Insider Selling: Waste Connections Inc (WCN) Director Sells 11,500 Shares of Stock
Waste Connections Inc (TSE:WCN) Director Edward E. Guillet sold 11,500 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of C$65.27, for a total transaction of C$750,605.00.
Waste Connections Inc (TSE:WCN) traded up 0.32% during trading on Friday, reaching $82.20. 169,845 shares of the company’s stock traded hands. The company has a market capitalization of $21.65 billion and a price-to-earnings ratio of 69.90. Waste Connections Inc has a 12 month low of $63.11 and a 12 month high of $88.94. The firm’s 50 day moving average is $83.63 and its 200-day moving average is $79.62.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Tuesday, August 8th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 4th. This represents a $0.48 annualized dividend and a yield of 0.58%.
A number of analysts recently weighed in on WCN shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Waste Connections in a report on Wednesday, April 19th. Barclays PLC increased their price objective on shares of Waste Connections from C$133.00 to C$136.00 in a report on Friday, April 28th. TD Securities raised their target price on shares of Waste Connections to C$136.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Finally, Credit Suisse Group raised their target price on shares of Waste Connections to C$75.00 and gave the company an “outperform” rating in a research note on Thursday, June 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$87.00.
About Waste Connections
Waste Connections, Inc, a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.
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