Investors may wish to note that the Chief Accounting Officer & Senior VP of Waste Connections, Inc., David Eddie, recently netted US$85k from selling stock, receiving an average price of US$90.55. On the bright side, that’s just a small sale and only reduced their holding by 2.2%.
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. So what is clear is that an insider saw fit to sell at around the current price of US$89.38. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn’t a major concern, though it’s hardly a good sign.
Over the last year, we note insiders sold 79572 shares worth US$7.2m. Waste Connections insiders didn’t buy any shares over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. It appears that Waste Connections insiders own 0.2% of the company, worth about US$52m. We’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Waste Connections Insider Transactions Indicate?
Insiders sold Waste Connections shares recently, but they didn’t buy any. And there weren’t any purchases to give us comfort, over the last year. While insiders do own shares, they don’t own a heap, and they have been selling. We’re in no rush to buy! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Waste Connections.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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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