Waste Connections Inc (NYSE:WCN) COO Darrell W. Chambliss sold 6,485 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $80.00, for a total transaction of $518,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Waste Connections stock traded down $0.37 during mid-day trading on Friday, hitting $80.53. 39,065 shares of the stock were exchanged, compared to its average volume of 483,858. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.15 and a current ratio of 1.15. Waste Connections Inc has a 12 month low of $65.06 and a 12 month high of $81.03. The firm has a market cap of $21.11 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 2.74 and a beta of 0.07.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Tuesday, July 24th. The business services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.03. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Waste Connections had a net margin of 14.80% and a return on equity of 9.90%. Waste Connections’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. equities research analysts predict that Waste Connections Inc will post 2.5 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 21st. Stockholders of record on Tuesday, August 7th were paid a $0.14 dividend. The ex-dividend date was Monday, August 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.70%. Waste Connections’s dividend payout ratio is currently 25.93%.

Several large investors have recently added to or reduced their stakes in WCN. Stephens Inc. AR grew its position in Waste Connections by 15.5% in the 1st quarter. Stephens Inc. AR now owns 6,191 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 831 shares during the period. IFM Investors Pty Ltd grew its position in Waste Connections by 11.1% in the 1st quarter. IFM Investors Pty Ltd now owns 8,522 shares of the business services provider’s stock valued at $611,000 after purchasing an additional 850 shares during the period. Envestnet Asset Management Inc. grew its position in Waste Connections by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 14,329 shares of the business services provider’s stock valued at $1,079,000 after purchasing an additional 860 shares during the period. BB&T Securities LLC grew its position in Waste Connections by 4.3% in the 2nd quarter. BB&T Securities LLC now owns 27,554 shares of the business services provider’s stock valued at $2,074,000 after purchasing an additional 1,129 shares during the period. Finally, Usca Ria LLC grew its position in Waste Connections by 13.6% in the 1st quarter. Usca Ria LLC now owns 10,524 shares of the business services provider’s stock valued at $755,000 after purchasing an additional 1,258 shares during the period. Institutional investors own 82.86% of the company’s stock.

Several research firms have issued reports on WCN. Zacks Investment Research upgraded shares of Waste Connections from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Friday, May 25th. Citigroup raised their price target on shares of Waste Connections from $80.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, July 26th. TD Securities raised their price target on shares of Waste Connections from $79.00 to $83.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. BMO Capital Markets raised their price target on shares of Waste Connections from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, June 29th. Finally, Royal Bank of Canada raised their price target on shares of Waste Connections from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, July 26th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Waste Connections presently has a consensus rating of “Buy” and a consensus target price of $83.00.

Waste Connections Company Profile

Waste Connections, Inc, a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.

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Insider Buying and Selling by Quarter for Waste Connections (NYSE:WCN)

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