Waste Management, Inc. $WM Shares Sold by Tredje AP fonden

Tredje AP fonden reduced its position in Waste Management, Inc. (NYSE:WM) by 12.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 250,467 shares of the business services provider’s stock after selling 37,238 shares during the quarter. Tredje AP fonden’s holdings in Waste Management were worth $55,311,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Waste Management by 2.1% in the third quarter. Vanguard Group Inc. now owns 38,436,462 shares of the business services provider’s stock valued at $8,487,924,000 after purchasing an additional 774,255 shares in the last quarter. Geode Capital Management LLC boosted its position in Waste Management by 1.5% in the 2nd 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 buying an additional 126,329 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Waste Management by 1.4% in 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 acquiring an additional 74,528 shares in the last quarter. Norges Bank purchased a new stake in shares of Waste Management during the second quarter worth $1,064,206,000. Finally, Amundi raised its stake in shares of Waste Management by 8.6% in the second quarter. Amundi now owns 3,596,281 shares of the business services provider’s stock valued at $804,809,000 after acquiring an additional 284,733 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Activity

In other Waste Management news, CAO John A. Carroll sold 1,021 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $234.71, for a total transaction of $239,638.91. Following the transaction, the chief accounting officer directly owned 8,309 shares of the company’s stock, valued at approximately $1,950,205.39. This trade represents a 10.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Johnson Varkey sold 428 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $219.63, for a total value of $94,001.64. Following the sale, the senior vice president directly owned 10,224 shares of the company’s stock, valued at approximately $2,245,497.12. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,746 shares of company stock worth $14,470,494 over the last 90 days. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WM shares. Robert W. Baird raised Waste Management from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $238.00 to $242.00 in a research note on Tuesday, November 4th. Stifel Nicolaus upped their target price on shares of Waste Management from $236.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Citigroup decreased their price target on shares of Waste Management from $270.00 to $263.00 and set a “buy” rating for the company in a research note on Friday, January 16th. UBS Group raised shares of Waste Management from a “neutral” rating to a “buy” rating and increased their price objective for the company from $225.00 to $260.00 in a research report on Friday, January 9th. Finally, TD Cowen lifted their price objective on shares of Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. One investment 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 stock. According to MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and an average price target of $253.55.

Waste Management Stock Performance

NYSE WM opened at $230.07 on Friday. The company has a fifty day moving average of $224.16 and a two-hundred day moving average of $219.45. The company has a market capitalization of $92.80 billion, a PE ratio of 34.34, a P/E/G ratio of 2.47 and a beta of 0.58. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.85.

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

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.