Insider Selling: Waste Connections VP Unloads 1,113 Shares of Stock (WCN)
Waste Connections (NYSE:WCN) VP Gregory Thibodeaux sold 1,113 shares of the company’s stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $48.61, for a total value of $54,102.93. Following the sale, the vice president now directly owns 14,152 shares in the company, valued at approximately $687,929. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on WCN. Analysts at Stifel Nicolaus initiated coverage on shares of Waste Connections in a research note on Friday, August 1st. They set a “buy” rating on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Waste Connections in a research note on Wednesday, July 23rd. They now have a $51.00 price target on the stock, up previously from $48.00. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Waste Connections in a research note on Wednesday, July 23rd. They now have a $56.00 price target on the stock, up previously from $52.00. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $52.83.
Shares of Waste Connections (NYSE:WCN) traded up 0.16% during mid-day trading on Tuesday, hitting $48.75. 344,896 shares of the company’s stock traded hands. Waste Connections has a 52-week low of $39.69 and a 52-week high of $49.42. The stock’s 50-day moving average is $48.13 and its 200-day moving average is $45.5. The company has a market cap of $6.051 billion and a P/E ratio of 27.34.
Waste Connections (NYSE:WCN) last released its earnings data on Monday, July 21st. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.01. The company had revenue of $524.70 million for the quarter, compared to the consensus estimate of $519.28 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts predict that Waste Connections will post $1.99 earnings per share for the current fiscal year.
Waste Connections, Inc (NYSE:WCN) is an integrated municipal solid waste (MSW), services company that provides solid waste collection, transfer, disposal and recycling services in the United States.
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