Waste Connections (TSE:WCN) Insider Robert Andres Nielsen Sells 500 Shares

Waste Connections, Inc. (TSE:WCN) insider Robert Andres Nielsen sold 500 shares of Waste Connections stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$213.96, for a total transaction of C$106,980.00. Following the completion of the transaction, the insider owned 4,250 shares in the company, valued at approximately C$909,330. This trade represents a 10.53% decrease in their ownership of the stock.

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

• On Wednesday, May 13th, Robert Andres Nielsen sold 290 shares of Waste Connections stock. The shares were sold at an average price of C$207.69, for a total transaction of C$60,230.10.
• On Tuesday, May 12th, Robert Andres Nielsen sold 337 shares of Waste Connections stock. The shares were sold at an average price of C$210.44, for a total transaction of C$70,918.28.

Waste Connections Stock Performance

TSE:WCN traded up C$3.85 during midday trading on Tuesday, reaching C$219.21. The stock had a trading volume of 224,380 shares, compared to its average volume of 355,981. The firm has a fifty day simple moving average of C$221.50 and a two-hundred day simple moving average of C$230.41. Waste Connections, Inc. has a 12-month low of C$204.23 and a 12-month high of C$273.56. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 117.10. The stock has a market cap of C$55.70 billion, a P/E ratio of 53.47, a P/E/G ratio of 2.22 and a beta of 0.50.

Waste Connections (TSE:WCN) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported C$1.71 earnings per share for the quarter. Waste Connections had a net margin of 10.98% and a return on equity of 12.83%. The firm had revenue of C$3.30 billion for the quarter. On average, equities analysts expect that Waste Connections, Inc. will post 9.9808652 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wolfe Research upgraded shares of Waste Connections to a “strong-buy” rating in a research note on Friday, March 13th. Nine equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

About Waste Connections

Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2020, 13% of consolidated revenue was generated from the firm’s Canadian segment.