WASHINGTON TRUST Co Buys 121 Shares of Waste Management, Inc. (NYSE:WM)

WASHINGTON TRUST Co boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,423 shares of the business services provider’s stock after buying an additional 121 shares during the quarter. WASHINGTON TRUST Co’s holdings in Waste Management were worth $10,377,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management grew its holdings in Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 120 shares during the last quarter. Global Wealth Strategies & Associates grew its stake in shares of Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. General Partner Inc. purchased a new stake in shares of Waste Management in the fourth quarter worth approximately $29,000. Sugar Maple Asset Management LLC purchased a new position in Waste Management during the 4th quarter valued at $35,000. Finally, Pineridge Advisors LLC bought a new position in Waste Management in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

WM has been the topic of a number of research analyst reports. Truist Financial upped their price target on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Raymond James upped their target price on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Morgan Stanley lifted their price target on shares of Waste Management from $227.00 to $235.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Oppenheimer raised their price objective on Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, CIBC upped their target price on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and an average price target of $234.50.

Insider Activity

In related news, CFO Devina A. Rankin sold 5,826 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,294,071.12. Following the transaction, the chief financial officer now owns 69,442 shares in the company, valued at approximately $15,424,457.04. This represents a 7.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Donald J. Smith sold 191 shares of Waste Management 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 sale, the vice president now owns 6,129 shares of the company’s stock, valued at approximately $1,349,728.38. The trade was a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,055 shares of company stock valued at $3,578,340 over the last ninety days. 0.18% of the stock is currently owned by insiders.

Waste Management Trading Up 0.1 %

Shares of NYSE:WM opened at $227.80 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The firm has a market capitalization of $91.43 billion, a P/E ratio of 33.50, a P/E/G ratio of 2.70 and a beta of 0.78. The business’s 50-day moving average is $212.00 and its 200 day moving average is $211.96. Waste Management, Inc. has a 1 year low of $196.59 and a 1 year high of $230.39.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. On average, research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Company Profile

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.