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

Waste Connections, Inc. (TSE:WCNGet Free Report) insider Robert Andres Nielsen sold 337 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$210.44, for a total transaction of C$70,918.28. Following the transaction, the insider directly owned 5,040 shares of the company’s stock, valued at approximately C$1,060,617.60. This trade represents a 6.27% decrease in their position.

Waste Connections Stock Performance

Shares of WCN opened at C$215.36 on Friday. The company has a market cap of C$54.72 billion, a price-to-earnings ratio of 52.53, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50. The firm has a fifty day moving average of C$221.86 and a 200-day moving average of C$230.70. Waste Connections, Inc. has a 1 year low of C$204.23 and a 1 year high of C$273.56. 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:WCNGet Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported C$1.71 earnings per share for the quarter. The business had revenue of C$3.30 billion during the quarter. Waste Connections had a net margin of 10.98% and a return on equity of 12.83%. As a group, equities analysts anticipate that Waste Connections, Inc. will post 9.9808652 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wolfe Research upgraded 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 stock. According to data from MarketBeat.com, Waste Connections presently has a consensus rating of “Strong Buy”.

Read Our Latest Report on Waste Connections

About Waste Connections

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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.

Further Reading

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