Waste Connections Inc. (WCN): Today's Featured Materials & Construction Loser

Waste Connections ( WCN) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction loser. The industry as a whole closed the day up 2%. By the end of trading, Waste Connections fell 59 cents (-2%) to $29.38 on heavy volume. Throughout the day, 1.6 million shares of Waste Connections exchanged hands as compared to its average daily volume of 732,500 shares. The stock ranged in price between $29.10-$30.04 after having opened the day at $29.97 as compared to the previous trading day's close of $29.97. Other company's within the Materials & Construction industry that declined today were: Cementos Pacasmayo SAA ADR ( CPAC), down 4%, Real Goods Solar ( RSOL), down 3.9%, Patrick Industries ( PATK), down 3.6%, and Integrated Electrical Services ( IESC), down 3.2%.

Waste Connections, Inc., an integrated solid waste services company, provides solid waste collection, transfer, disposal, and recycling services. Waste Connections has a market cap of $3.68 billion and is part of the industrial goods sector. The company has a P/E ratio of 21.3, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 10.1% year to date as of the close of trading on Monday. Currently there are five analysts that rate Waste Connections a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Waste Connections as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, India Globalization Capital ( IGC), up 21.2%, Goldfield ( GV), up 7.6%, Louisiana-Pacific ( LPX), up 6.9%, and LSB Industries ( LXU), up 6.3%, were all gainers within the materials & construction industry with Fluor Corporation ( FLR) being today's featured materials & construction industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the materials & construction industry could consider SPDR S&P Homebuilders ETF ( XHB) while those bearish on the materials & construction industry could consider ProShares Short Basic Materials Fd ( SBM).
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