Rep. Robert Bresnahan, Jr. Sells Off Shares of Waste Management, Inc. (NYSE:WM)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Waste Management, Inc. (NYSE:WM). In a filing disclosed on June 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Waste Management stock on May 15th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Zoom Communications (NASDAQ:ZM) on 6/25/2025.
• Purchased $1,001 – $15,000 in shares of Coinbase Global (NASDAQ:COIN) on 6/24/2025.
• Purchased $1,001 – $15,000 in shares of Circle Internet Group (NYSE:CRCL) on 6/24/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 6/23/2025.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 6/13/2025.
• Sold $1,001 – $15,000 in shares of Atlassian (NASDAQ:TEAM) on 6/11/2025.
• Purchased $1,001 – $15,000 in shares of ServiceTitan (NASDAQ:TTAN) on 6/11/2025.
• Sold $1,001 – $15,000 in shares of Datadog (NASDAQ:DDOG) on 6/11/2025.
• Sold $1,001 – $15,000 in shares of GitLab (NASDAQ:GTLB) on 6/11/2025.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 6/11/2025.

Waste Management Stock Performance

Waste Management stock opened at $228.93 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.79 and a debt-to-equity ratio of 2.51. The stock has a market cap of $92.12 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 2.83 and a beta of 0.64. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. The stock has a 50 day moving average of $231.65 and a 200-day moving average of $227.97.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%. The firm had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the prior year, the business earned $1.82 EPS. The firm’s revenue was up 19.0% on a year-over-year basis. On average, analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, June 6th. Waste Management’s dividend payout ratio is 48.96%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WM. T. Rowe Price Investment Management Inc. raised its position in shares of Waste Management by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider’s stock worth $781,000 after acquiring an additional 44 shares in the last quarter. Ascent Group LLC boosted its stake in Waste Management by 0.6% during the 4th quarter. Ascent Group LLC now owns 7,534 shares of the business services provider’s stock valued at $1,520,000 after purchasing an additional 44 shares during the last quarter. Insight Wealth Strategies LLC lifted its position in shares of Waste Management by 0.4% during the 1st quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider’s stock worth $2,698,000 after buying an additional 44 shares in the last quarter. McAdam LLC lifted its position in shares of Waste Management by 3.1% during the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock worth $343,000 after buying an additional 44 shares in the last quarter. Finally, Syntegra Private Wealth Group LLC lifted its position in shares of Waste Management by 2.0% during the 2nd quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock worth $524,000 after buying an additional 44 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WM has been the subject of several research reports. Raymond James Financial raised their target price on Waste Management from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Scotiabank increased their price objective on Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Thursday. JPMorgan Chase & Co. raised Waste Management from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $225.00 to $277.00 in a research report on Friday, May 23rd. Robert W. Baird increased their price objective on Waste Management from $235.00 to $245.00 and gave the company a “neutral” rating in a report on Wednesday, April 30th. Finally, CIBC increased their price objective on Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, June 26th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $254.35.

Insider Buying and Selling

In related news, CFO Devina A. Rankin sold 57,888 shares of Waste Management stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total value of $13,740,295.68. Following the sale, the chief financial officer owned 83,934 shares of the company’s stock, valued at approximately $19,922,574.24. The trade was a 40.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Rafael Carrasco sold 674 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $236.81, for a total transaction of $159,609.94. Following the sale, the senior vice president directly owned 16,542 shares in the company, valued at $3,917,311.02. The trade was a 3.91% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.