ATB Capital Increases Waste Connections (TSE:WCN) Price Target to C$255.00

Waste Connections (TSE:WCN) had its price target increased by ATB Capital from C$240.00 to C$255.00 in a report issued on Friday, BayStreet.CA reports.

Waste Connections Stock Performance

Shares of TSE:WCN opened at C$243.85 on Friday. The firm has a market capitalization of C$62.90 billion, a PE ratio of 59.33, a P/E/G ratio of 2.22 and a beta of 0.67. The company has a debt-to-equity ratio of 104.12, a current ratio of 0.75 and a quick ratio of 0.74. The business has a 50-day moving average of C$236.78 and a two-hundred day moving average of C$227.60. Waste Connections has a 12 month low of C$174.74 and a 12 month high of C$251.99.

Waste Connections Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Wednesday, August 7th will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 7th. This is a positive change from Waste Connections’s previous quarterly dividend of $0.39. This represents a $1.56 annualized dividend and a yield of 0.64%. Waste Connections’s dividend payout ratio is currently 37.96%.

Insiders Place Their Bets

In related news, Director Michael W. Harlan sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$167.59, for a total transaction of C$251,387.85. In related news, Director Michael W. Harlan sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$167.59, for a total transaction of C$251,387.85. Also, Senior Officer Robert Andres Nielsen sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of C$166.00, for a total value of C$332,000.00. Insiders sold 4,500 shares of company stock worth $752,388 over the last three months. 0.22% of the stock is owned by insiders.

About Waste Connections

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.