Waste Connections (TSE:WCN) Sets New 1-Year High – What’s Next?

Waste Connections, Inc. (TSE:WCN) shares reached a new 52-week high on Wednesday . The company traded as high as C$254.29 and last traded at C$250.61, with a volume of 9002 shares changing hands. The stock had previously closed at C$247.37.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. ATB Capital increased their price target on Waste Connections from C$255.00 to C$260.00 in a research note on Friday, October 25th. Eight Capital set a C$270.00 price target on Waste Connections and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Scotiabank upgraded Waste Connections to a “hold” rating in a research note on Friday, October 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$205.10.

Waste Connections Stock Up 1.5 %

The company has a current ratio of 0.70, a quick ratio of 0.74 and a debt-to-equity ratio of 100.60. The stock has a market cap of C$66.06 billion, a P/E ratio of 56.77, a PEG ratio of 2.22 and a beta of 0.72. The firm has a 50-day simple moving average of C$247.67 and a two-hundred day simple moving average of C$240.41.

Waste Connections Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be given a $0.426 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 0.67%. This is a boost from Waste Connections’s previous quarterly dividend of $0.39. Waste Connections’s dividend payout ratio (DPR) is presently 34.37%.

Insider Buying and Selling

In related news, Senior Officer Robert Andres Nielsen sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of C$181.75, for a total value of C$90,875.00. In related news, Director Edward E. Guillet sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$249.52, for a total value of C$1,996,164.00. Also, Senior Officer Robert Andres Nielsen sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of C$181.75, for a total value of C$90,875.00. Over the last quarter, insiders have sold 9,071 shares of company stock worth $2,231,091. Company insiders own 0.21% 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.