Waste Connections Inc (TSE:WCN) insider Worthing F. Jackman sold 30,000 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of C$65.00, for a total value of C$1,950,000.00.
Waste Connections Inc (TSE:WCN) traded down 1.61% during mid-day trading on Friday, hitting $80.06. The stock had a trading volume of 191,925 shares. Waste Connections Inc has a 12-month low of $63.11 and a 12-month high of $88.94. The company has a 50-day moving average of $81.92 and a 200-day moving average of $80.54. The stock has a market cap of $21.09 billion and a price-to-earnings ratio of 68.08.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Tuesday, August 8th will be given a $0.12 dividend. The ex-dividend date is Friday, August 4th. This represents a $0.48 annualized dividend and a yield of 0.60%.
A number of research analysts recently issued reports on the company. Credit Suisse Group raised their price target on Waste Connections to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. Raymond James Financial, Inc. lifted their target price on Waste Connections from C$72.00 to C$76.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Waste Connections in a research note on Tuesday, June 13th. TD Securities lifted their target price on Waste Connections to C$91.00 and gave the company a “hold” rating in a research note on Thursday, July 27th. Finally, Barclays PLC raised their price target on Waste Connections from C$96.00 to C$136.00 in a report on Wednesday, June 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$87.00.
About Waste Connections
Waste Connections, Inc, a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, office paper, plastic containers, glass bottles, and ferrous and aluminum metals.
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