Waste Connections, Inc. (NYSE:WCN – Get Free Report) COO Jason Craft sold 1,500 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $156.59, for a total value of $234,885.00. Following the completion of the sale, the chief operating officer owned 32,861 shares in the company, valued at $5,145,703.99. This represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Waste Connections Stock Up 1.1%
Shares of NYSE:WCN opened at $159.25 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.13. Waste Connections, Inc. has a 52-week low of $146.89 and a 52-week high of $192.72. The stock’s fifty day simple moving average is $157.96 and its 200-day simple moving average is $165.36. The company has a market capitalization of $40.40 billion, a P/E ratio of 38.84, a P/E/G ratio of 2.80 and a beta of 0.51.
Waste Connections (NYSE:WCN – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.04. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.50 billion. Waste Connections had a return on equity of 16.49% and a net margin of 10.97%.The business’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 earnings per share. As a group, equities research analysts forecast that Waste Connections, Inc. will post 5.5 earnings per share for the current fiscal year.
Waste Connections Announces Dividend
Analysts Set New Price Targets
Several research firms recently commented on WCN. Wolfe Research began coverage on Waste Connections in a research note on Friday, March 13th. They issued an “outperform” rating and a $199.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $212.00 target price on Waste Connections in a research note on Friday, February 13th. Weiss Ratings lowered Waste Connections from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Stifel Nicolaus set a $213.00 target price on Waste Connections and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $218.00 target price (up from $210.00) on shares of Waste Connections in a research note on Friday, April 24th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $202.84.
View Our Latest Report on Waste Connections
Institutional Investors Weigh In On Waste Connections
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. City Holding Co. acquired a new stake in Waste Connections during the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Waste Connections during the third quarter worth about $26,000. Transamerica Financial Advisors LLC increased its stake in 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 acquiring an additional 135 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in Waste Connections during the third quarter worth about $30,000. Finally, Whipplewood Advisors LLC increased its stake in Waste Connections by 1,166.7% during the first quarter. Whipplewood Advisors LLC now owns 190 shares of the business services provider’s stock worth $31,000 after acquiring an additional 175 shares during the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.
Waste Connections Company Profile
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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