Waste Management, Inc. $WM Position Lifted by ABN Amro Investment Solutions

ABN Amro Investment Solutions boosted its holdings in shares of Waste Management, Inc. (NYSE:WMFree Report) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 421,211 shares of the business services provider’s stock after acquiring an additional 6,928 shares during the quarter. Waste Management comprises 1.9% of ABN Amro Investment Solutions’ holdings, making the stock its 9th largest holding. ABN Amro Investment Solutions owned approximately 0.10% of Waste Management worth $93,016,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, CAO John A. Carroll sold 1,021 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $234.71, for a total value of $239,638.91. Following the completion of the transaction, the chief accounting officer directly owned 8,309 shares of the company’s stock, valued at $1,950,205.39. This trade represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the transaction, the senior vice president owned 15,540 shares of the company’s stock, valued at $3,373,112.40. This trade represents a 8.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 44,580 shares of company stock valued at $10,198,938 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Waste Management Trading Up 1.3%

Shares of NYSE:WM opened at $234.07 on Friday. The firm has a fifty day moving average price of $221.94 and a 200 day moving average price of $219.27. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58. The stock has a market capitalization of $94.41 billion, a PE ratio of 34.94, a P/E/G ratio of 2.48 and a beta of 0.58.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WM shares. Canadian Imperial Bank of Commerce decreased their price objective on Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Stifel Nicolaus boosted their price objective on Waste Management from $236.00 to $252.00 and gave the company a “buy” rating in a report on Friday, January 30th. Royal Bank Of Canada raised their target price on Waste Management from $223.00 to $235.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Truist Financial set a $260.00 price target on shares of Waste Management in a research note on Wednesday, October 29th. Finally, Morgan Stanley decreased their target price on Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. One equities 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. According to data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average target price of $253.55.

View Our Latest Report on WM

Key Waste Management News

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

About Waste Management

(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

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

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