Insider Selling: Waste Connections, Inc. (NYSE:WCN) SVP Sells $172,762.50 in Stock

Waste Connections, Inc. (NYSE:WCN) SVP Jason Craft sold 1,250 shares of Waste Connections stock in a transaction dated Thursday, November 18th. The stock was sold at an average price of $138.21, for a total transaction of $172,762.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

WCN stock opened at $137.28 on Thursday. The company has a 50 day simple moving average of $131.85 and a 200 day simple moving average of $126.63. The stock has a market cap 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. Waste Connections, Inc. has a 1 year low of $97.02 and a 1 year high of $138.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01.

Waste Connections (NYSE:WCN) last released its quarterly earnings data on Wednesday, October 27th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.04. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Waste Connections had a net margin of 9.83% and a return on equity of 11.73%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. On average, equities research analysts anticipate that Waste Connections, Inc. will post 3.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 23rd. Investors of record on Tuesday, November 9th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.67%. 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. Waste Connections’s dividend payout ratio is currently 41.26%.

Hedge funds have recently added to or reduced their stakes in the stock. Middleton & Co Inc MA grew its holdings in Waste Connections by 0.5% during the 2nd quarter. Middleton & Co Inc MA now owns 14,669 shares of the business services provider’s stock worth $1,752,000 after acquiring an additional 80 shares during the last quarter. Creative Planning grew its holdings in Waste Connections by 3.2% during the 3rd quarter. Creative Planning now owns 2,650 shares of the business services provider’s stock worth $334,000 after acquiring an additional 83 shares during the last quarter. Spire Wealth Management grew its holdings in Waste Connections by 1.6% during the 3rd quarter. Spire Wealth Management now owns 5,767 shares of the business services provider’s stock worth $726,000 after acquiring an additional 89 shares during the last quarter. Confluence Investment Management LLC grew its holdings in Waste Connections by 1.1% during the 3rd quarter. Confluence Investment Management LLC now owns 8,994 shares of the business services provider’s stock worth $1,133,000 after acquiring an additional 99 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in Waste Connections by 65.9% during the 3rd quarter. Global Retirement Partners LLC now owns 277 shares of the business services provider’s stock worth $35,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 80.01% of the company’s stock.

Several analysts have weighed in on WCN shares. KeyCorp lifted their price objective 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. Royal Bank of Canada boosted their target price on shares of Waste Connections from $139.00 to $147.00 and gave the company an “outperform” rating in a research report on Friday, October 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Waste Connections from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, October 29th. Raymond James boosted their target price on shares of Waste Connections from $144.00 to $152.00 and gave the company a “strong-buy” rating in a research report on Friday, October 29th. Finally, BMO Capital Markets restated a “buy” rating on shares of Waste Connections in a research report on Sunday, October 31st. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $138.88.

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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