GuruFocus - On September 3, 2024, Director Edward Guillet sold 8,000 shares of Waste Connections Inc (TSX:WCN) (NYSE:WCN) at a price of $184.83 per share. The transaction, detailed in the SEC Filing, resulted in a total sale amount of $1,478,640. Following this transaction, the insider now owns 23,600 shares of the company.
Waste Connections Inc is a North American integrated waste services company that provides waste collection, transfer, disposal, and recycling services, primarily of solid waste.
Over the past year, Edward Guillet has sold a total of 10,000 shares of Waste Connections Inc and has not made any purchases of the stock. This recent sale is part of a broader trend observed within the company, where there have been 20 insider sells and no insider buys over the past year.
Shares of Waste Connections Inc were trading at $184.83 on the day of the sale, giving the company a market cap of approximately $47.70 billion. The price-earnings ratio of the company stands at 55.36, which is significantly higher than both the industry median of 19.555 and the company's historical median.
The stock's GF Value is estimated at $173.18, leading to a price-to-GF-Value ratio of 1.07, indicating that the stock is Fairly Valued.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future prospects and current valuation.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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