Waste Management, Inc. (NYSE:WM) CEO James C. Fish, Jr. sold 3,158 shares of Waste Management stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $110.97, for a total value of $350,443.26. Following the sale, the chief executive officer now owns 245,329 shares in the company, valued at $27,224,159.13. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

WM traded up $0.04 during trading hours on Friday, hitting $112.09. The stock had a trading volume of 900,343 shares, compared to its average volume of 2,003,888. The company’s fifty day simple moving average is $113.76 and its 200 day simple moving average is $114.10. Waste Management, Inc. has a 1 year low of $83.49 and a 1 year high of $121.77. The stock has a market cap of $47.72 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 3.07 and a beta of 0.60. The company has a quick ratio of 1.82, a current ratio of 1.86 and a debt-to-equity ratio of 1.94.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.05. Waste Management had a return on equity of 28.63% and a net margin of 11.35%. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $4 billion. During the same quarter last year, the firm posted $1.15 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts expect that Waste Management, Inc. will post 4.35 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Krane Funds Advisors LLC purchased a new position in shares of Waste Management during the second quarter worth about $25,000. Howe & Rusling Inc. grew its holdings in shares of Waste Management by 139.6% during the third quarter. Howe & Rusling Inc. now owns 218 shares of the business services provider’s stock worth $25,000 after purchasing an additional 127 shares in the last quarter. Financial Gravity Wealth Inc. grew its holdings in shares of Waste Management by 133.1% during the second quarter. Financial Gravity Wealth Inc. now owns 282 shares of the business services provider’s stock worth $33,000 after purchasing an additional 161 shares in the last quarter. Candriam Luxembourg S.C.A. grew its holdings in shares of Waste Management by 146.8% during the third quarter. Candriam Luxembourg S.C.A. now owns 273,777 shares of the business services provider’s stock worth $34,000 after purchasing an additional 162,829 shares in the last quarter. Finally, Personal Wealth Partners purchased a new position in shares of Waste Management during the second quarter worth about $35,000. 73.06% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on the company. Royal Bank of Canada set a $126.00 target price on Waste Management and gave the stock a “buy” rating in a research note on Friday, July 26th. Scotiabank assumed coverage on Waste Management in a research note on Monday, July 22nd. They set an “outperform” rating on the stock. JPMorgan Chase & Co. assumed coverage on Waste Management in a research note on Wednesday, August 7th. They set a “neutral” rating and a $120.00 target price on the stock. CIBC reiterated a “market perform” rating on shares of Waste Management in a research note on Thursday, July 18th. Finally, Macquarie reiterated an “outperform” rating and set a $130.00 target price on shares of Waste Management in a research note on Wednesday, September 4th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $116.82.

About Waste Management

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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