Robert Andres Nielsen Sells 571 Shares of Waste Connections, Inc. (TSE:WCN) Stock

Waste Connections, Inc. (TSE:WCN) Senior Officer Robert Andres Nielsen sold 571 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$252.28, for a total transaction of C$144,051.88.

Robert Andres Nielsen also recently made the following trade(s):

• On Wednesday, August 14th, Robert Andres Nielsen sold 500 shares of Waste Connections stock. The stock was sold at an average price of C$181.75, for a total value of C$90,875.00.
• On Wednesday, August 7th, Robert Andres Nielsen sold 1,000 shares of Waste Connections stock. The shares were sold at an average price of C$180.15, for a total value of C$180,150.00.

Waste Connections Stock Down 0.1 %

Shares of TSE:WCN opened at C$252.39 on Friday. Waste Connections, Inc. has a 12-month low of C$174.74 and a 12-month high of C$253.32. The stock’s 50-day moving average price is C$248.35 and its two-hundred day moving average price is C$236.08. The company has a current ratio of 0.70, a quick ratio of 0.74 and a debt-to-equity ratio of 100.60. The firm has a market cap of C$65.11 billion, a price-to-earnings ratio of 55.96, a PEG ratio of 2.22 and a beta of 0.72.

Waste Connections (TSE:WCN) last released its earnings results on Wednesday, July 24th. The company reported C$1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.61 by C$0.09. Waste Connections had a net margin of 10.23% and a return on equity of 11.14%. The business had revenue of C$3.08 billion for the quarter, compared to analysts’ expectations of C$3.03 billion. On average, research analysts forecast that Waste Connections, Inc. will post 10.0831994 EPS for the current year.

Waste Connections Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Wednesday, August 7th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.62%. This is an increase 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 34.37%.

Analyst Upgrades and Downgrades

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

Waste Connections Company Profile

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.