James M. Little Sells 6,000 Shares of Waste Connections, Inc. (TSE:WCN) Stock

Waste Connections, Inc. (TSE:WCNGet Free Report) Senior Officer James M. Little sold 6,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of C$168.64, for a total value of C$1,011,840.00.

Waste Connections Stock Up 0.5 %

WCN stock traded up C$1.06 during mid-day trading on Monday, reaching C$226.20. The company had a trading volume of 131,149 shares, compared to its average volume of 249,358. The company has a debt-to-equity ratio of 91.42, a quick ratio of 0.74 and a current ratio of 0.68. Waste Connections, Inc. has a fifty-two week low of C$174.74 and a fifty-two week high of C$231.95. The company has a market capitalization of C$58.29 billion, a price-to-earnings ratio of 56.43, a price-to-earnings-growth ratio of 2.22 and a beta of 0.65. The firm has a fifty day simple moving average of C$212.29 and a 200 day simple moving average of C$196.08.

Waste Connections (TSE:WCNGet Free Report) last issued its earnings results on Tuesday, February 13th. The company reported C$1.51 earnings per share for the quarter, topping the consensus estimate of C$1.47 by C$0.04. The business had revenue of C$2.77 billion for the quarter, compared to analyst estimates of C$2.76 billion. Waste Connections had a return on equity of 10.30% and a net margin of 9.51%. Analysts forecast that Waste Connections, Inc. will post 8.8153242 earnings per share for the current fiscal year.

Waste Connections Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.383 per share. This represents a $1.53 annualized dividend and a yield of 0.68%. The ex-dividend date is Tuesday, February 27th. Waste Connections’s dividend payout ratio (DPR) is 38.85%.

Analysts Set New Price Targets

WCN has been the subject of a number of research analyst reports. ATB Capital cut Waste Connections from an “outperform” rating to a “sector perform” rating and raised their target price for the company from C$200.00 to C$235.00 in a report on Thursday, February 15th. Royal Bank of Canada raised their target price on Waste Connections from C$169.00 to C$182.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Atb Cap Markets lowered Waste Connections from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, February 14th. Scotiabank increased their price target on Waste Connections from C$141.00 to C$146.50 and gave the company a “sector perform” rating in a research report on Tuesday, December 12th. Finally, CIBC increased their price target on Waste Connections from C$156.00 to C$167.00 and gave the company an “outperform” rating in a research report on Tuesday, December 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$192.10.

View Our Latest Stock Analysis on Waste Connections

Waste Connections Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Waste Connections (TSE:WCN)

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