Robert Andres Nielsen Sells 337 Shares of Waste Connections (TSE:WCN) Stock

Waste Connections, Inc. (TSE:WCN) insider Robert Andres Nielsen sold 337 shares of the firm’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 transaction of C$70,918.28. Following the sale, the insider directly 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

Waste Connections stock traded up C$2.64 during trading on Friday, reaching C$215.40. The company had a trading volume of 202,183 shares, compared to its average volume of 354,933. The firm’s 50-day simple moving average is C$222.18 and its 200 day simple moving average is C$230.81. Waste Connections, Inc. has a 1-year low of C$204.23 and a 1-year high of C$273.56. The firm has a market capitalization of C$54.73 billion, a PE ratio of 52.54, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50. The company has a debt-to-equity ratio of 117.10, a quick ratio of 0.74 and a current ratio of 0.69.

Waste Connections (TSE:WCN) last released its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.71 earnings per share (EPS) for the quarter. Waste Connections had a net margin of 10.98% and a return on equity of 12.83%. The firm had revenue of C$3.30 billion for the quarter. As a group, equities research analysts anticipate that Waste Connections, Inc. will post 9.9808652 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wolfe Research raised shares of Waste Connections to a “strong-buy” rating in a research report on Friday, March 13th. Nine investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

About Waste Connections

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.