decrease in their ownership of the stock.
Robert Andres Nielsen also recently made the following trade(s):
- On Thursday, May 14th, Robert Andres Nielsen sold 500 shares of Waste Connections stock. The stock was sold at an average price of C$213.96, for a total value of C$106,980.00.
- 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 value of C$70,918.28.
Waste Connections Price Performance
Shares of TSE WCN opened at C$216.63 on Wednesday. Waste Connections, Inc. has a 1-year low of C$204.23 and a 1-year high of C$273.56. The business has a 50-day moving average of C$221.21 and a 200-day moving average of C$230.28. The company has a debt-to-equity ratio of 117.10, a current ratio of 0.69 and a quick ratio of 0.74. The company has a market capitalization of C$55.04 billion, a price-to-earnings ratio of 52.84, a PEG ratio of 2.22 and a beta of 0.50.
Waste Connections (TSE:WCN - Get Free Report) last issued 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 company had revenue of C$3.30 billion during the quarter. On average, equities analysts anticipate that Waste Connections, Inc. will post 9.9808652 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Wolfe Research raised Waste Connections to a "strong-buy" rating in a research report on Friday, March 13th. Nine equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Strong Buy".
View Our Latest Report 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.
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