ABC Arbitrage SA Has $967,000 Stock Position in Waste Management, Inc. $WM

ABC Arbitrage SA decreased its position in shares of Waste Management, Inc. (NYSE:WM) by 72.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,380 shares of the business services provider’s stock after selling 11,323 shares during the period. ABC Arbitrage SA’s holdings in Waste Management were worth $967,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Cornercap Investment Counsel Inc. bought a new position in shares of Waste Management during the third quarter valued at $1,583,000. Lockheed Martin Investment Management Co. bought a new position in shares of Waste Management during the third quarter valued at about $3,092,000. Guerra Advisors Inc boosted its holdings in shares of Waste Management by 59.5% in the 3rd quarter. Guerra Advisors Inc now owns 9,037 shares of the business services provider’s stock worth $1,996,000 after buying an additional 3,371 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in Waste Management by 3.1% during the second quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock valued at $13,064,000 after purchasing an additional 1,698 shares during the period. Finally, GPM Growth Investors Inc. grew its stake in Waste Management by 50.6% in the 2nd quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock valued at $3,808,000 after buying an additional 5,588 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In related news, EVP Charles C. Boettcher sold 689 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $219.32, for a total value of $151,111.48. Following the transaction, the executive vice president owned 56,159 shares of the company’s stock, valued at $12,316,791.88. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO John A. Carroll sold 220 shares of the stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $219.57, for a total transaction of $48,305.40. Following the transaction, the chief accounting officer owned 9,330 shares in the company, valued at approximately $2,048,588.10. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 43,559 shares of company stock valued at $9,959,299 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on WM shares. Weiss Ratings upgraded Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Barclays cut their price objective on Waste Management from $266.00 to $265.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Canadian Imperial Bank of Commerce reduced their price objective on Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Citigroup lowered their price target on Waste Management from $270.00 to $263.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Finally, Wells Fargo & Company boosted their price target on Waste Management from $246.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $253.55.

Waste Management Price Performance

WM stock opened at $234.36 on Thursday. The company has a fifty day simple moving average of $221.19 and a two-hundred day simple moving average of $219.26. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58. The firm has a market capitalization of $94.53 billion, a P/E ratio of 34.98, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 2.22.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 EPS 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 firm had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.39 billion. During the same period in the previous 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 anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

More Waste Management News

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

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.