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

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

Waste Connections Price Performance

Waste Connections stock opened at C$247.71 on Friday. The firm 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 52-week low of C$174.74 and a 52-week high of C$252.91. 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 firm has a market capitalization of C$63.90 billion, a P/E ratio of 55.05, a PEG ratio of 2.22 and a beta of 0.71.

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

Waste Connections Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, ATB Capital upped their price target on Waste Connections from C$240.00 to C$255.00 in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$196.10.

About Waste Connections

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.