Waste Connections Inc (NYSE: WCN) is 22.93% higher on its value in year-to-date trading and has touched a low of $130.33 and a high of $188.30 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 $183.73 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $183.50, the stock is 1.49% and 1.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing -0.13% at the moment leaves the stock 5.67% off its SMA200. WCN registered 36.92% gain for a year compared to 6-month gain of 9.49%. The firm has a 50-day simple moving average (SMA 50) of $180.8298 and a 200-day simple moving average (SMA200) of $173.6612.
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The stock witnessed a 0.59% loss in the last 1 month and extending the period to 3 months gives it a 0.44%, and is -0.29% 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 1.32% over the week and 1.49% over the month.
Waste Connections Inc (WCN) has around 22539 employees, a market worth around $66.65B and $8.69B in sales. Current P/E ratio is 50.46 and Fwd P/E is 33.96. Profit margin for the company is 10.81%. Distance from 52-week low is 40.80% and -2.55% from its 52-week high. The company has generated returns on investments over the last 12 months (5.63%).
with sales reaching $2.25B over the same period.The EPS is expected to grow by 15.37% this year, but quarterly earnings will post 11.03% year-over-year. Quarterly sales are estimated to grow 10.46% in year-over-year returns.
Waste Connections Inc (WCN) Top Institutional Holders
1092.0 institutions hold shares in Waste Connections Inc (WCN), with institutional investors hold 90.28% of the company’s shares. The shares outstanding are 257.60M, and float is at 257.39M with Short Float at 0.60%. Institutions hold 90.10% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 28.93 million shares valued at $5.07 billion. The investor’s holdings represent 11.2222% of the WCN Shares outstanding. As of 2024-06-30, the second largest holder is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with 12.4 million shares valued at $2.17 billion to account for 4.8096 of the shares outstanding. The other top investors are ROYAL BANK OF CANADA which holds 10.16 million shares representing 3.9426% and valued at over $1.78 billion, while WCM INVESTMENT MANAGEMENT, LLC holds 3.6228 of the shares totaling 9.34 million with a market value of $1.64 billion.
Waste Connections Inc (WCN) Insider Activity
The most recent transaction is an insider sale by NIELSEN III ROBERT, the company’s SR VP Operations. SEC filings show that NIELSEN III ROBERT sold 1,000 shares of the company’s common stock on Nov 12 ’24 at a price of $187.50 per share for a total of $0.19 million. Following the sale, the insider now owns 2250.0 shares.
Waste Connections Inc disclosed in a document filed with the SEC on Nov 11 ’24 that LITTLE JAMES (Executive VP Engineering) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Nov 11 ’24 and was made at $185.32 per share for $0.37 million. Following the transaction, the insider now directly holds 12317.0 shares of the WCN stock.
Still, SEC filings show that on Nov 11 ’24, JAMES AND MICHELLE LITTLE REV (Officer) Proposed Sale 2,000 shares at an average price of $185.32 for $0.37 million. The insider now directly holds shares of Waste Connections Inc (WCN).
