Burling Wealth Partners LLC Has $5.97 Million Holdings in Waste Management, Inc. $WM

Burling Wealth Partners LLC increased its stake in shares of Waste Management, Inc. (NYSE:WM) by 15.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 27,043 shares of the business services provider’s stock after acquiring an additional 3,527 shares during the period. Waste Management accounts for about 1.0% of Burling Wealth Partners LLC’s holdings, making the stock its 26th largest position. Burling Wealth Partners LLC’s holdings in Waste Management were worth $5,972,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. bought a new stake in Waste Management in the 3rd quarter valued at $1,583,000. Lockheed Martin Investment Management Co. acquired a new position in shares of Waste Management during the third quarter valued at about $3,092,000. Guerra Advisors Inc lifted its stake in shares of Waste Management by 59.5% in the third quarter. Guerra Advisors Inc now owns 9,037 shares of the business services provider’s stock valued at $1,996,000 after buying an additional 3,371 shares during the period. Wealthfront Advisers LLC grew its position in Waste Management by 3.1% during the second quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock worth $13,064,000 after buying an additional 1,698 shares in the last quarter. Finally, GPM Growth Investors Inc. increased its stake in Waste Management by 50.6% during the second quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock valued at $3,808,000 after acquiring an additional 5,588 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Down 0.5%

WM stock opened at $234.14 on Thursday. The business has a fifty day moving average price of $223.44 and a 200 day moving average price of $219.36. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.85. 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 $94.44 billion, a price-to-earnings ratio of 34.95, a P/E/G ratio of 2.49 and a beta of 0.58.

Waste Management (NYSE:WM) last announced its 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). Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the previous year, the company posted $1.70 EPS. Waste Management’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Weiss Ratings raised Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. TD Cowen lifted their target price on shares of Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. increased their price target on shares of Waste Management from $255.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Morgan Stanley cut their price target on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Finally, Canadian Imperial Bank of Commerce dropped their target price on Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.55.

Insider Transactions at Waste Management

In other Waste Management news, SVP Rafael Carrasco sold 7,352 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $234.50, for a total value of $1,724,044.00. Following the completion of the transaction, the senior vice president directly owned 15,540 shares of the company’s stock, valued at approximately $3,644,130. The trade was a 32.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Donald J. Smith sold 12,194 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $233.48, for a total transaction of $2,847,055.12. Following the sale, the vice president directly owned 6,024 shares in the company, valued at $1,406,483.52. This trade represents a 66.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 62,746 shares of company stock worth $14,470,494. Corporate insiders own 0.18% of the company’s stock.

Waste Management Company 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.