Waste Connections Inc (NYSE:WCN) Director Michael W. Harlan sold 11,900 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $79.30, for a total value of $943,670.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE WCN opened at $80.58 on Friday. The firm has a market capitalization of $21.32 billion, a P/E ratio of 37.31, a P/E/G ratio of 2.77 and a beta of 0.07. Waste Connections Inc has a twelve month low of $65.06 and a twelve month high of $81.36. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.15 and a quick ratio of 1.15.

Waste Connections (NYSE:WCN) last posted its quarterly earnings data on Tuesday, July 24th. The business services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Waste Connections had a return on equity of 9.90% and a net margin of 14.80%. Waste Connections’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. sell-side analysts anticipate 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. Investors of record on Tuesday, August 7th were issued a $0.14 dividend. The ex-dividend date was Monday, August 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. Waste Connections’s payout ratio is 25.93%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Stephens Inc. AR grew its holdings in Waste Connections by 15.5% during the 1st quarter. Stephens Inc. AR now owns 6,191 shares of the business services provider’s stock worth $444,000 after acquiring an additional 831 shares during the period. IFM Investors Pty Ltd grew its holdings in Waste Connections by 11.1% during the 1st quarter. IFM Investors Pty Ltd now owns 8,522 shares of the business services provider’s stock worth $611,000 after acquiring an additional 850 shares during the period. Envestnet Asset Management Inc. grew its holdings in Waste Connections by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 14,329 shares of the business services provider’s stock worth $1,079,000 after acquiring an additional 860 shares during the period. BB&T Securities LLC grew its holdings in Waste Connections by 4.3% during the 2nd quarter. BB&T Securities LLC now owns 27,554 shares of the business services provider’s stock worth $2,074,000 after acquiring an additional 1,129 shares during the period. Finally, Usca Ria LLC grew its holdings in Waste Connections by 13.6% during the 1st quarter. Usca Ria LLC now owns 10,524 shares of the business services provider’s stock worth $755,000 after acquiring an additional 1,258 shares during the period. Institutional investors and hedge funds own 82.86% of the company’s stock.

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

About Waste Connections

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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