Catalyst Financial Partners LLC raised its holdings in Waste Management, Inc. (NYSE:WM – Free Report) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,039 shares of the business services provider’s stock after purchasing an additional 48 shares during the period. Catalyst Financial Partners LLC’s holdings in Waste Management were worth $411,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Activest Wealth Management lifted its holdings in shares of Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after acquiring an additional 120 shares during the period. Global Wealth Strategies & Associates lifted its holdings in shares of Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares during the period. General Partner Inc. bought a new stake in shares of Waste Management during the 4th quarter worth approximately $29,000. Sugar Maple Asset Management LLC bought a new stake in shares of Waste Management during the 4th quarter worth approximately $35,000. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Waste Management by 65.7% during the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock worth $35,000 after acquiring an additional 69 shares during the period. Institutional investors own 80.40% of the company’s stock.
Insider Transactions at Waste Management
In other news, SVP Rafael Carrasco sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $225.89, for a total value of $903,560.00. Following the completion of the transaction, the senior vice president now directly owns 18,531 shares in the company, valued at approximately $4,185,967.59. This trade represents a 17.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Donald J. Smith sold 191 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.22, for a total transaction of $42,062.02. Following the completion of the transaction, the vice president now owns 6,129 shares of the company’s stock, valued at $1,349,728.38. This trade represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,055 shares of company stock worth $3,578,340 over the last quarter. Corporate insiders own 0.18% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on WM
Waste Management Price Performance
WM opened at $227.80 on Friday. The company has a market capitalization of $91.43 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 2.70 and a beta of 0.78. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The firm has a 50-day moving average price of $212.00 and a 200-day moving average price of $211.96. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $230.39.
Waste Management (NYSE:WM – Get Free Report) last posted its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. Equities analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.
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.
Read More
- Five stocks we like better than Waste Management
- Financial Services Stocks Investing
- NVIDIA’s Hidden AI Play: The Truth Behind Its WeRide Investment
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Up 50% in January, Twilio’s Pullback Is the Time to Buy
- How to Find Undervalued Stocks
- Watch These 3 Stocks—High Short Interest and Big Upside Potential
Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM – Free Report).
Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.