BTC Capital Management Inc. Boosts Holdings in Waste Management, Inc. $WM

BTC Capital Management Inc. lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 117.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 52,290 shares of the business services provider’s stock after acquiring an additional 28,207 shares during the period. BTC Capital Management Inc.’s holdings in Waste Management were worth $11,547,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Norges Bank purchased a new position in Waste Management during the second quarter worth approximately $1,064,206,000. Vontobel Holding Ltd. increased its holdings in shares of Waste Management by 444.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 2,206,026 shares of the business services provider’s stock worth $487,157,000 after buying an additional 1,800,728 shares during the last quarter. Sustainable Growth Advisers LP raised its position in shares of Waste Management by 55.5% in the 2nd quarter. Sustainable Growth Advisers LP now owns 2,897,636 shares of the business services provider’s stock worth $663,037,000 after buying an additional 1,034,258 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Waste Management by 982.3% in the third quarter. Assenagon Asset Management S.A. now owns 886,164 shares of the business services provider’s stock valued at $195,692,000 after acquiring an additional 804,285 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in Waste Management by 247.5% during the second quarter. Corient Private Wealth LLC now owns 868,780 shares of the business services provider’s stock valued at $198,799,000 after acquiring an additional 618,792 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Waste Management news, CEO James C. Fish, Jr. sold 5,706 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $230.87, for a total transaction of $1,317,344.22. Following the sale, the chief executive officer directly owned 220,087 shares of the company’s stock, valued at approximately $50,811,485.69. This represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO John A. Carroll sold 1,021 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $234.71, for a total transaction of $239,638.91. Following the completion of the transaction, the chief accounting officer owned 8,309 shares in the company, valued at approximately $1,950,205.39. The trade was a 10.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 44,580 shares of company stock valued at $10,198,938 over the last quarter. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Canadian Imperial Bank of Commerce cut their price objective on Waste Management from $235.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Morgan Stanley dropped their target price on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Robert W. Baird raised shares of Waste Management from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $238.00 to $242.00 in a research report on Tuesday, November 4th. Barclays decreased their price objective on shares of Waste Management from $266.00 to $265.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Finally, Citigroup cut their target price 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 equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $253.55.

Waste Management Stock Up 1.3%

Shares of Waste Management stock opened at $234.07 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 2.22. The business has a 50-day moving average price of $221.94 and a 200 day moving average price of $219.38. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $242.58. The firm has a market cap of $94.41 billion, a P/E ratio of 34.94, a P/E/G ratio of 2.44 and a beta of 0.58.

Waste Management (NYSE:WM) last issued its earnings results 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). The firm had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.39 billion. Waste Management had a return on equity of 32.45% and a net margin of 10.74%.Waste Management’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.70 EPS. On average, sell-side analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Trending Headlines about Waste Management

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

• Positive Sentiment: Independent valuation suggests WM is materially undervalued — a Yahoo Finance analysis estimates intrinsic value implying roughly a 22% upside versus the current price; that type of third‑party valuation can attract value-focused buyers. An Intrinsic Calculation For Waste Management, Inc. (NYSE:WM) Suggests It’s 22% Undervalued
• Positive Sentiment: Private‑equity M&A activity in the waste sector — Platinum Equity’s sale of Urbaser to Blackstone/EQT for $6.6B — highlights strong deal appetite and could re‑rate sector multiples if buyers pay premiums for scale and stable cash flows. Platinum Equity to sell waste management firm Urbaser to Blackstone, EQT for $6.6 billion
• Neutral Sentiment: Recent quarterly results showed revenue growth but a slight EPS miss vs. consensus (reported $1.93 vs. $1.95) and mixed analyst moves; consensus remains a Moderate Buy with a mid‑$250s price target—supportive longer‑term but not a catalyst by itself. MarketBeat coverage summarizing earnings and analyst commentary
• Negative Sentiment: Significant insider selling by senior executives — recent filings show the CEO sold multi‑million dollars of stock (reports: ~$1.32M and ~$7.00M) — which can spook some investors even when sales are pre‑planned or for diversification. Waste Management (NYSE:WM) CEO Sells $1,317,344.22 in Stock Waste Management (NYSE:WM) CEO Sells $7,000,640.40 in Stock
• Negative Sentiment: Additional insider disposals include CAO John Carroll selling 1,021 shares (SEC filing) and another director sale; smaller on an absolute basis but contributes to near‑term negative optics. John Carroll Sells 1,021 Shares of Waste Management (NYSE:WM) Stock James Fish, Jr. Sells 657 Shares of Waste Management (NYSE:WM) Stock

Waste Management Profile

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.