AXQ Capital LP Has $897,000 Stock Position in Waste Management, Inc. $WM

AXQ Capital LP lessened its holdings in Waste Management, Inc. (NYSE:WM) by 43.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,062 shares of the business services provider’s stock after selling 3,116 shares during the period. AXQ Capital LP’s holdings in Waste Management were worth $897,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Gladstone Institutional Advisory LLC lifted its holdings in shares of Waste Management by 1.3% during the third quarter. Gladstone Institutional Advisory LLC now owns 3,853 shares of the business services provider’s stock worth $851,000 after purchasing an additional 49 shares during the period. Clean Yield Group increased its position in Waste Management by 6.7% in the 3rd quarter. Clean Yield Group now owns 801 shares of the business services provider’s stock valued at $177,000 after buying an additional 50 shares in the last quarter. Mendel Money Management raised its holdings in Waste Management by 1.8% during the third quarter. Mendel Money Management now owns 2,903 shares of the business services provider’s stock worth $641,000 after buying an additional 50 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Waste Management by 1.2% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,419 shares of the business services provider’s stock valued at $1,011,000 after buying an additional 51 shares in the last quarter. Finally, Canton Hathaway LLC increased its position in shares of Waste Management by 0.5% during the third quarter. Canton Hathaway LLC now owns 9,644 shares of the business services provider’s stock worth $2,130,000 after acquiring an additional 51 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Insider Transactions at Waste Management

In related news, CEO James C. Fish, Jr. sold 30,390 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $230.36, for a total transaction of $7,000,640.40. Following the completion of the transaction, the chief executive officer owned 225,793 shares in the company, valued at approximately $52,013,675.48. This represents a 11.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Rafael Carrasco sold 7,352 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $234.50, for a total transaction of $1,724,044.00. Following the completion of the sale, the senior vice president owned 15,540 shares in the company, valued at $3,644,130. This represents a 32.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 62,746 shares of company stock valued at $14,470,494. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. Canadian Imperial Bank of Commerce decreased their price target 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. UBS Group raised Waste Management from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $225.00 to $260.00 in a report on Friday, January 9th. JPMorgan Chase & Co. raised their price objective on Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Morgan Stanley reduced their price target on Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Finally, DZ Bank started coverage on Waste Management in a research note on Tuesday, November 25th. They set a “buy” rating and a $250.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $253.55.

Waste Management Stock Performance

WM stock opened at $230.28 on Tuesday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.85. The company has a market cap of $92.88 billion, a P/E ratio of 34.37, a price-to-earnings-growth ratio of 2.44 and a beta of 0.58. The stock’s fifty day moving average price is $224.40 and its 200-day moving average price is $219.27. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58.

Waste Management (NYSE:WM) last released its quarterly 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 during the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the previous year, the business posted $1.70 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Profile

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.