From MarketBeat:

Waste Connections, Inc. saw a significant 21.0% drop in short interest in December, with a total of 2,180,000 shares being shorted. Currently, 0.9% of the company’s shares are being sold short, with a days-to-cover ratio of 1.9 days based on a 1,150,000 shares average daily trading volume.

The stock of Waste Connections is trading up 0.3% as shares reached $149.27 during midday trading on Friday, with an average of 1,029,717 trading volume. The stock has a market cap of $38.46 billion and a PE ratio of 46.36.

Waste Connections last reported earnings in October, beating the consensus EPS of $1.14 with a $1.17 EPS, along with a 9.8% increase in quarterly revenue. Analysts predict that Waste Connections will post 4.18 EPS for the current fiscal year.

Waste Connections announced a positive change in its quarterly dividend, increasing it to $0.285 per share, representing a $1.14 dividend on an annualized basis and a yield of 0.76%. The company’s dividend payout ratio (DPR) is currently 35.40%.

SVP Philip Rivard sold 5,097 shares of Waste Connections stock at an average price of $146.26, representing a total value of $745,487.22. Corporate insiders now own 0.35% of the company’s stock.

In addition to insider transactions, several hedge funds and other institutional investors recently bought and sold shares of WCN. Institutional investors own 85.02% of the company’s stock.

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada, catering to residential, commercial, municipal, industrial, and exploration and production (E&P) customers.

As a group, analysts forecast that Waste Connections will post 4.18 EPS for the current fiscal year. Despite having a “Moderate Buy” rating, top-rated analysts believe other stocks are better buys.

Waste Connections last released its earnings results on Wednesday, October 25th, which included a $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.03.

In the month of December, there was a 21.0% drop in short interest for Waste Connections, Inc., with 2,180,000 shares being sold short. Currently, 0.9% of the company’s shares are being sold short, and the days-to-cover ratio is presently 1.9 days.

The business also recently disclosed a quarterly dividend, which increased to $0.285 per share. Investors of record on Wednesday, November 8th were issued a dividend of $0.285 per share.

Company insiders own 0.35% of Waste Connections’ stock. Alongside insider transactions, several hedge funds and institutional investors have recently traded WCN shares.



Read more: Waste Connections, Inc. (NYSE:WCN) Sees Significant Decline in Short Interest