Waste Connections Inc (NYSE:WCN) Director Michael W. Harlan sold 11,900 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $79.30, for a total value of $943,670.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of WCN traded down $0.35 during midday trading on Friday, reaching $80.55. The stock had a trading volume of 35,925 shares, compared to its average volume of 483,858. Waste Connections Inc has a 12-month low of $65.06 and a 12-month high of $81.03. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $21.11 billion, a P/E ratio of 37.46, a PEG ratio of 2.74 and a beta of 0.07.
Waste Connections (NYSE:WCN) last posted its quarterly earnings data on Tuesday, July 24th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Waste Connections had a return on equity of 9.90% and a net margin of 14.80%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the business earned $0.55 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities research analysts predict that Waste Connections Inc will post 2.5 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 21st. Stockholders of record on Tuesday, August 7th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Monday, August 6th. Waste Connections’s payout ratio is currently 25.93%.
A number of equities analysts have weighed in on WCN shares. Zacks Investment Research upgraded Waste Connections from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research note on Saturday, July 7th. Citigroup upped their target price on Waste Connections from $80.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, July 26th. BMO Capital Markets upped their price objective on Waste Connections from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, June 29th. Royal Bank of Canada upped their price objective on Waste Connections from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, July 26th. Finally, TD Securities upped their price objective on Waste Connections from $79.00 to $83.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Waste Connections presently has a consensus rating of “Buy” and an average price target of $83.00.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Zions Bancorporation purchased a new stake in Waste Connections during the 2nd quarter valued at about $178,000. Jaffetilchin Investment Partners LLC purchased a new stake in Waste Connections during the 2nd quarter valued at about $203,000. Trexquant Investment LP purchased a new stake in Waste Connections during the 2nd quarter valued at about $216,000. Cumberland Partners Ltd purchased a new stake in Waste Connections during the 2nd quarter valued at about $236,000. Finally, Natixis purchased a new stake in Waste Connections during the 2nd quarter valued at about $265,000. Hedge funds and other institutional investors own 82.86% of the company’s stock.
Waste Connections Company Profile
Waste Connections, Inc, a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.
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