Caprock Group LLC Makes New Investment in Waste Management, Inc. $WM

Caprock Group LLC purchased a new stake in shares of Waste Management, Inc. (NYSE:WM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,872 shares of the business services provider’s stock, valued at approximately $2,009,000.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Waste Management by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 37,662,207 shares of the business services provider’s stock worth $8,617,866,000 after purchasing an additional 292,868 shares during the period. Geode Capital Management LLC grew its holdings in shares of Waste Management by 1.5% in the second quarter. Geode Capital Management LLC now owns 8,647,146 shares of the business services provider’s stock worth $1,972,856,000 after acquiring an additional 126,329 shares during the period. Ameriprise Financial Inc. increased its position 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 valued at $1,232,131,000 after acquiring an additional 74,528 shares during the last quarter. Norges Bank bought a new position in Waste Management in the second quarter valued at about $1,064,206,000. Finally, Amundi boosted its position in Waste Management by 8.6% in the second quarter. Amundi now owns 3,596,281 shares of the business services provider’s stock worth $804,809,000 after purchasing an additional 284,733 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WM. Robert W. Baird upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $238.00 to $242.00 in a research note on Tuesday, November 4th. The Goldman Sachs Group assumed coverage on shares of Waste Management in a report on Monday, November 24th. They set a “buy” rating and a $256.00 target price for the company. DZ Bank started coverage on shares of Waste Management in a research note on Tuesday, November 25th. They set a “buy” rating and a $250.00 price target on the stock. Barclays decreased their target price on Waste Management from $266.00 to $265.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. Finally, Truist Financial set a $260.00 price target on Waste Management in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.55.

Insider Activity

In related news, SVP Rafael Carrasco sold 1,380 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the completion of the transaction, the senior vice president owned 15,540 shares in the company, valued at approximately $3,373,112.40. This represents a 8.16% 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 business’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $219.71, for a total transaction of $151,599.90. Following the completion of the sale, the senior vice president owned 83,736 shares in the company, valued at approximately $18,397,636.56. The trade was a 0.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 44,580 shares of company stock valued at $10,198,938 in the last quarter. Company insiders own 0.18% of the company’s stock.

More Waste Management News

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

• Positive Sentiment: Independent valuation suggests WM is materially undervalued — a Yahoo Finance analysis estimates intrinsic value implying roughly a 22% upside versus the current price; that type of third‑party valuation can attract value-focused buyers. An Intrinsic Calculation For Waste Management, Inc. (NYSE:WM) Suggests It’s 22% Undervalued
• Positive Sentiment: Private‑equity M&A activity in the waste sector — Platinum Equity’s sale of Urbaser to Blackstone/EQT for $6.6B — highlights strong deal appetite and could re‑rate sector multiples if buyers pay premiums for scale and stable cash flows. Platinum Equity to sell waste management firm Urbaser to Blackstone, EQT for $6.6 billion
• Neutral Sentiment: Recent quarterly results showed revenue growth but a slight EPS miss vs. consensus (reported $1.93 vs. $1.95) and mixed analyst moves; consensus remains a Moderate Buy with a mid‑$250s price target—supportive longer‑term but not a catalyst by itself. MarketBeat coverage summarizing earnings and analyst commentary
• Negative Sentiment: Significant insider selling by senior executives — recent filings show the CEO sold multi‑million dollars of stock (reports: ~$1.32M and ~$7.00M) — which can spook some investors even when sales are pre‑planned or for diversification. Waste Management (NYSE:WM) CEO Sells $1,317,344.22 in Stock Waste Management (NYSE:WM) CEO Sells $7,000,640.40 in Stock
• Negative Sentiment: Additional insider disposals include CAO John Carroll selling 1,021 shares (SEC filing) and another director sale; smaller on an absolute basis but contributes to near‑term negative optics. John Carroll Sells 1,021 Shares of Waste Management (NYSE:WM) Stock James Fish, Jr. Sells 657 Shares of Waste Management (NYSE:WM) Stock

Waste Management Price Performance

Shares of Waste Management stock opened at $234.07 on Friday. The company has a market capitalization of $94.41 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.44 and a beta of 0.58. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 2.22. The stock’s 50-day simple moving average is $221.94 and its 200-day simple moving average is $219.38. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58.

Waste Management (NYSE:WM) last issued its earnings results 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). Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same period last year, the business posted $1.70 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts expect that Waste Management, Inc. will post 7.7 earnings per share 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.