Pinnacle Financial Partners Inc. lifted its holdings in Waste Management, Inc. (NYSE:WM) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,472 shares of the business services provider’s stock after buying an additional 1,922 shares during the period. Pinnacle Financial Partners Inc.’s holdings in Waste Management were worth $2,975,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WM. New Mexico Educational Retirement Board raised its holdings in shares of Waste Management by 2.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 38,916 shares of the business services provider’s stock worth $3,358,000 after purchasing an additional 1,100 shares during the period. Ecofin Ltd. raised its holdings in shares of Waste Management by 5.9% in the 4th quarter. Ecofin Ltd. now owns 376,996 shares of the business services provider’s stock worth $32,535,000 after purchasing an additional 20,925 shares during the period. Sentry Investment Management LLC raised its holdings in shares of Waste Management by 11.1% in the 4th quarter. Sentry Investment Management LLC now owns 32,295 shares of the business services provider’s stock worth $2,787,000 after purchasing an additional 3,237 shares during the period. Ffcm LLC raised its holdings in shares of Waste Management by 22.1% in the 4th quarter. Ffcm LLC now owns 23,117 shares of the business services provider’s stock worth $1,995,000 after purchasing an additional 4,182 shares during the period. Finally, AGF Investments America Inc. raised its holdings in shares of Waste Management by 2.8% in the 4th quarter. AGF Investments America Inc. now owns 67,782 shares of the business services provider’s stock worth $5,850,000 after purchasing an additional 1,833 shares during the period. Hedge funds and other institutional investors own 75.33% of the company’s stock.

A number of research firms recently commented on WM. Zacks Investment Research cut shares of Waste Management from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 target price on shares of Waste Management in a report on Thursday, January 4th. Macquarie raised shares of Waste Management from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 3rd. Credit Suisse Group set a $90.00 target price on shares of Waste Management and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Oppenheimer boosted their target price on shares of Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $86.00.

In other news, Director Patrick W. Gross sold 387 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $88.30, for a total value of $34,172.10. Following the transaction, the director now owns 30,673 shares of the company’s stock, valued at $2,708,425.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Barry H. Caldwell sold 1,650 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total transaction of $133,815.00. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Shares of Waste Management, Inc. (NYSE WM) opened at $80.79 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 1.60. Waste Management, Inc. has a 1-year low of $69.55 and a 1-year high of $89.73. The stock has a market cap of $34,984.80, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 2.26 and a beta of 0.70.

Waste Management declared that its board has authorized a stock repurchase program on Thursday, December 14th that permits the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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Waste Management Profile

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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