Smarter Analyst

The Divisional Senior Vice-President of Waste Connections is Exercising Options

Today it was reported that the Divisional Senior Vice-President of Waste Connections (WCN), Matthew Stephen Black, exercised options to sell 766 WCN shares for a total transaction value of $76.45K.

In addition to Matthew Stephen Black, 32 other WCN executives reported Sell trades in the last month. This recent transaction decreases Matthew Stephen Black’s holding in the company by 8% to a total of $3.07 million.

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Based on Waste Connections’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.4 billion and quarterly net profit of $131 million. In comparison, last year the company earned revenue of $1.36 billion and had a net profit of $133 million. The company has a one-year high of $111.04 and a one-year low of $70.87. Currently, Waste Connections has an average volume of 331.89K.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $118.80, reflecting a -18.1% downside.

The insider sentiment on Waste Connections has been negative according to 124 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Waste Connections, Inc. engages in the provision of solid waste services. Its services include waste collection, transfer, disposal, treatment and recycling. It also provides non-hazardous exploration and production, waste treatment, recovery and disposal services. The company was founded by Ronald J. Mittelstaedt on September 9, 1997 and is headquartered in Vaughan, Canada.