Elo Mutual Pension Insurance Co Has $6.61 Million Stock Position in Waste Management, Inc. $WM

Elo Mutual Pension Insurance Co raised its stake in Waste Management, Inc. (NYSE:WM) by 13.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,922 shares of the business services provider’s stock after acquiring an additional 3,479 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Waste Management were worth $6,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of WM. Brighton Jones LLC lifted its holdings in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after buying an additional 2,320 shares in the last quarter. Sprott Inc. acquired a new position in shares of Waste Management during the first quarter valued at $325,000. Assetmark Inc. boosted its holdings in Waste Management by 67.2% in the second quarter. Assetmark Inc. now owns 3,733 shares of the business services provider’s stock valued at $854,000 after acquiring an additional 1,500 shares during the last quarter. IFG Advisory LLC increased its position in Waste Management by 9.1% in the second quarter. IFG Advisory LLC now owns 1,420 shares of the business services provider’s stock worth $325,000 after purchasing an additional 118 shares during the period. Finally, GHP Investment Advisors Inc. raised its holdings in Waste Management by 26.6% during the 2nd quarter. GHP Investment Advisors Inc. now owns 1,032 shares of the business services provider’s stock worth $236,000 after purchasing an additional 217 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Waste Management

In other news, SVP Tara J. Hemmer sold 690 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $219.71, for a total value of $151,599.90. Following the completion of the transaction, the senior vice president owned 83,736 shares in the company, valued at $18,397,636.56. This trade represents a 0.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO John A. Carroll sold 1,021 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $234.71, for a total value of $239,638.91. Following the sale, the chief accounting officer owned 8,309 shares in the company, valued at $1,950,205.39. The trade was a 10.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 62,820 shares of company stock worth $14,487,482. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup lowered their price target on shares of Waste Management from $270.00 to $263.00 and set a “buy” rating for the company in a research report on Friday, January 16th. DZ Bank assumed coverage on shares of Waste Management in a report on Tuesday, November 25th. They set a “buy” rating and a $250.00 target price for the company. Scotiabank reissued a “sector perform” rating and issued a $250.00 price target (down from $254.00) on shares of Waste Management in a research note on Wednesday, January 21st. Wells Fargo & Company raised their price target on Waste Management from $246.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Finally, Robert W. Baird upgraded Waste Management from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $238.00 to $242.00 in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $253.55.

Waste Management Price Performance

WM stock opened at $243.05 on Tuesday. The stock has a 50-day moving average price of $226.04 and a two-hundred day moving average price of $219.37. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $244.61. The stock has a market cap of $98.03 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 2.55 and a beta of 0.57. 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 (NYSE:WM) last released its earnings results on Wednesday, January 28th. The business services provider reported $1.93 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 firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the previous year, the firm posted $1.70 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Equities analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management 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.