Waste Management, Inc. $WM Shares Sold by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd decreased its position in Waste Management, Inc. (NYSE:WM) by 36.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,143 shares of the business services provider’s stock after selling 4,038 shares during the quarter. Waste Management comprises approximately 0.8% of Aster Capital Management DIFC Ltd’s holdings, making the stock its 24th largest position. Aster Capital Management DIFC Ltd’s holdings in Waste Management were worth $1,577,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Waste Management by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 38,436,462 shares of the business services provider’s stock valued at $8,487,924,000 after purchasing an additional 774,255 shares in the last quarter. Geode Capital Management LLC lifted its stake in Waste Management by 1.5% during the second quarter. Geode Capital Management LLC now owns 8,647,146 shares of the business services provider’s stock valued at $1,972,856,000 after purchasing an additional 126,329 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Waste Management by 1.4% during the second quarter. Ameriprise Financial Inc. now owns 5,390,971 shares of the business services provider’s stock worth $1,232,131,000 after buying an additional 74,528 shares in the last quarter. Norges Bank acquired a new position in Waste Management in the second quarter worth approximately $1,064,206,000. Finally, Amundi increased its holdings in shares of Waste Management by 8.6% in the second quarter. Amundi now owns 3,596,281 shares of the business services provider’s stock valued at $804,809,000 after buying an additional 284,733 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Waste Management

In related news, CEO James C. Fish, Jr. sold 5,706 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $230.87, for a total value of $1,317,344.22. Following the completion of the sale, the chief executive officer owned 220,087 shares of the company’s stock, valued at approximately $50,811,485.69. The trade was a 2.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Johnson Varkey sold 428 shares of Waste Management stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $219.63, for a total transaction of $94,001.64. Following the completion of the sale, the senior vice president owned 10,224 shares of the company’s stock, valued at $2,245,497.12. This trade represents a 4.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 62,746 shares of company stock worth $14,470,494. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada lifted their target price on Waste Management from $223.00 to $235.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. TD Cowen lifted their price target on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Morgan Stanley reduced their price objective on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Barclays dropped their target price on shares of Waste Management from $266.00 to $265.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 20th. Finally, Weiss Ratings upgraded shares of Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $253.55.

Waste Management Stock Up 2.6%

Waste Management stock opened at $233.95 on Friday. The firm’s 50 day moving average price is $225.09 and its two-hundred day moving average price is $219.40. The firm has a market cap of $94.36 billion, a PE ratio of 34.92, a P/E/G ratio of 2.41 and a beta of 0.58. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $242.58. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.85 and a current ratio of 0.89.

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

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.