Waste Management (NYSE:WM) CEO Sells $151,110.00 in Stock

Waste Management, Inc. (NYSE:WM) CEO James Fish, Jr. sold 657 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $230.00, for a total transaction of $151,110.00. Following the transaction, the chief executive officer owned 256,183 shares of the company’s stock, valued at approximately $58,922,090. This trade represents a 0.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Waste Management Price Performance

NYSE WM opened at $231.18 on Friday. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $242.58. The firm’s fifty day simple moving average is $221.53 and its two-hundred day simple moving average is $219.34. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $93.24 billion, a P/E ratio of 34.50, a P/E/G ratio of 2.48 and a beta of 0.58.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.02). Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.39 billion. During the same quarter last year, the firm earned $1.70 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. Analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Institutional Trading of Waste Management

Several hedge funds and other institutional investors have recently bought and sold shares of WM. Vanguard Group Inc. boosted its position in Waste Management by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock worth $8,566,508,000 after purchasing an additional 553,605 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Waste Management by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider’s stock worth $1,972,371,000 after buying an additional 117,476 shares in the last quarter. Ameriprise Financial Inc. grew its position in Waste Management by 5.1% during the third quarter. Ameriprise Financial Inc. now owns 5,668,221 shares of the business services provider’s stock valued at $1,250,613,000 after buying an additional 277,250 shares during the period. Norges Bank purchased a new position in Waste Management in the fourth quarter valued at $1,022,916,000. Finally, Northern Trust Corp boosted its stake in shares of Waste Management by 0.3% during the 3rd quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock worth $873,276,000 after acquiring an additional 11,688 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Waste Management from $246.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Weiss Ratings raised shares of Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. The Goldman Sachs Group began coverage on Waste Management in a research report on Monday, November 24th. They set a “buy” rating and a $256.00 price target for the company. Truist Financial set a $260.00 price target on Waste Management in a research note on Wednesday, October 29th. Finally, Barclays decreased their target price on Waste Management from $266.00 to $265.00 and set an “overweight” rating for the company in a report 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 given 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.

About Waste Management

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.