10,696 Shares in Waste Management, Inc. $WM Bought by Krilogy Financial LLC

Krilogy Financial LLC bought a new stake in Waste Management, Inc. (NYSE:WM) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,696 shares of the business services provider’s stock, valued at approximately $2,362,000.

Several other hedge funds have also modified their holdings of the company. Cornerstone Planning Group LLC grew its position in shares of Waste Management by 101.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock worth $29,000 after buying an additional 67 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in Waste Management in the second quarter valued at approximately $40,000. Steigerwald Gordon & Koch Inc. purchased a new position in Waste Management in the third quarter worth $41,000. Wealth Watch Advisors INC acquired a new position in shares of Waste Management during the second quarter worth $43,000. Finally, Costello Asset Management INC purchased a new stake in shares of Waste Management during the 3rd quarter valued at $49,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WM. Barclays dropped their target price on Waste Management from $266.00 to $265.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Scotiabank reissued a “sector perform” rating and issued a $250.00 price target (down previously from $254.00) on shares of Waste Management in a report on Wednesday, January 21st. DZ Bank started coverage on Waste Management in a research note on Tuesday, November 25th. They set a “buy” rating and a $250.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on shares of Waste Management from $255.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. Finally, Citigroup cut their price target on shares of Waste Management from $270.00 to $263.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $253.55.

Waste Management Price Performance

Shares of NYSE:WM opened at $234.36 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $242.58. The company’s 50 day moving average is $221.19 and its 200 day moving average is $219.26. The company has a market cap of $94.53 billion, a PE ratio of 34.98, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.02). Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The business had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same period last year, the company earned $1.70 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management News Summary

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Analysts remain broadly positive on WM: several firms have raised price targets and maintained buy/outperform views, and the consensus price target sits well above the current share price — supporting demand for the stock. Waste Management Stock: Analyst Estimates & Ratings
• Neutral Sentiment: Local PR: Waste Management’s recycling work at the WM Phoenix Open (900+ tons diverted annually) is positive for brand and ESG positioning but unlikely to move near-term earnings or the stock materially. WM Phoenix Open recycles more than 900 tons of trash each year
• Neutral Sentiment: Broader market/sector headlines are active (e.g., energy/midstream stories) and can influence flows, but they do not directly change WM’s waste-management fundamentals. Williams Companies Stock Climbs as Investors Focus on Gas Demand
• Negative Sentiment: Insider selling: CEO James Fish, Jr. disclosed multiple open-market sales this week (657; 5,706; and 30,390 shares on Feb. 6, 10 and 9 respectively), totaling 36,753 shares for roughly $8.47M at ~ $230 per share and materially reducing his stake in the largest filing. While insiders sell for many reasons (diversification, taxes), the concentrated, recent selling is a negative signal that some investors may view as profit-taking or a near-term caution. SEC filing: SEC Filing – Insider Sales

Insider Activity at Waste Management

In related news, CAO John A. Carroll sold 220 shares of Waste Management stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $219.57, for a total transaction of $48,305.40. Following the completion of the transaction, the chief accounting officer directly owned 9,330 shares in the company, valued at approximately $2,048,588.10. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David L. Reed sold 270 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $218.62, for a total value of $59,027.40. Following the completion of the sale, the chief financial officer owned 8,843 shares in the company, valued at approximately $1,933,256.66. This represents a 2.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 43,559 shares of company stock worth $9,959,299 in the last three months. Company insiders own 0.18% of the company’s stock.

About Waste Management

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.