Krilogy Financial LLC Makes New $2.36 Million Investment in Waste Management, Inc. $WM

Krilogy Financial LLC bought a new stake in shares of Waste Management, Inc. (NYSE:WM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,696 shares of the business services provider’s stock, valued at approximately $2,362,000.

Other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its stake in shares of Waste Management by 101.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock worth $29,000 after buying an additional 67 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Waste Management during the 2nd quarter valued at about $40,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Waste Management in the 3rd quarter valued at about $41,000. Wealth Watch Advisors INC purchased a new position in Waste Management in the second quarter worth about $43,000. Finally, Costello Asset Management INC bought a new stake in Waste Management during the third quarter worth approximately $49,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 1.1%

WM stock opened at $234.36 on Thursday. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $242.58. The firm’s 50-day moving average is $221.19 and its 200 day moving average is $219.26. The company has a market capitalization of $94.53 billion, a PE ratio of 34.98, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.80.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business posted $1.70 earnings per share. On average, research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on WM. TD Cowen lifted their target price on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Weiss Ratings raised shares of Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Barclays reduced their target price on shares of Waste Management from $266.00 to $265.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. The Goldman Sachs Group began coverage on shares of Waste Management in a research note on Monday, November 24th. They set a “buy” rating and a $256.00 price target for the company. Finally, Truist Financial set a $260.00 price objective on shares of Waste Management in a research report on Wednesday, October 29th. One equities 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.55.

Key Stories Impacting Waste Management

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

• Positive Sentiment: Analysts remain broadly positive on WM: several firms have raised price targets and maintained buy/outperform views, and the consensus price target sits well above the current share price — supporting demand for the stock. Waste Management Stock: Analyst Estimates & Ratings
• Neutral Sentiment: Local PR: Waste Management’s recycling work at the WM Phoenix Open (900+ tons diverted annually) is positive for brand and ESG positioning but unlikely to move near-term earnings or the stock materially. WM Phoenix Open recycles more than 900 tons of trash each year
• Neutral Sentiment: Broader market/sector headlines are active (e.g., energy/midstream stories) and can influence flows, but they do not directly change WM’s waste-management fundamentals. Williams Companies Stock Climbs as Investors Focus on Gas Demand
• Negative Sentiment: Insider selling: CEO James Fish, Jr. disclosed multiple open-market sales this week (657; 5,706; and 30,390 shares on Feb. 6, 10 and 9 respectively), totaling 36,753 shares for roughly $8.47M at ~ $230 per share and materially reducing his stake in the largest filing. While insiders sell for many reasons (diversification, taxes), the concentrated, recent selling is a negative signal that some investors may view as profit-taking or a near-term caution. SEC filing: SEC Filing – Insider Sales

Insider Buying and Selling at Waste Management

In other Waste Management news, CEO James C. Fish, Jr. sold 30,390 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $230.36, for a total transaction of $7,000,640.40. Following the transaction, the chief executive officer directly owned 225,793 shares in the company, valued at $52,013,675.48. This represents a 11.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John J. Morris sold 690 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $219.49, for a total transaction of $151,448.10. Following the completion of the sale, the chief operating officer owned 106,635 shares of the company’s stock, valued at approximately $23,405,316.15. This represents a 0.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 43,559 shares of company stock worth $9,959,299. Insiders own 0.18% of the company’s stock.

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.