Waste Connections (TSE:WCN) Director Ronald Mittelstaedt Acquires 50,000 Shares

Waste Connections, Inc. (TSE:WCN) Director Ronald Mittelstaedt purchased 50,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of C$209.38 per share, for a total transaction of C$10,469,000.00. Following the completion of the purchase, the director directly owned 301,017 shares of the company’s stock, valued at approximately C$63,026,939.46. This trade represents a 19.92% increase in their ownership of the stock.

Waste Connections Trading Up 0.4%

TSE:WCN traded up C$0.91 on Wednesday, reaching C$208.33. 959,465 shares of the company’s stock were exchanged, compared to its average volume of 357,360. 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 firm has a market capitalization of C$52.93 billion, a price-to-earnings ratio of 50.81, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50. The business has a fifty day moving average of C$222.65 and a 200-day moving average of C$231.05. Waste Connections, Inc. has a 52-week low of C$204.23 and a 52-week high of C$273.56.

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

Analyst Upgrades and Downgrades

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