Insider Selling: Waste Connections (TSE:WCN) Insider Sells C$517,580.00 in Stock

Waste Connections, Inc. (TSE:WCN) insider James Little sold 2,000 shares of Waste Connections stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of C$258.79, for a total value of C$517,580.00. Following the completion of the sale, the insider directly owned 32,395 shares in the company, valued at C$8,383,502.05. This trade represents a 5.81% decrease in their ownership of the stock.

Waste Connections Price Performance

Shares of TSE:WCN traded down C$1.45 during mid-day trading on Friday, reaching C$266.73. The stock had a trading volume of 536,882 shares, compared to its average volume of 377,925. The company has a current ratio of 0.67, a quick ratio of 0.74 and a debt-to-equity ratio of 123.96. The company has a market cap of C$66.75 billion, a P/E ratio of 59.80, a price-to-earnings-growth ratio of 2.22 and a beta of 0.53. Waste Connections, Inc. has a 1 year low of C$203.46 and a 1 year high of C$273.33. The business’s 50 day moving average price is C$232.42 and its 200 day moving average price is C$227.94.

Waste Connections Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 19th will be issued a dividend of $0.3850 per share. This represents a $1.54 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, November 5th. Waste Connections’s dividend payout ratio (DPR) is currently 31.39%.

Analyst Ratings Changes

Separately, UBS Group raised Waste Connections from a “hold” rating to a “buy” rating and set a C$200.00 price objective on the stock in a report on Friday, September 18th. Five analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, Waste Connections has a consensus rating of “Strong Buy” and a consensus target price of C$200.00.

About Waste Connections

Waste Connections ( wasteconnections.com ) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S.