Waste Connections (TSE:WCN) Sets New 12-Month High – Here’s What Happened

Shares of Waste Connections, Inc. (TSE:WCN) reached a new 52-week high during trading on Thursday . The company traded as high as C$263.95 and last traded at C$263.56, with a volume of 65091 shares changing hands. The stock had previously closed at C$260.80.

Wall Street Analysts Forecast Growth

WCN has been the subject of a number of research analyst reports. ATB Capital increased their target price on Waste Connections from C$255.00 to C$260.00 in a report on Friday, October 25th. Scotiabank upgraded Waste Connections to a “hold” rating in a research report on Friday, October 4th. Finally, Eight Capital set a C$270.00 target price on Waste Connections and gave the company a “neutral” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$205.10.

Waste Connections Trading Up 1.2 %

The company has a 50 day moving average of C$249.30 and a 200 day moving average of C$242.36. The firm has a market cap of C$68.11 billion, a P/E ratio of 57.83, a PEG ratio of 2.22 and a beta of 0.72. The company has a debt-to-equity ratio of 100.60, a quick ratio of 0.74 and a current ratio of 0.70.

Waste Connections Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be paid a $0.426 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 0.65%. This is an increase from Waste Connections’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, November 7th. Waste Connections’s dividend payout ratio (DPR) is presently 34.37%.

Insider Activity

In related news, Director Edward E. Guillet sold 8,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$249.52, for a total transaction of C$1,996,164.00. Also, Senior Officer Robert Andres Nielsen sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of C$260.63, for a total value of C$260,625.00. Insiders have sold a total of 9,571 shares of company stock valued at $2,400,841 over the last 90 days. 0.21% of the stock is currently owned by company insiders.

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.