Waste Connections, Inc. (NYSE:WCN – Get Free Report) SVP Philip Rivard sold 2,500 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $166.57, for a total transaction of $416,425.00. Following the completion of the transaction, the senior vice president directly owned 734 shares in the company, valued at $122,262.38. This trade represents a 77.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Waste Connections Stock Down 0.1%
Waste Connections stock opened at $168.51 on Friday. The company has a market capitalization of $42.39 billion, a P/E ratio of 40.60, a PEG ratio of 2.90 and a beta of 0.48. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.66 and a current ratio of 0.66. Waste Connections, Inc. has a fifty-two week low of $146.89 and a fifty-two week high of $188.09. The stock has a 50-day simple moving average of $166.25 and a 200-day simple moving average of $163.12.
Waste Connections (NYSE:WCN – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The business services provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.15. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.51 billion. Waste Connections had a net margin of 10.86% and a return on equity of 17.31%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.29 earnings per share. Equities research analysts expect that Waste Connections, Inc. will post 5.62 earnings per share for the current year.
Waste Connections Announces Dividend
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a $208.00 target price (up from $206.00) on shares of Waste Connections in a research note on Friday, April 24th. Citigroup boosted their price target on Waste Connections from $180.00 to $182.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. UBS Group reaffirmed a “neutral” rating and set a $176.00 price objective (up from $170.00) on shares of Waste Connections in a research note on Tuesday, August 4th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $199.00 price target on shares of Waste Connections in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Waste Connections from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Waste Connections currently has an average rating of “Moderate Buy” and an average target price of $200.89.
View Our Latest Stock Analysis on WCN
Hedge Funds Weigh In On Waste Connections
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC acquired a new stake in Waste Connections during the 3rd quarter valued at approximately $26,000. Group One Trading LLC purchased a new position in shares of Waste Connections during the 2nd quarter valued at approximately $30,000. Whipplewood Advisors LLC boosted its stake in shares of Waste Connections by 1,166.7% during the 1st quarter. Whipplewood Advisors LLC now owns 190 shares of the business services provider’s stock valued at $31,000 after buying an additional 175 shares during the last quarter. Transamerica Financial Advisors LLC grew its position in shares of Waste Connections by 346.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 174 shares of the business services provider’s stock worth $31,000 after buying an additional 135 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Waste Connections in the fourth quarter worth $36,000. 86.09% of the stock is owned by institutional investors and hedge funds.
About Waste Connections
Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.
The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.
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