Waste Connections (TSE:WCN) Reaches New 12-Month High at $246.09

Shares of Waste Connections, Inc. (TSE:WCN) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$246.09 and last traded at C$245.41, with a volume of 83871 shares. The stock had previously closed at C$242.84.

Analyst Ratings Changes

Separately, ATB Capital lifted their price target on Waste Connections from C$235.00 to C$240.00 and gave the company a “sector perform” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$193.10.

Waste Connections Price Performance

The stock has a 50-day simple moving average of C$231.96 and a 200 day simple moving average of C$223.00. The stock has a market capitalization of C$63.47 billion, a P/E ratio of 59.36, a price-to-earnings-growth ratio of 2.22 and a beta of 0.67. The company has a debt-to-equity ratio of 104.12, a quick ratio of 0.74 and a current ratio of 0.75.

Waste Connections (TSE:WCN) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C$1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.38 by C$0.02. The business had revenue of C$2.79 billion for the quarter, compared to analysts’ expectations of C$2.78 billion. Waste Connections had a return on equity of 10.57% and a net margin of 9.70%. On average, equities analysts forecast that Waste Connections, Inc. will post 8.888 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Wednesday, May 8th were paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.63%. This is an increase from Waste Connections’s previous quarterly dividend of $0.38. The ex-dividend date was Tuesday, May 7th. Waste Connections’s payout ratio is 37.96%.

Insider Activity at Waste Connections

In other Waste Connections news, Director Michael W. Harlan sold 1,500 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$167.59, for a total transaction of C$251,387.85. In related news, Director Michael W. Harlan sold 1,500 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$167.59, for a total value of C$251,387.85. Also, Senior Officer Robert Andres Nielsen sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of C$169.00, for a total transaction of C$169,000.00. Insiders have sold 4,500 shares of company stock worth $752,388 over the last ninety days. Company insiders own 0.22% of the company’s stock.

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.