Waste Connections, Inc. (TSE:WCN) Director Edward E. Guillet Sells 8,000 Shares

Waste Connections, Inc. (TSE:WCN) Director Edward E. Guillet sold 8,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$249.52, for a total transaction of C$1,996,164.00.

Waste Connections Stock Performance

TSE WCN opened at C$247.71 on Friday. The stock has a market cap of C$63.90 billion, a price-to-earnings ratio of 55.05, a price-to-earnings-growth ratio of 2.22 and a beta of 0.71. The company has a quick ratio of 0.74, a current ratio of 0.70 and a debt-to-equity ratio of 100.60. The business has a fifty day moving average of C$247.33 and a 200-day moving average of C$235.27. Waste Connections, Inc. has a fifty-two week low of C$174.74 and a fifty-two week high of C$252.91.

Waste Connections (TSE:WCN) last posted its quarterly earnings data on Wednesday, July 24th. The company reported C$1.70 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.61 by C$0.09. Waste Connections had a net margin of 10.23% and a return on equity of 11.14%. The business had revenue of C$3.08 billion during the quarter, compared to analyst estimates of C$3.03 billion. As a group, analysts predict that Waste Connections, Inc. will post 8.9010324 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.39 per share. This is a boost from Waste Connections’s previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, August 7th. This represents a $1.56 annualized dividend and a dividend yield of 0.63%. Waste Connections’s dividend payout ratio (DPR) is 34.44%.

Analyst Upgrades and Downgrades

Separately, ATB Capital upped their price target on shares of Waste Connections from C$240.00 to C$255.00 in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$196.10.

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.