APG Asset Management N.V. Reduces Holdings in Waste Management, Inc. $WM

APG Asset Management N.V. lessened its holdings in Waste Management, Inc. (NYSE:WM) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 440,575 shares of the business services provider’s stock after selling 7,000 shares during the period. APG Asset Management N.V. owned 0.11% of Waste Management worth $97,292,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Cornercap Investment Counsel Inc. acquired a new position in Waste Management in the 3rd quarter valued at $1,583,000. Lockheed Martin Investment Management Co. purchased a new stake in shares of Waste Management in the third quarter valued at $3,092,000. Guerra Advisors Inc increased its stake in Waste Management by 59.5% in the third quarter. Guerra Advisors Inc now owns 9,037 shares of the business services provider’s stock valued at $1,996,000 after purchasing an additional 3,371 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Waste Management by 19.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,287 shares of the business services provider’s stock worth $15,301,000 after buying an additional 11,135 shares during the period. Finally, Compass Wealth Management LLC boosted its stake in Waste Management by 537.0% in the 3rd quarter. Compass Wealth Management LLC now owns 95,721 shares of the business services provider’s stock worth $21,138,000 after buying an additional 80,695 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Waste Management

In other Waste Management news, CAO John A. Carroll sold 1,021 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $234.71, for a total value of $239,638.91. Following the completion of the transaction, the chief accounting officer directly owned 8,309 shares of the company’s stock, valued at $1,950,205.39. This represents a 10.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James C. Fish, Jr. sold 5,706 shares of Waste Management stock in a transaction dated 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 sale, the chief executive officer directly owned 220,087 shares in the company, valued at approximately $50,811,485.69. The trade was a 2.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 62,820 shares of company stock valued at $14,487,482. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Stock Up 2.9%

Shares of NYSE WM opened at $240.78 on Friday. The stock has a fifty day moving average price of $225.57 and a 200 day moving average price of $219.33. 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 12-month low of $194.11 and a 12-month high of $242.58. The company has a market cap of $97.12 billion, a P/E ratio of 35.94, a P/E/G ratio of 2.55 and a beta of 0.58.

Waste Management (NYSE:WM) last issued its 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). The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Waste Management had a return on equity of 32.45% and a net margin of 10.74%.Waste Management’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 EPS. Research analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WM has been the topic of several recent analyst reports. Scotiabank reiterated a “sector perform” rating and set a $250.00 price objective (down from $254.00) on shares of Waste Management in a report on Wednesday, January 21st. Oppenheimer increased 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. Robert W. Baird raised shares of Waste Management from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $238.00 to $242.00 in a research note on Tuesday, November 4th. Sanford C. Bernstein increased their target price on Waste Management from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Finally, Citigroup lowered their price target on Waste Management from $270.00 to $263.00 and set a “buy” rating for the company in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $253.55.

Waste Management News Roundup

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

• Positive Sentiment: Broader market/industry tailwind — a report highlights long-term growth in the healthcare waste-management market, which supports demand for regulated waste services and can benefit large, diversified providers like WM. Healthcare Waste Management Market Size
• Positive Sentiment: Price momentum since earnings — investor notes point out WM has rallied since its last quarterly report, prompting discussion of whether that momentum can continue (supports short-term buying interest). Zacks: WM Up Since Earnings
• Neutral Sentiment: Relative performance debate — a Barchart piece notes WM has lagged the S&P 500 over the past year but reports analysts remain moderately optimistic; this frames the stock as undervalued by some and fairly valued by others. Is WM Underperforming the S&P 500?
• Neutral Sentiment: Sector peer activity — news of contract wins at smaller regional waste/cleaning firms highlights steady demand in services markets but has limited direct impact on WM’s fundamentals. Primech Contract Wins
• Negative Sentiment: Insider selling — WM’s CAO John A. Carroll sold 37 shares (small dollar amount) in a disclosed SEC filing; while the size is minor, insider sales can create short-term sentiment pressure. CAO Sale SEC Filing
• Negative Sentiment: Insider selling — WM’s CFO David L. Reed also sold 37 shares (disclosed in SEC filing); again small in size but contributes to the narrative of insider trimming. CFO Sale SEC Filing
• Negative Sentiment: Institutional reduction — Aster Capital significantly trimmed its WM stake (reported reduction), a data point that can amplify selling pressure from funds rebalancing. Aster Capital Reduces Position
• Negative Sentiment: Valuation critique — analysis on Seeking Alpha calls WM a reliable dividend name but argues the stock trades at a premium, highlighting valuation as a potential restraint on further multiple expansion. Seeking Alpha: Dividend Darling, But Premium Stinks

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.