Waste Connections (TSE:WCN) Share Price Crosses Below 50 Day Moving Average of $248.55

Waste Connections, Inc. (TSE:WCN - Get Free Report)'s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$248.55 and traded as low as C$241.81. Waste Connections shares last traded at C$243.05, with a volume of 271,478 shares changing hands.

Wall Street Analyst Weigh In

Separately, ATB Capital lifted their price target on Waste Connections from C$240.00 to C$255.00 in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of C$196.10.

Waste Connections Stock Performance

The company has a debt-to-equity ratio of 100.60, a quick ratio of 0.74 and a current ratio of 0.70. The firm's 50 day moving average is C$248.55 and its 200-day moving average is C$236.63. The company has a market cap of C$62.69 billion, a PE ratio of 53.88, a PEG ratio of 2.22 and a beta of 0.72.

Waste Connections (TSE:WCN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The company reported C$1.70 EPS for the quarter, beating the consensus estimate of C$1.61 by C$0.09. Waste Connections had a return on equity of 11.14% and a net margin of 10.23%. The firm had revenue of C$3.08 billion during the quarter, compared to analysts' expectations of C$3.03 billion. On average, research analysts anticipate that Waste Connections, Inc. will post 10.0831994 earnings per share for the current fiscal year.

Waste Connections Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Wednesday, August 7th were given a dividend of $0.39 per share. This is a boost from Waste Connections's previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, August 7th. This represents a $1.56 annualized dividend and a dividend yield of 0.64%. Waste Connections's payout ratio is presently 34.37%.

Insider Activity at Waste Connections

In other news, Senior Officer Robert Andres Nielsen sold 500 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$181.75, for a total value of C$90,875.00. In related news, Senior Officer Susan Rhea Netherton sold 2,000 shares of the business's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of C$179.13, for a total value of C$358,262.60. Also, Senior Officer Robert Andres Nielsen sold 500 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of C$181.75, for a total transaction of C$90,875.00. Over the last quarter, insiders sold 30,671 shares of company stock valued at $6,073,683. 0.21% of the stock is owned by company 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.