Catalyst Capital Advisors LLC Has $1.13 Million Stake in Waste Management, Inc. (NYSE:WM)

Catalyst Capital Advisors LLC grew its position in Waste Management, Inc. (NYSE:WM) by 8.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,586 shares of the business services provider’s stock after buying an additional 441 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Waste Management were worth $1,127,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Strategic Advisors LLC boosted its stake in Waste Management by 9.0% in the fourth quarter. Strategic Advisors LLC now owns 38,192 shares of the business services provider’s stock valued at $7,707,000 after buying an additional 3,164 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Waste Management in the fourth quarter worth about $36,000. WBH Advisory Inc. boosted its stake in shares of Waste Management by 3.2% in the 4th quarter. WBH Advisory Inc. now owns 7,617 shares of the business services provider’s stock valued at $1,537,000 after purchasing an additional 237 shares in the last quarter. Rogco LP increased its position in Waste Management by 1.1% during the 4th quarter. Rogco LP now owns 5,953 shares of the business services provider’s stock worth $1,201,000 after purchasing an additional 66 shares in the last quarter. Finally, Monument Capital Management lifted its stake in Waste Management by 2.3% in the 4th quarter. Monument Capital Management now owns 5,574 shares of the business services provider’s stock valued at $1,125,000 after purchasing an additional 126 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WM. StockNews.com downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Argus lifted their price target on Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Royal Bank of Canada raised their price objective 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, Oppenheimer boosted their target price on shares of Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Nine research 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $235.94.

Waste Management Trading Up 0.1 %

Shares of WM stock opened at $227.80 on Tuesday. The company has a market cap of $91.43 billion, a P/E ratio of 33.50, a PEG ratio of 2.70 and a beta of 0.78. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $230.39. The stock has a 50 day simple moving average of $212.11 and a two-hundred day simple moving average of $212.29. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. Research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Insider Transactions at Waste Management

In other news, VP Donald J. Smith sold 191 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.22, for a total transaction of $42,062.02. Following the transaction, the vice president now directly owns 6,129 shares of the company’s stock, valued at $1,349,728.38. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tara J. Hemmer sold 4,576 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the sale, the senior vice president now owns 58,765 shares of the company’s stock, valued at $13,052,881.80. This trade represents a 7.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,055 shares of company stock valued at $3,578,340 in the last 90 days. 0.18% of the stock is currently owned by corporate 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.