Waste Connections (TSE:WCN) Sets New 1-Year High at $252.68

Shares of Waste Connections, Inc. (TSE:WCN) reached a new 52-week high on Thursday . The company traded as high as C$252.68 and last traded at C$252.10, with a volume of 73450 shares. The stock had previously closed at C$251.50.

Wall Street Analysts Forecast Growth

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

Waste Connections Price Performance

The company has a market capitalization of C$65.17 billion, a P/E ratio of 55.90, a price-to-earnings-growth ratio of 2.22 and a beta of 0.72. 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 business’s 50-day moving average is C$247.97 and its two-hundred day moving average is C$235.81.

Waste Connections (TSE:WCN) last posted 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. The company had revenue of C$3.08 billion for the quarter, compared to analyst estimates of C$3.03 billion. Waste Connections had a net margin of 10.23% and a return on equity of 11.14%. As a group, analysts predict that Waste Connections, Inc. will post 10.0831994 earnings per share for the current year.

Waste Connections Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Wednesday, August 7th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Wednesday, August 7th. This is a boost from Waste Connections’s previous quarterly dividend of $0.39. Waste Connections’s dividend payout ratio is currently 34.37%.

Insiders Place Their Bets

In other Waste Connections news, Senior Officer Robert Andres Nielsen sold 571 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$252.28, for a total value of C$144,051.88. In related news, Senior Officer Robert Andres Nielsen sold 571 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of C$252.28, for a total transaction of C$144,051.88. Also, Senior Officer Mary Anne Whitney sold 16,300 shares of Waste Connections stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of C$178.05, for a total value of C$2,902,254.12. Over the last ninety days, insiders have sold 30,671 shares of company stock valued at $6,073,683. 0.21% of the stock is currently owned by corporate 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.