Illinois Municipal Retirement Fund lessened its stake in shares of Waste Management, Inc. (NYSE:WM – Free Report) by 18.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,945 shares of the business services provider’s stock after selling 2,690 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Waste Management were worth $2,638,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Cornerstone Planning Group LLC raised its stake in shares of Waste Management by 101.5% during the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 67 shares during the period. Loomis Sayles & Co. L P purchased a new stake in Waste Management during the 2nd quarter worth $40,000. Steigerwald Gordon & Koch Inc. acquired a new position in Waste Management in the 3rd quarter worth $41,000. Wealth Watch Advisors INC acquired a new stake in shares of Waste Management during the second quarter valued at about $43,000. Finally, Costello Asset Management INC purchased a new stake in shares of Waste Management during the third quarter worth about $49,000. Institutional investors and hedge funds own 80.40% of the company’s stock.
Insider Buying and Selling at Waste Management
In other Waste Management news, VP Donald J. Smith sold 690 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $219.59, for a total value of $151,517.10. Following the sale, the vice president directly owned 13,376 shares in the company, valued at approximately $2,937,235.84. This trade represents a 4.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO James C. Fish, Jr. sold 30,390 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $230.36, for a total transaction of $7,000,640.40. Following the transaction, the chief executive officer owned 225,793 shares of the company’s stock, valued at $52,013,675.48. This represents a 11.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 44,580 shares of company stock worth $10,198,938. 0.18% of the stock is owned by company insiders.
Waste Management Trading Up 1.3%
Waste Management (NYSE:WM – Get Free Report) last issued its earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share (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 the consensus estimate 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 was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.70 EPS. On average, equities analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.
Analyst Upgrades and Downgrades
WM has been the subject of a number of recent analyst reports. Robert W. Baird upgraded Waste Management from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $238.00 to $242.00 in a research note on Tuesday, November 4th. Oppenheimer raised their price target on shares of Waste Management from $263.00 to $264.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. UBS Group upgraded 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 note on Friday, January 9th. Canadian Imperial Bank of Commerce cut their target price on shares of Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Finally, Barclays decreased their price target on Waste Management from $266.00 to $265.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $253.55.
Get Our Latest Research Report on WM
Trending Headlines about 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
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.
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