Guyasuta Investment Advisors Inc. Has $3.35 Million Stake in Waste Management, Inc. (NYSE:WM)

Guyasuta Investment Advisors Inc. lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 22.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,597 shares of the business services provider’s stock after purchasing an additional 3,000 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Waste Management were worth $3,349,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. WealthPlan Investment Management LLC raised its position in Waste Management by 10.0% in the 4th quarter. WealthPlan Investment Management LLC now owns 1,100 shares of the business services provider’s stock valued at $222,000 after buying an additional 100 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in Waste Management by 1.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 7,255 shares of the business services provider’s stock valued at $1,464,000 after buying an additional 130 shares during the last quarter. Spinnaker Trust raised its position in Waste Management by 7.4% in the 4th quarter. Spinnaker Trust now owns 3,614 shares of the business services provider’s stock valued at $729,000 after buying an additional 250 shares during the last quarter. ABC Arbitrage SA purchased a new stake in Waste Management in the 4th quarter valued at $3,953,000. Finally, Sage Advisors LLC raised its position in Waste Management by 15.2% in the 4th quarter. Sage Advisors LLC now owns 1,121 shares of the business services provider’s stock valued at $226,000 after buying an additional 148 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WM. Jefferies Financial Group reduced their price objective on Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Raymond James upped their price objective on Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada increased their price target on Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets increased their price target on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $234.50.

Waste Management Stock Up 0.1 %

Shares of NYSE:WM opened at $227.80 on Friday. The stock has a fifty day simple moving average of $212.00 and a two-hundred day simple moving average of $211.96. The stock 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. Waste Management, Inc. has a 12-month low of $196.59 and a 12-month high of $230.39. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last posted its quarterly 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%. On average, research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Insider Activity at Waste Management

In other Waste Management news, CFO Devina A. Rankin sold 5,826 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total transaction of $1,294,071.12. Following the completion of the sale, the chief financial officer now owns 69,442 shares of the company’s stock, valued at approximately $15,424,457.04. The trade was a 7.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Rafael Carrasco sold 4,000 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $225.89, for a total value of $903,560.00. Following the sale, the senior vice president now directly owns 18,531 shares of the company’s stock, valued at $4,185,967.59. This represents a 17.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,055 shares of company stock worth $3,578,340. 0.18% of the stock is owned by insiders.

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.