Waste Connections (TSE:WCN) Insider Robert Andres Nielsen Sells 290 Shares

Waste Connections, Inc. (TSE:WCN – Get Free Report) insider Robert Andres Nielsen sold 290 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of C$207.69, for a total value of C$60,230.10. Following the completion of the transaction, the insider owned 4,750 shares of the company’s stock, valued at C$986,527.50. The trade was a 5.75% decrease in their ownership of the stock.

Robert Andres Nielsen also recently made the following trade(s):

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• On Thursday, May 14th, Robert Andres Nielsen sold 500 shares of Waste Connections stock. The shares were sold at an average price of C$213.96, for a total value of C$106,980.00.
• On Tuesday, May 12th, Robert Andres Nielsen sold 337 shares of Waste Connections stock. The shares were sold at an average price of C$210.44, for a total value of C$70,918.28.

Waste Connections Stock Performance

Waste Connections stock opened at C$216.63 on Wednesday. The firm has a market capitalization of C$55.04 billion, a P/E ratio of 52.84, a PEG ratio of 2.22 and a beta of 0.50. The stock has a fifty day moving average price of C$221.21 and a 200 day moving average price of C$230.28. Waste Connections, Inc. has a 52 week low of C$204.23 and a 52 week high of C$273.56. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 117.10.

Waste Connections (TSE:WCN – Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported C$1.71 EPS for the quarter. The firm 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%. Equities research analysts anticipate that Waste Connections, Inc. will post 9.9808652 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wolfe Research upgraded Waste Connections to a “strong-buy” rating in a research note on Friday, March 13th. Nine equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waste Connections presently has a consensus rating of “Strong Buy”.

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Waste Connections Company Profile

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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.

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