Waste Connections (NYSE:WCN) VP Sells $1,171,950.00 in Stock

Waste Connections, Inc. (NYSE:WCN) VP Patrick James Shea sold 7,500 shares of Waste Connections stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $156.26, for a total transaction of $1,171,950.00. Following the completion of the transaction, the vice president owned 19,737 shares of the company’s stock, valued at $3,084,103.62. The trade was a 27.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Waste Connections Stock Down 2.1%

WCN opened at $155.63 on Friday. The company has a 50 day moving average of $157.82 and a 200 day moving average of $165.22. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.13. Waste Connections, Inc. has a 12 month low of $146.89 and a 12 month high of $192.72. The company has a market cap of $39.49 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 2.82 and a beta of 0.51.

Waste Connections (NYSE:WCN) last posted its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.50 billion. Waste Connections had a return on equity of 16.49% and a net margin of 10.97%.The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the company earned $1.13 earnings per share. On average, sell-side analysts expect that Waste Connections, Inc. will post 5.5 EPS for the current year.

Waste Connections Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Wednesday, May 6th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, May 6th. Waste Connections’s payout ratio is presently 34.15%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WCN shares. The Goldman Sachs Group reissued a “buy” rating and issued a $211.00 price target on shares of Waste Connections in a report on Thursday, April 23rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $208.00 target price (up from $206.00) on shares of Waste Connections in a report on Friday, April 24th. Barclays set a $180.00 target price on shares of Waste Connections and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Weiss Ratings downgraded shares of Waste Connections from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $218.00 price target (up from $210.00) on shares of Waste Connections in a research report on Friday, April 24th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Waste Connections has a consensus rating of “Moderate Buy” and an average target price of $202.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. City Holding Co. purchased a new stake in Waste Connections in the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC purchased a new position in Waste Connections in the 3rd quarter worth approximately $26,000. Transamerica Financial Advisors LLC grew its stake in Waste Connections by 346.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 174 shares of the business services provider’s stock worth $31,000 after buying an additional 135 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Waste Connections in the 3rd quarter worth $30,000. Finally, Whipplewood Advisors LLC increased its holdings in shares of Waste Connections by 1,166.7% in the 1st quarter. Whipplewood Advisors LLC now owns 190 shares of the business services provider’s stock worth $31,000 after buying an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Waste Connections Company Profile

Waste Connections (NYSE: WCN) is a North American integrated waste services company that provides a range of solid waste and environmental services to municipal, commercial, industrial and residential customers. The company offers collection, transportation, transfer, disposal and recycling services, and operates an extensive network of transfer stations and disposal facilities. Waste Connections positions itself as a provider of infrastructure-driven waste solutions across many regions of the United States and Canada.

The company’s operating activities include routine curbside and commercial collection, roll-off and container services, operation of landfills and transfer stations, and recycling and resource recovery programs.