Waste Connections Inc (NYSE:WCN) CEO Ronald J. Mittelstaedt sold 45,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $73.32, for a total value of $3,299,400.00. Following the sale, the chief executive officer now owns 100,462 shares in the company, valued at $7,365,873.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Waste Connections stock traded down $0.42 during trading on Monday, reaching $71.32. 739,638 shares of the stock traded hands, compared to its average volume of 880,270. The firm has a market cap of $18,915.37, a price-to-earnings ratio of 33.02, a PEG ratio of 2.64 and a beta of 0.18. Waste Connections Inc has a 52-week low of $58.28 and a 52-week high of $74.59. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.63.
Waste Connections (NYSE:WCN) last announced its earnings results on Wednesday, February 14th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Waste Connections had a return on equity of 9.63% and a net margin of 12.46%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. equities analysts expect that Waste Connections Inc will post 2.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Tuesday, February 27th. Waste Connections’s dividend payout ratio (DPR) is presently 25.93%.
A number of large investors have recently bought and sold shares of WCN. Advisors Asset Management Inc. acquired a new position in shares of Waste Connections in the third quarter worth about $103,000. Cerebellum GP LLC acquired a new position in shares of Waste Connections in the fourth quarter worth about $125,000. SG Americas Securities LLC acquired a new position in shares of Waste Connections in the fourth quarter worth about $194,000. Timber Hill LLC acquired a new position in shares of Waste Connections in the fourth quarter worth about $206,000. Finally, Advisor Partners LLC acquired a new position in shares of Waste Connections in the fourth quarter worth about $216,000. 84.21% of the stock is currently owned by institutional investors.
A number of equities analysts have recently issued reports on WCN shares. BMO Capital Markets initiated coverage on Waste Connections in a report on Monday, December 11th. They issued an “outperform” rating and a $79.00 price objective for the company. Bank of America assumed coverage on Waste Connections in a research note on Friday, December 22nd. They issued a “buy” rating and a $80.00 target price for the company. Zacks Investment Research lowered Waste Connections from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 target price on shares of Waste Connections in a research report on Thursday, January 4th. Finally, Credit Suisse Group set a $80.00 target price on Waste Connections and gave the stock a “buy” rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Waste Connections currently has a consensus rating of “Buy” and a consensus price target of $79.21.
About Waste Connections
Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.
Receive News & Ratings for Waste Connections Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Connections and related companies with MarketBeat.com's FREE daily email newsletter.