Intech Investment Management LLC Has $5.11 Million Holdings in Waste Management, Inc. $WM

Intech Investment Management LLC boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 48.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,128 shares of the business services provider’s stock after acquiring an additional 7,525 shares during the period. Intech Investment Management LLC’s holdings in Waste Management were worth $5,107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Brighton Jones LLC increased its stake in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after purchasing an additional 2,320 shares in the last quarter. Sprott Inc. acquired a new position in shares of Waste Management in the first quarter valued at approximately $325,000. Arkadios Wealth Advisors increased its position in shares of Waste Management by 7.8% during the second quarter. Arkadios Wealth Advisors now owns 7,997 shares of the business services provider’s stock worth $1,830,000 after acquiring an additional 579 shares in the last quarter. Premier Path Wealth Partners LLC raised its holdings in shares of Waste Management by 13.4% during the second quarter. Premier Path Wealth Partners LLC now owns 1,214 shares of the business services provider’s stock worth $278,000 after acquiring an additional 143 shares during the period. Finally, Keybank National Association OH lifted its position in Waste Management by 17.0% in the 2nd quarter. Keybank National Association OH now owns 35,002 shares of the business services provider’s stock valued at $8,009,000 after acquiring an additional 5,075 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management News Roundup

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

• Positive Sentiment: Broader market/industry tailwind — a report highlights long-term growth in the healthcare waste-management market, which supports demand for regulated waste services and can benefit large, diversified providers like WM. Healthcare Waste Management Market Size
• Positive Sentiment: Price momentum since earnings — investor notes point out WM has rallied since its last quarterly report, prompting discussion of whether that momentum can continue (supports short-term buying interest). Zacks: WM Up Since Earnings
• Neutral Sentiment: Relative performance debate — a Barchart piece notes WM has lagged the S&P 500 over the past year but reports analysts remain moderately optimistic; this frames the stock as undervalued by some and fairly valued by others. Is WM Underperforming the S&P 500?
• Neutral Sentiment: Sector peer activity — news of contract wins at smaller regional waste/cleaning firms highlights steady demand in services markets but has limited direct impact on WM’s fundamentals. Primech Contract Wins
• Negative Sentiment: Insider selling — WM’s CAO John A. Carroll sold 37 shares (small dollar amount) in a disclosed SEC filing; while the size is minor, insider sales can create short-term sentiment pressure. CAO Sale SEC Filing
• Negative Sentiment: Insider selling — WM’s CFO David L. Reed also sold 37 shares (disclosed in SEC filing); again small in size but contributes to the narrative of insider trimming. CFO Sale SEC Filing
• Negative Sentiment: Institutional reduction — Aster Capital significantly trimmed its WM stake (reported reduction), a data point that can amplify selling pressure from funds rebalancing. Aster Capital Reduces Position
• Negative Sentiment: Valuation critique — analysis on Seeking Alpha calls WM a reliable dividend name but argues the stock trades at a premium, highlighting valuation as a potential restraint on further multiple expansion. Seeking Alpha: Dividend Darling, But Premium Stinks

Insider Buying and Selling

In related news, CAO John A. Carroll sold 1,021 shares of Waste Management stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $234.71, for a total transaction of $239,638.91. Following the completion of the transaction, the chief accounting officer owned 8,309 shares in the company, valued at approximately $1,950,205.39. This trade represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Rafael Carrasco sold 7,352 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president owned 15,540 shares in the company, valued at $3,644,130. This represents a 32.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 62,820 shares of company stock worth $14,487,482. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on WM. Robert W. Baird upgraded Waste Management from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $238.00 to $242.00 in a report on Tuesday, November 4th. Stifel Nicolaus upped their price objective on Waste Management from $236.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. UBS Group raised Waste Management from a “neutral” rating to a “buy” rating and lifted their target price for the company from $225.00 to $260.00 in a research report on Friday, January 9th. Sanford C. Bernstein upped their price target on Waste Management from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Finally, TD Cowen raised their price target on shares of Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $253.55.

Waste Management Stock Performance

Shares of NYSE WM opened at $240.78 on Friday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.85 and a current ratio of 0.89. The stock has a 50 day moving average price of $225.57 and a 200 day moving average price of $219.33. The stock has a market capitalization of $97.12 billion, a PE ratio of 35.94, a price-to-earnings-growth ratio of 2.55 and a beta of 0.58. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58.

Waste Management (NYSE:WM) last announced its quarterly earnings data 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). Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the prior year, the company earned $1.70 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. 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.