Insider Selling: Waste Connections, Inc. (NYSE:WCN) SVP Sells 1,250 Shares of Stock

Waste Connections, Inc. (NYSE:WCN) SVP Jason Craft sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, November 18th. The shares were sold at an average price of $138.21, for a total transaction of $172,762.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Waste Connections stock opened at $137.28 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. Waste Connections, Inc. has a 52-week low of $97.02 and a 52-week high of $138.82. The stock has a market capitalization of $35.77 billion, a price-to-earnings ratio of 61.56, a P/E/G ratio of 3.09 and a beta of 0.72. The company’s 50 day moving average price is $131.85 and its 200-day moving average price is $126.63.

Waste Connections (NYSE:WCN) last issued its earnings results on Wednesday, October 27th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. Waste Connections had a net margin of 9.83% and a return on equity of 11.73%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter last year, the business earned $0.72 earnings per share. The business’s revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts forecast that Waste Connections, Inc. will post 3.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 23rd. Stockholders of record on Tuesday, November 9th were issued a $0.23 dividend. This is a boost from Waste Connections’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, November 8th. This represents a $0.92 annualized dividend and a dividend yield of 0.67%. Waste Connections’s dividend payout ratio (DPR) is currently 41.26%.

WCN has been the topic of several research reports. Royal Bank of Canada lifted their price target on shares of Waste Connections from $139.00 to $147.00 and gave the stock an “outperform” rating in a research note on Friday, October 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Waste Connections from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, October 29th. Raymond James lifted their price target on shares of Waste Connections from $144.00 to $152.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 29th. BMO Capital Markets reissued a “buy” rating on shares of Waste Connections in a research note on Sunday, October 31st. Finally, KeyCorp lifted their price target on shares of Waste Connections from $136.00 to $146.00 and gave the stock an “overweight” rating in a research note on Thursday, October 21st. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Waste Connections has a consensus rating of “Buy” and an average target price of $138.88.

Institutional investors have recently modified their holdings of the company. Trustcore Financial Services LLC boosted its holdings in Waste Connections by 239.4% in the second quarter. Trustcore Financial Services LLC now owns 241 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 170 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Waste Connections by 65.9% in the third quarter. Global Retirement Partners LLC now owns 277 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 110 shares in the last quarter. Vestor Capital LLC bought a new stake in Waste Connections in the third quarter valued at $41,000. NEXT Financial Group Inc boosted its holdings in Waste Connections by 236.0% in the third quarter. NEXT Financial Group Inc now owns 336 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 236 shares in the last quarter. Finally, Ameritas Investment Company LLC bought a new stake in Waste Connections in the first quarter valued at $51,000. Hedge funds and other institutional investors own 80.01% of the company’s stock.

About Waste Connections

Waste Connections, Inc engages in the provision of solid waste services. Its services include waste collection, transfer, disposal, treatment and recycling. It also provides non-hazardous exploration and production, waste treatment, recovery and disposal services. The company was founded by Ronald J.

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