Atria Investments Inc Grows Holdings in Waste Management, Inc. $WM

Atria Investments Inc boosted its stake in shares of Waste Management, Inc. (NYSE:WMFree Report) by 16.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,475 shares of the business services provider’s stock after buying an additional 4,196 shares during the quarter. Atria Investments Inc’s holdings in Waste Management were worth $6,730,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock valued at $1,384,000 after buying an additional 2,320 shares during the period. Sprott Inc. purchased a new position in Waste Management in the first quarter worth $325,000. Harbour Investments Inc. raised its stake in Waste Management by 1.7% in the second quarter. Harbour Investments Inc. now owns 11,020 shares of the business services provider’s stock valued at $2,522,000 after buying an additional 189 shares during the last quarter. Mutual Advisors LLC boosted its holdings in Waste Management by 6.8% in the second quarter. Mutual Advisors LLC now owns 11,670 shares of the business services provider’s stock worth $2,680,000 after acquiring an additional 748 shares in the last quarter. Finally, WealthPlan Investment Management LLC lifted its stake in shares of Waste Management by 6.6% during the second quarter. WealthPlan Investment Management LLC now owns 1,173 shares of the business services provider’s stock worth $268,000 after buying an additional 73 shares during the period. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WM has been the subject of a number of recent research reports. TD Cowen raised their price target on shares of Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. DZ Bank began coverage on Waste Management in a research note on Tuesday, November 25th. They set a “buy” rating and a $250.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Waste Management from $246.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Weiss Ratings upgraded Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their target price on shares of Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, December 1st. 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 stock. According to MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and an average target price of $253.55.

Read Our Latest Stock Analysis on WM

Insider Buying and Selling at Waste Management

In other news, CFO David L. Reed sold 270 shares of Waste Management stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $218.62, for a total transaction of $59,027.40. Following the sale, the chief financial officer owned 8,843 shares in the company, valued at approximately $1,933,256.66. The trade was a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Rafael Carrasco sold 690 shares of Waste Management stock in a transaction on Friday, January 30th. The shares were sold at an average price of $219.01, for a total transaction of $151,116.90. Following the completion of the transaction, the senior vice president directly owned 22,892 shares in the company, valued at $5,013,576.92. The trade was a 2.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 44,580 shares of company stock worth $10,198,938. 0.18% of the stock is currently owned by company insiders.

Trending Headlines about Waste Management

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

Waste Management Stock Up 1.3%

Shares of WM opened at $234.07 on Friday. The stock has a market capitalization of $94.41 billion, a PE ratio of 34.94, a P/E/G ratio of 2.44 and a beta of 0.58. The company’s 50-day simple moving average is $221.94 and its 200-day simple moving average is $219.38. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.80 and a current ratio of 0.89.

Waste Management (NYSE:WMGet Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.39 billion. During the same period in the prior year, the business earned $1.70 EPS. Waste Management’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WMFree Report).

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.