Ameritas Advisory Services LLC Acquires 3,300 Shares of Waste Management, Inc. $WM

Ameritas Advisory Services LLC boosted its stake in shares of Waste Management, Inc. (NYSE:WMFree Report) by 47.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,282 shares of the business services provider’s stock after buying an additional 3,300 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Waste Management were worth $2,270,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Cornerstone Planning Group LLC increased its stake in shares of Waste Management by 101.5% in the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock worth $29,000 after purchasing an additional 67 shares in the last quarter. Loomis Sayles & Co. L P bought a new stake in Waste Management during the second quarter valued at $40,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Waste Management during the third quarter worth about $41,000. Wealth Watch Advisors INC bought a new position in shares of Waste Management in the 2nd quarter worth $43,000. Finally, Costello Asset Management INC bought a new position in Waste Management in the third quarter valued at $49,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WM has been the topic of several research reports. Scotiabank reissued a “sector perform” rating and set a $250.00 price target (down from $254.00) on shares of Waste Management in a research note on Wednesday, January 21st. Sanford C. Bernstein raised their price objective on shares of Waste Management from $255.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Royal Bank Of Canada boosted their target price on shares of Waste Management from $223.00 to $235.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. TD Cowen upped 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. Finally, Truist Financial set a $260.00 price objective on shares of Waste Management in a research report on Wednesday, October 29th. One 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 stock. According to MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $253.55.

View Our Latest Research Report on WM

Insiders Place Their Bets

In related news, CAO John A. Carroll sold 1,021 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $234.71, for a total transaction of $239,638.91. Following the completion of the transaction, the chief accounting officer owned 8,309 shares in the company, valued at approximately $1,950,205.39. This represents a 10.94% 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 Tara J. Hemmer sold 690 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $219.71, for a total transaction of $151,599.90. Following the transaction, the senior vice president directly owned 83,736 shares of the company’s stock, valued at $18,397,636.56. This trade represents a 0.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 44,580 shares of company stock valued at $10,198,938. Insiders own 0.18% of the company’s stock.

Waste Management Trading Up 1.3%

NYSE:WM opened at $234.07 on Friday. The business has a fifty day moving average price of $221.94 and a 200-day moving average price of $219.38. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.80. Waste Management, Inc. has a one year low of $194.11 and a one year high of $242.58. The firm has a market capitalization of $94.41 billion, a price-to-earnings ratio of 34.94, a price-to-earnings-growth ratio of 2.44 and a beta of 0.58.

Waste Management (NYSE:WMGet Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter last year, the firm posted $1.70 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. Sell-side analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Key Headlines Impacting Waste Management

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Waste Management Company 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.

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

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