Waste Management, Inc. (NYSE:WM – Get Free Report) VP Michael J. Watson sold 5,732 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $227.51, for a total value of $1,304,087.32. Following the completion of the transaction, the vice president now directly owns 55,587 shares in the company, valued at approximately $12,646,598.37. This represents a 9.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Waste Management Stock Up 0.4 %
Shares of NYSE WM traded up $0.91 during trading on Tuesday, hitting $230.59. The stock had a trading volume of 1,931,447 shares, compared to its average volume of 1,673,314. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85. The firm has a fifty day moving average of $213.79 and a two-hundred day moving average of $213.29. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $232.44. The company has a market capitalization of $92.72 billion, a PE ratio of 33.91, a PEG ratio of 2.71 and a beta of 0.78.
Waste Management (NYSE:WM – Get Free Report) last posted its earnings results 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 return on equity of 37.93% and a net margin of 12.45%. As a group, equities research analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.
Waste Management Increases Dividend
Analysts Set New Price Targets
Several research firms have weighed in on WM. Raymond James raised their price objective on shares of Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Argus lifted their price target on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Truist Financial increased their target price on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their price target on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Finally, William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and a consensus price target of $235.94.
Check Out Our Latest Stock Analysis on Waste Management
Hedge Funds Weigh In On Waste Management
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new stake in Waste Management in the fourth quarter worth $475,000. Leigh Baldwin & CO. LLC purchased a new stake in Waste Management during the fourth quarter valued at about $1,018,000. Armis Advisers LLC bought a new position in Waste Management during the fourth quarter worth about $236,000. Integrated Advisors Network LLC increased its stake in shares of Waste Management by 5.8% in the fourth quarter. Integrated Advisors Network LLC now owns 5,430 shares of the business services provider’s stock worth $1,096,000 after purchasing an additional 300 shares in the last quarter. Finally, Hall Capital Management Co. Inc. purchased a new stake in shares of Waste Management during the 4th quarter valued at approximately $4,098,000. 80.40% of the stock is owned by hedge funds and other institutional investors.
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.
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