BT Investment Management Ltd Increases Position in Waste Management, Inc. (WM)
BT Investment Management Ltd boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,215 shares of the business services provider’s stock after acquiring an additional 9,773 shares during the period. BT Investment Management Ltd’s holdings in Waste Management were worth $13,481,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. MHI Funds LLC purchased a new stake in shares of Waste Management in the 4th quarter valued at approximately $184,000. Cerebellum GP LLC purchased a new stake in shares of Waste Management in the 4th quarter valued at approximately $186,000. FTB Advisors Inc. grew its stake in shares of Waste Management by 44.2% in the 4th quarter. FTB Advisors Inc. now owns 2,285 shares of the business services provider’s stock valued at $197,000 after buying an additional 700 shares during the period. Court Place Advisors LLC purchased a new stake in shares of Waste Management in the 4th quarter valued at approximately $204,000. Finally, Horan Capital Advisors LLC. purchased a new stake in shares of Waste Management in the 3rd quarter valued at approximately $186,000. 75.47% of the stock is owned by institutional investors.
Waste Management, Inc. (NYSE:WM) opened at $81.73 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60. Waste Management, Inc. has a fifty-two week low of $69.55 and a fifty-two week high of $89.73. The company has a market cap of $35,490.00, a P/E ratio of 26.28, a PEG ratio of 2.45 and a beta of 0.70.
In other news, SVP Barry H. Caldwell sold 1,650 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total value of $133,815.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Patrick W. Gross sold 387 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $88.30, for a total transaction of $34,172.10. Following the completion of the transaction, the director now owns 30,673 shares in the company, valued at $2,708,425.90. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.
Several analysts have recently weighed in on WM shares. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research note on Monday, January 8th. Stifel Nicolaus reissued a “buy” rating and issued a $100.00 price target on shares of Waste Management in a research note on Thursday, January 4th. Credit Suisse Group set a $90.00 price target on shares of Waste Management and gave the company a “buy” rating in a research note on Monday, October 30th. KeyCorp reissued a “buy” rating and issued a $88.00 price target on shares of Waste Management in a research note on Friday, October 27th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $85.00 price target on shares of Waste Management in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Waste Management presently has a consensus rating of “Buy” and an average price target of $86.78.
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About Waste Management
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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