Senior Officer at Waste Connections Sells Shares

A senior officer at Waste Connections, Inc., Robert Michael Cloninger, has recently sold 3,746 shares of the company's stock. The transaction took place on Friday, February 23rd, with the shares being sold at an average price of C$170.21 per share. This equated to a total transaction value of C$637,613.03. This move comes amidst changes in the company's stock value and financial performance.

Waste Connections Stock Experiences Slight Decline

On the day following the transaction, Waste Connections' stock opened at C$227.78, indicating a minor decline of 0.8%. Despite this, the company's financial health seems solid, with a debt-to-equity ratio of 91.42, a current ratio of 0.68, and a quick ratio of 0.74. Furthermore, the company boasts a significant market cap of C$58.69 billion and maintains a stable stock performance with a 50-day moving average of C$207.48 and a 200-day moving average of C$193.89. Over the past year, the company's stock has seen a low and high of C$174.74 and C$231.95, respectively.

Dividend and Payout Adjustments

After recent developments, Waste Connections has announced that it will pay a quarterly dividend of $0.383 per share on March 13th to investors who hold shares as of February 28th. This dividend reflects a yield of 0.67% and an annualized payout of $1.53. The company's payout ratio currently stands at 38.44%, demonstrating a balance in returning profits to shareholders while also retaining earnings for growth.

Analyst Views on Waste Connections

Several analysts have weighed in on the prospects of Waste Connections, with varying opinions and price target adjustments. ATB Capital, for example, has downgraded the company from an 'outperform' rating to a 'sector perform' rating, though they have increased their price target from C$200.00 to C$235.00. Conversely, the Royal Bank of Canada has maintained an 'outperform' rating while raising their price target from C$169.00 to C$182.00. Among other analyst opinions, three have rated the stock as a 'hold' while two consider it a 'buy'. The consensus amongst these analysts points to a 'Hold' rating for Waste Connections with an average price target of C$192.10.

Company Profile of Waste Connections

Waste Connections, Inc. operates in the United States and Canada, providing non-hazardous waste collection, transfer, disposal, and resource recovery services. The company caters to a diverse range of customers, including residential, commercial, municipal, industrial, and exploration and production sectors. Alongside its core waste management services, Waste Connections also focuses on recycling, handling materials like compost, cardboard, mixed paper, plastic containers, as well as glass, ferrous, and aluminum metals.

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