Waste Connections, Inc. (TSE:WCN – Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as C$203.46 and last traded at C$207.05, with a volume of 235213 shares trading hands. The stock had previously closed at C$205.74.
Analyst Ratings Changes
Separately, Wolfe Research raised shares of Waste Connections to a “strong-buy” rating in a research report on Friday, March 13th. Eight 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, the company currently has an average rating of “Strong Buy”.
Read Our Latest Report on Waste Connections
Waste Connections Stock Up 0.6%
Waste Connections (TSE:WCN – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported C$1.71 earnings per share (EPS) for the quarter. The business had revenue of C$3.30 billion during the quarter. Waste Connections had a return on equity of 12.83% and a net margin of 10.98%. On average, equities research analysts anticipate that Waste Connections, Inc. will post 9.9808652 earnings per share for the current year.
Insider Activity
In related news, Director Ronald J. Mittelstaedt purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average price of C$209.38 per share, for a total transaction of C$10,469,000.00. Following the completion of the transaction, the director owned 301,017 shares of the company’s stock, valued at approximately C$63,026,939.46. This trade represents a 19.92% increase in their ownership of the stock. Also, insider Robert Andres Nielsen sold 500 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$213.96, for a total value of C$106,980.00. Following the completion of the transaction, the insider owned 4,250 shares in the company, valued at C$909,330. The trade was a 10.53% decrease in their position. Insiders sold a total of 1,127 shares of company stock valued at $238,128 in the last quarter. Corporate insiders own 0.21% of the company’s stock.
Waste Connections Company Profile
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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