Naples Global Advisors LLC Buys 950 Shares of Waste Management, Inc. (NYSE:WM)

Naples Global Advisors LLC grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 7.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 14,302 shares of the business services provider’s stock after acquiring an additional 950 shares during the quarter. Naples Global Advisors LLC’s holdings in Waste Management were worth $2,886,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WM. International Assets Investment Management LLC lifted its position in Waste Management by 94,414.4% during the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after purchasing an additional 2,588,842 shares during the period. Swedbank AB raised its position in shares of Waste Management by 67.2% in the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock valued at $366,537,000 after buying an additional 709,678 shares in the last quarter. Parnassus Investments LLC lifted its holdings in shares of Waste Management by 11.3% during the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after acquiring an additional 520,096 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of Waste Management by 32.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock worth $374,062,000 after acquiring an additional 437,613 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in Waste Management by 138.0% in the third quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock valued at $149,168,000 after acquiring an additional 416,579 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Raymond James raised their target price on Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Scotiabank lifted their target price on Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. UBS Group increased their target price on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Oppenheimer lifted their price target on shares of Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $234.50.

Waste Management Stock Performance

Shares of WM opened at $227.42 on Thursday. Waste Management, Inc. has a one year low of $194.20 and a one year high of $230.39. The company has a market cap of $91.28 billion, a PE ratio of 33.44, a P/E/G ratio of 2.70 and a beta of 0.78. The stock has a 50-day moving average of $211.89 and a 200-day moving average of $211.74. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85.

Waste Management (NYSE:WM) last released 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, equities research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Insider Buying and Selling at Waste Management

In related news, SVP Rafael Carrasco sold 4,000 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $225.89, for a total transaction of $903,560.00. Following the completion of the sale, the senior vice president now owns 18,531 shares in the company, valued at approximately $4,185,967.59. This represents a 17.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Charles C. Boettcher sold 693 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.59, for a total value of $152,868.87. Following the transaction, the executive vice president now owns 45,542 shares in the company, valued at approximately $10,046,109.78. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,055 shares of company stock worth $3,578,340. 0.18% of the stock is owned by corporate insiders.

Waste Management 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.