The Executive Vice-President & Chief Operating Office of Waste Connections is Exercising Options

By Carrie Williams

Yesterday it was reported that the Executive Vice-President & Chief Operating Office of Waste Connections (WCNResearch Report), Darrell W Chambliss, exercised options to sell 2,374 WCN shares for a total transaction value of $236.9K.

In addition to Darrell W Chambliss, 32 other WCN executives reported Sell trades in the last month. This recent transaction decreases Darrell W Chambliss’ holding in the company by 4% to a total of $10.33 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. WCN’s market cap is $25.58 billion and the company has a P/E ratio of 127.70.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $118.80, reflecting a -16.8% 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.

Darrell W Chambliss’ trades have generated a -16.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.