Waste Management (NYSE:WM) SVP Sells $1,724,044.00 in Stock

Waste Management, Inc. (NYSE:WM) SVP Rafael Carrasco sold 7,352 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $234.50, for a total value of $1,724,044.00. Following the sale, the senior vice president directly owned 15,540 shares of the company’s stock, valued at approximately $3,644,130. The trade was a 32.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Rafael Carrasco also recently made the following trade(s):

• On Friday, January 30th, Rafael Carrasco sold 690 shares of Waste Management stock. The shares were sold at an average price of $219.01, for a total transaction of $151,116.90.
• On Thursday, November 20th, Rafael Carrasco sold 1,380 shares of Waste Management stock. The stock was sold at an average price of $217.06, for a total transaction of $299,542.80.

Waste Management Price Performance

Shares of NYSE WM opened at $233.43 on Friday. The company has a fifty day moving average price of $223.87 and a 200 day moving average price of $219.45. The firm has a market cap of $94.15 billion, a PE ratio of 34.84, a PEG ratio of 2.47 and a beta of 0.58. The company has a current ratio of 0.89, a quick ratio of 0.85 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.

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

Wall Street Analysts Forecast Growth

WM has been the subject of several research reports. Oppenheimer raised their price target on shares of Waste Management from $263.00 to $264.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Morgan Stanley lowered their price target on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Barclays reduced their price objective on shares of Waste Management from $266.00 to $265.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. DZ Bank began coverage on Waste Management in a research report on Tuesday, November 25th. They issued a “buy” rating and a $250.00 target price on the stock. Finally, UBS Group upgraded Waste Management from a “neutral” rating to a “buy” rating and upped their target price for the stock from $225.00 to $260.00 in a report on Friday, January 9th. One research 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $253.55.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Waste Management by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock valued at $8,566,508,000 after purchasing an additional 553,605 shares during the last quarter. State Street Corp raised its position in shares of Waste Management by 1.6% in the fourth quarter. State Street Corp now owns 17,390,748 shares of the business services provider’s stock valued at $3,820,921,000 after purchasing an additional 281,456 shares during the period. Geode Capital Management LLC lifted its stake in shares of Waste Management by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider’s stock worth $1,972,371,000 after buying an additional 117,476 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Waste Management by 5.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,668,221 shares of the business services provider’s stock worth $1,250,613,000 after buying an additional 277,250 shares during the period. Finally, Norges Bank acquired a new position in Waste Management in the 4th quarter valued at about $1,022,916,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Company 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.