Waste Connections Inc (NYSE:WCN) was the target of unusually large options trading activity on Monday. Stock traders purchased 4,000 put options on the stock. This is an increase of 645% compared to the typical daily volume of 537 put options.
In other Waste Connections news, CEO Ronald J. Mittelstaedt sold 45,000 shares of Waste Connections stock in a transaction on Friday, March 9th. The shares were sold at an average price of $73.32, for a total value of $3,299,400.00. Following the transaction, the chief executive officer now directly owns 100,462 shares of the company’s stock, valued at $7,365,873.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David Eddie sold 6,071 shares of Waste Connections stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.06, for a total transaction of $431,405.26. The disclosure for this sale can be found here. Insiders sold 67,571 shares of company stock worth $4,911,600 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. acquired a new position in Waste Connections during the third quarter valued at $103,000. Cerebellum GP LLC acquired a new position in Waste Connections during the fourth quarter valued at $125,000. SG Americas Securities LLC acquired a new position in Waste Connections during the fourth quarter valued at $194,000. Timber Hill LLC acquired a new position in Waste Connections during the fourth quarter valued at $206,000. Finally, Advisor Partners LLC acquired a new position in Waste Connections during the fourth quarter valued at $216,000. Institutional investors own 84.33% of the company’s stock.
Waste Connections (WCN) opened at $73.78 on Tuesday. The stock has a market cap of $19,330.00, a price-to-earnings ratio of 33.84, a P/E/G ratio of 2.72 and a beta of 0.19. Waste Connections has a 1 year low of $56.81 and a 1 year high of $74.28. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63.
Waste Connections (NYSE:WCN) last posted its earnings results on Wednesday, February 14th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Waste Connections had a net margin of 12.46% and a return on equity of 9.63%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. equities analysts anticipate that Waste Connections will post 2.52 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. Waste Connections’s dividend payout ratio is presently 25.69%.
About Waste Connections
Waste Connections, Inc is a solid waste services company in North America. The Company provides waste collection, transfer, disposal and recycling services in markets in the United States and Canada. The Company operates through six segments: Southern segment, Western segment, Eastern segment, Canada segment, Central segment and E&P segment.
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