Waste Connections Inc (NYSE: WCN) is 12.08% higher on its value in year-to-date trading and has touched a low of $126.12 and a high of $173.02 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WCN stock was last observed hovering at around $168.27 in the last trading session, with the day’s loss setting it -0.97%.
Currently trading at $167.30, the stock is -1.54% and 1.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing -0.58% at the moment leaves the stock 14.75% off its SMA200. WCN registered 19.96% gain for a year compared to 6-month gain of 25.68%. The firm has a 50-day simple moving average (SMA 50) of $6.24 and a 200-day simple moving average (SMA200) of $22.13.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -0.11% loss in the last 1 month and extending the period to 3 months gives it a 13.45%, and is -2.56% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.31% over the week and 1.17% over the month.
Waste Connections Inc (WCN) has around 22539 employees, a market worth around $43.11B and $8.02B in sales. Current P/E ratio is 56.62 and Fwd P/E is 30.53. Profit margin for the company is 9.51%. Distance from 52-week low is 32.65% and -3.31% from its 52-week high. The company has generated returns on investments over the last 12 months (5.20%).
Waste Connections Inc quarterly earnings per share for the current quarter are estimated at $1.01 with sales reaching $2.05B over the same period.The EPS is expected to grow by 14.50% this year, but quarterly earnings will post 9.40% year-over-year. Quarterly sales are estimated to grow 8.10% in year-over-year returns.
988 institutions hold shares in Waste Connections Inc (WCN), with institutional investors hold 90.00% of the company’s shares. The shares outstanding are 257.60M, and float is at 256.76M with Short Float at 0.49%. Institutions hold 89.75% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 28.03 million shares valued at $4.01 billion. The investor’s holdings represent 10.88% of the WCN Shares outstanding. As of Sep 29, 2023, the second largest holder is WCM Investment Management, LLC with 10.22 million shares valued at $1.37 billion to account for 3.97% of the shares outstanding. The other top investors are T. Rowe Price Investment Management, Inc. which holds 9.87 million shares representing 3.83% and valued at over $1.41 billion, while Capital International Investors holds 3.76% of the shares totaling 9.69 million with a market value of $1.39 billion.
Waste Connections Inc (WCN) Insider Activity
The most recent transaction is an insider sale by LITTLE JAMES, the company’s Executive VP Engineering. SEC filings show that LITTLE JAMES sold 6,000 shares of the company’s common stock on Mar 07 ’24 at a price of $168.64 per share for a total of $1.01 million. Following the sale, the insider now owns 28215.0 shares.
Waste Connections Inc disclosed in a document filed with the SEC on Mar 07 ’24 that GUILLET EDWARD E (Director) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $168.79 per share for $0.34 million. Following the transaction, the insider now directly holds 31600.0 shares of the WCN stock.
Still, SEC filings show that on Feb 26 ’24, RIVARD PHILIP (SR VP Business Development) disposed off 1,250 shares at an average price of $170.21 for $0.21 million. The insider now directly holds 3,526 shares of Waste Connections Inc (WCN).
