Waste Management, Inc. $WM Shares Bought by Northeast Investment Management

Northeast Investment Management lifted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 137,657 shares of the business services provider’s stock after buying an additional 3,348 shares during the period. Waste Management makes up about 1.2% of Northeast Investment Management’s portfolio, making the stock its 26th biggest holding. Northeast Investment Management’s holdings in Waste Management were worth $30,399,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after buying an additional 2,320 shares during the period. Sprott Inc. purchased a new position in Waste Management in the 1st quarter worth approximately $325,000. Signature Estate & Investment Advisors LLC grew its position in Waste Management by 4.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 1,347 shares of the business services provider’s stock valued at $308,000 after acquiring an additional 62 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Waste Management during the second quarter valued at approximately $6,865,000. Finally, Balboa Wealth Partners lifted its position in shares of Waste Management by 59.0% during the second quarter. Balboa Wealth Partners now owns 1,957 shares of the business services provider’s stock worth $448,000 after purchasing an additional 726 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Price Performance

Shares of NYSE WM opened at $234.93 on Wednesday. The business has a 50 day simple moving average of $222.94 and a 200-day simple moving average of $219.25. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $242.58. The company has a market capitalization of $94.76 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.22.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.39 billion. Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 EPS. As a group, equities research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Insider Buying and Selling at Waste Management

In other news, SVP Johnson Varkey sold 428 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $219.63, for a total transaction of $94,001.64. Following the sale, the senior vice president directly owned 10,224 shares in the company, valued at approximately $2,245,497.12. This represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Rafael Carrasco sold 7,352 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $234.50, for a total value of $1,724,044.00. Following the completion of the sale, the senior vice president directly owned 15,540 shares in the company, valued at approximately $3,644,130. This trade represents a 32.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 64,126 shares of company stock worth $14,770,037. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WM has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on shares of Waste Management from $223.00 to $235.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Scotiabank reiterated a “sector perform” rating and issued a $250.00 price target (down previously from $254.00) on shares of Waste Management in a research note on Wednesday, January 21st. DZ Bank assumed coverage on Waste Management in a research note on Tuesday, November 25th. They set a “buy” rating and a $250.00 price objective for the company. Robert W. Baird upgraded Waste Management from a “neutral” rating to an “outperform” rating and increased their target price for the company from $238.00 to $242.00 in a research note on Tuesday, November 4th. Finally, Canadian Imperial Bank of Commerce dropped their price target on shares of Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.55.

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.