Insider Selling: Waste Connections, Inc. (TSE:WCN) Director Sells 8,000 Shares of Stock

Waste Connections, Inc. (TSE:WCN) Director Edward E. Guillet sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$249.52, for a total value of C$1,996,164.00.

Waste Connections Stock Performance

Shares of TSE WCN traded down C$1.81 during trading hours on Friday, hitting C$247.98. 56,427 shares of the company’s stock were exchanged, compared to its average volume of 236,088. The stock has a market capitalization of C$63.97 billion, a price-to-earnings ratio of 55.51, a PEG ratio of 2.22 and a beta of 0.71. The company’s 50-day moving average price is C$247.17 and its 200-day moving average price is C$235.12. The company has a debt-to-equity ratio of 100.60, a current ratio of 0.70 and a quick ratio of 0.74. Waste Connections, Inc. has a 1-year low of C$174.74 and a 1-year high of C$252.91.

Waste Connections (TSE:WCN) last issued its quarterly earnings results on Wednesday, July 24th. The company reported C$1.70 EPS for the quarter, topping analysts’ consensus estimates of C$1.61 by C$0.09. The company had revenue of C$3.08 billion during the quarter, compared to analyst estimates of C$3.03 billion. Waste Connections had a return on equity of 11.14% and a net margin of 10.23%. On average, sell-side analysts expect that Waste Connections, Inc. will post 8.9010324 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Wednesday, August 7th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.63%. This is a positive change from Waste Connections’s previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, August 7th. Waste Connections’s dividend payout ratio (DPR) is currently 34.44%.

Wall Street Analyst Weigh In

Separately, ATB Capital boosted their price objective on shares of Waste Connections from C$240.00 to C$255.00 in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$196.10.

About Waste Connections

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.