Waste Connections (TSE:WCN) Sets New 12-Month High at $234.92

Waste Connections, Inc. (TSE:WCN)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$234.92 and last traded at C$234.92, with a volume of 49198 shares trading hands. The stock had previously closed at C$231.56.

Analyst Ratings Changes

Separately, ATB Capital lifted their target price on shares of Waste Connections from C$235.00 to C$240.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$193.10.

Waste Connections Stock Up 2.6 %

The company has a market capitalization of C$61.29 billion, a PE ratio of 56.72, a P/E/G ratio of 2.22 and a beta of 0.67. The company has a debt-to-equity ratio of 104.12, a quick ratio of 0.74 and a current ratio of 0.75. The company’s 50-day moving average is C$226.82 and its 200 day moving average is C$217.09.

Waste Connections (TSE:WCN) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$1.40 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.38 by C$0.02. Waste Connections had a net margin of 9.70% and a return on equity of 10.57%. The company had revenue of C$2.79 billion during the quarter, compared to analyst estimates of C$2.78 billion. As a group, analysts anticipate that Waste Connections, Inc. will post 8.888 EPS for the current year.

Waste Connections Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Wednesday, May 8th were paid a $0.385 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This is a positive change from Waste Connections’s previous quarterly dividend of $0.38. This represents a $1.54 dividend on an annualized basis and a dividend yield of 0.65%. Waste Connections’s payout ratio is currently 37.96%.

Insiders Place Their Bets

In related news, Senior Officer Robert Andres Nielsen sold 1,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of C$169.00, for a total transaction of C$169,000.00. In other news, Director Michael W. Harlan sold 1,500 shares of Waste Connections stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$167.59, for a total transaction of C$251,387.85. Also, Senior Officer Robert Andres Nielsen sold 1,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of C$169.00, for a total value of C$169,000.00. In the last quarter, insiders sold 4,500 shares of company stock valued at $752,388. Company insiders own 0.22% of the company’s stock.

Waste Connections Company Profile

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.