This Insider Has Just Sold Shares In Waste Connections, Inc. (NYSE:WCN)

Some Waste Connections, Inc. (NYSE:WCN) shareholders may be a little concerned to see that the President, Worthing Jackman, recently sold a whopping US$1.7m worth of stock at a price of US$92.26 per share. That's a big dump, and it decreased their holding size by 14%, which is notable but not too bad.

See our latest analysis for Waste Connections

Waste Connections Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Independent Director, Edward Guillet, sold US$1.8m worth of shares at a price of US$90.41 per share. That means that an insider was selling shares at below the current price (US$91.71). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 33% of Edward Guillet's stake.

In the last year Waste Connections insiders didn't buy any company stock. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership of Waste Connections

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.3% of Waste Connections shares, worth about US$64m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Waste Connections Insider Transactions Indicate?

Insiders sold Waste Connections shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, Waste Connections makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 1 warning sign for Waste Connections you should be aware of.

But note: Waste Connections may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Thank you for reading.