Insider Selling: Waste Connections (TSE:WCN) Insider Sells 5,000 Shares of Stock

Key Points

• Insider Selling: Patrick Shea, an insider at Waste Connections, sold 5,000 shares of the company for a total of C$1,290,045, representing a 19.48% decrease in his position.
• Stock Performance: Waste Connections' shares traded down 0.1% to C$246.06, with a market capitalization of C$63.27 billion and a PE ratio of 99.22.
• Analyst Upgrades: Multiple analysts have upgraded Waste Connections to a "strong-buy" rating, with a consensus target price of C$265.00 and five analysts rating it as a "Buy."

Waste Connections, Inc. (TSE:WCN - Get Free Report) insider Patrick J. Shea sold 5,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of C$258.01, for a total transaction of C$1,290,045.00. Following the completion of the transaction, the insider directly owned 20,671 shares in the company, valued at C$5,333,304.04. This represents a 19.48% decrease in their ownership of the stock.

Waste Connections Price Performance

Waste Connections stock traded down C$2.70 during midday trading on Friday, reaching C$243.84. The company had a trading volume of 331,627 shares, compared to its average volume of 302,500. The company has a debt-to-equity ratio of 102.69, a current ratio of 0.77 and a quick ratio of 0.74. The firm's fifty day simple moving average is C$253.47 and its 200-day simple moving average is C$262.28. Waste Connections, Inc. has a 12-month low of C$237.56 and a 12-month high of C$284.73. The company has a market capitalization of C$62.69 billion, a P/E ratio of 98.32, a P/E/G ratio of 2.22 and a beta of 0.40.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. National Bank Financial raised shares of Waste Connections to a "strong-buy" rating in a research note on Monday, May 26th. Atb Cap Markets raised shares of Waste Connections from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 24th. Finally, Melius Research raised shares of Waste Connections to a "strong-buy" rating in a research note on Monday, June 9th. Five research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Waste Connections presently has a consensus rating of "Buy" and a consensus price target of C$265.00.

Waste Connections Company Profile

Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets.