Waste Connections (TSE:WCN) Hits New 1-Year High at $194.70

Shares of Waste Connections, Inc. (TSE:WCNGet Rating) reached a new 52-week high during trading on Tuesday . The company traded as high as C$194.70 and last traded at C$192.10, with a volume of 28574 shares. The stock had previously closed at C$193.07.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WCN. Morgan Stanley decreased their price objective on shares of Waste Connections to C$138.00 and set a “buy” rating on the stock in a report on Wednesday, June 22nd. Atb Cap Markets raised Waste Connections from a “sector perform” rating to an “outperform” rating in a research report on Thursday, August 4th. Finally, ATB Capital lifted their target price on Waste Connections from C$170.00 to C$180.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Waste Connections has a consensus rating of “Moderate Buy” and a consensus target price of C$146.43.

Waste Connections Trading Down 0.2 %

The business has a fifty day moving average of C$179.39 and a 200-day moving average of C$170.84. The stock has a market capitalization of C$49.39 billion and a price-to-earnings ratio of 54.87. The company has a debt-to-equity ratio of 84.89, a current ratio of 0.94 and a quick ratio of 0.76.

Waste Connections (TSE:WCNGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported C$1.28 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.23 by C$0.05. The company had revenue of C$2.32 billion during the quarter, compared to analysts’ expectations of C$2.32 billion. On average, equities analysts anticipate that Waste Connections, Inc. will post 4.5100002 earnings per share for the current fiscal year.

Waste Connections Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 18th were paid a $0.294 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $1.18 dividend on an annualized basis and a yield of 0.61%. Waste Connections’s payout ratio is presently 34.57%.

Insiders Place Their Bets

In other news, Director William J. Razzouk sold 3,073 shares of Waste Connections stock in a transaction dated Monday, August 8th. The shares were sold at an average price of C$180.55, for a total transaction of C$554,825.23. Following the sale, the director now directly owns 5,017 shares in the company, valued at approximately C$905,811.32. In related news, Director William J. Razzouk sold 3,073 shares of Waste Connections stock in a transaction dated Monday, August 8th. The shares were sold at an average price of C$180.55, for a total transaction of C$554,825.23. Following the completion of the transaction, the director now directly owns 5,017 shares of the company’s stock, valued at approximately C$905,811.32. Also, Senior Officer Patrick J. Shea sold 7,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of C$187.38, for a total transaction of C$1,311,679.74. Following the completion of the transaction, the insider now directly owns 12,813 shares of the company’s stock, valued at C$2,400,936.07.

About Waste Connections

(Get Rating)

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.

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