Waste Management, Inc. (NYSE:WM) Shares Bought by PGGM Investments

PGGM Investments lifted its holdings in Waste Management, Inc. (NYSE:WM) by 58.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,567 shares of the business services provider’s stock after acquiring an additional 9,098 shares during the quarter. PGGM Investments’ holdings in Waste Management were worth $5,241,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hexagon Capital Partners LLC grew its position in Waste Management by 170.5% during the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after buying an additional 75 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Waste Management during the second quarter valued at $31,000. Sachetta LLC acquired a new stake in Waste Management during the fourth quarter valued at $27,000. Opal Wealth Advisors LLC acquired a new stake in Waste Management during the first quarter valued at $35,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in Waste Management during the fourth quarter valued at $36,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Up 0.2 %

Shares of WM stock traded up $0.37 during trading on Thursday, reaching $206.72. The company’s stock had a trading volume of 264,810 shares, compared to its average volume of 1,705,133. The company has a market capitalization of $82.91 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 2.30 and a beta of 0.74. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03. Waste Management, Inc. has a 1-year low of $149.71 and a 1-year high of $225.00. The stock’s 50-day moving average price is $208.75 and its 200 day moving average price is $206.78.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.43 billion. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.51 EPS. On average, research analysts anticipate that Waste Management, Inc. will post 7.24 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on WM shares. Robert W. Baird decreased their price objective on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Erste Group Bank reaffirmed a “hold” rating on shares of Waste Management in a report on Friday, June 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Waste Management in a report on Wednesday, May 22nd. They set a “buy” rating and a $241.00 price objective on the stock. CIBC decreased their price objective on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Finally, The Goldman Sachs Group raised shares of Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Eleven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $215.83.

Insider Transactions at Waste Management

In related news, VP Michael J. Watson sold 1,500 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the sale, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Michael J. Watson sold 1,500 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the sale, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Michael J. Watson sold 4,208 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the sale, the vice president now owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.