State of New Jersey Common Pension Fund D Purchases 5,571 Shares of Waste Management, Inc. $WM

State of New Jersey Common Pension Fund D boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 4.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,314 shares of the business services provider’s stock after purchasing an additional 5,571 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Waste Management were worth $30,765,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WM. Vanguard Group Inc. increased its position in shares of Waste Management by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 37,662,207 shares of the business services provider’s stock valued at $8,617,866,000 after buying an additional 292,868 shares in the last quarter. Geode Capital Management LLC grew its stake in Waste Management by 1.5% in the second quarter. Geode Capital Management LLC now owns 8,647,146 shares of the business services provider’s stock valued at $1,972,856,000 after acquiring an additional 126,329 shares during the period. Ameriprise Financial Inc. raised its position in shares of Waste Management by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 5,390,971 shares of the business services provider’s stock worth $1,232,131,000 after purchasing an additional 74,528 shares during the period. Norges Bank bought a new position in shares of Waste Management during the 2nd quarter valued at about $1,064,206,000. Finally, Amundi grew its position in shares of Waste Management by 8.6% in the 2nd quarter. Amundi now owns 3,596,281 shares of the business services provider’s stock valued at $804,809,000 after purchasing an additional 284,733 shares during the period. 80.40% of the stock is owned by institutional investors.

Key Stories Impacting Waste Management

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Independent valuation suggests WM is materially undervalued — a Yahoo Finance analysis estimates intrinsic value implying roughly a 22% upside versus the current price; that type of third‑party valuation can attract value-focused buyers. An Intrinsic Calculation For Waste Management, Inc. (NYSE:WM) Suggests It’s 22% Undervalued
• Positive Sentiment: Private‑equity M&A activity in the waste sector — Platinum Equity’s sale of Urbaser to Blackstone/EQT for $6.6B — highlights strong deal appetite and could re‑rate sector multiples if buyers pay premiums for scale and stable cash flows. Platinum Equity to sell waste management firm Urbaser to Blackstone, EQT for $6.6 billion
• Neutral Sentiment: Recent quarterly results showed revenue growth but a slight EPS miss vs. consensus (reported $1.93 vs. $1.95) and mixed analyst moves; consensus remains a Moderate Buy with a mid‑$250s price target—supportive longer‑term but not a catalyst by itself. MarketBeat coverage summarizing earnings and analyst commentary
• Negative Sentiment: Significant insider selling by senior executives — recent filings show the CEO sold multi‑million dollars of stock (reports: ~$1.32M and ~$7.00M) — which can spook some investors even when sales are pre‑planned or for diversification. Waste Management (NYSE:WM) CEO Sells $1,317,344.22 in Stock Waste Management (NYSE:WM) CEO Sells $7,000,640.40 in Stock
• Negative Sentiment: Additional insider disposals include CAO John Carroll selling 1,021 shares (SEC filing) and another director sale; smaller on an absolute basis but contributes to near‑term negative optics. John Carroll Sells 1,021 Shares of Waste Management (NYSE:WM) Stock James Fish, Jr. Sells 657 Shares of Waste Management (NYSE:WM) Stock

Insider Transactions at Waste Management

In other news, CEO James C. Fish, Jr. sold 5,706 shares of Waste Management stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $230.87, for a total value of $1,317,344.22. Following the completion of the transaction, the chief executive officer owned 220,087 shares of the company’s stock, valued at $50,811,485.69. This trade represents a 2.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Charles C. Boettcher sold 689 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $219.32, for a total transaction of $151,111.48. Following the completion of the sale, the executive vice president directly owned 56,159 shares in the company, valued at approximately $12,316,791.88. The trade was a 1.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 44,580 shares of company stock valued at $10,198,938. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on WM shares. Scotiabank restated a “sector perform” rating and set a $250.00 target price (down from $254.00) on shares of Waste Management in a report on Wednesday, January 21st. Morgan Stanley dropped their price objective on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. JPMorgan Chase & Co. upped their target price on shares of Waste Management from $255.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. Truist Financial set a $260.00 target price on Waste Management in a report on Wednesday, October 29th. Finally, Oppenheimer boosted their price target on Waste Management from $263.00 to $264.00 and gave the company an “outperform” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $253.55.

Waste Management Price Performance

Shares of NYSE WM opened at $234.07 on Monday. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. The stock has a market capitalization of $94.41 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.48 and a beta of 0.58. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.85. The business has a 50-day moving average of $221.94 and a 200-day moving average of $219.17.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.02). The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.39 billion. Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company posted $1.70 earnings per share. As a group, sell-side analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.