Rafael Carrasco Sells 7,352 Shares of Waste Management (NYSE:WM) Stock

Waste Management, Inc. (NYSE:WM) SVP Rafael Carrasco sold 7,352 shares of Waste Management stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $234.50, for a total transaction of $1,724,044.00. Following the transaction, the senior vice president directly owned 15,540 shares of the company’s stock, valued at $3,644,130. This represents a 32.12% 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 link.

Rafael Carrasco also recently made the following trade(s):

• On Friday, January 30th, Rafael Carrasco sold 690 shares of Waste Management stock. The stock was sold at an average price of $219.01, for a total transaction of $151,116.90.
• On Thursday, November 20th, Rafael Carrasco sold 1,380 shares of Waste Management stock. The stock was sold at an average price of $217.06, for a total value of $299,542.80.

Waste Management Price Performance

WM stock traded up $3.70 during midday trading on Tuesday, reaching $238.22. 841,918 shares of the company’s stock traded hands, compared to its average volume of 2,245,502. The company has a 50-day simple moving average of $222.42 and a two-hundred day simple moving average of $219.21. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $242.58. The company has a market cap of $96.08 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 2.48 and a beta of 0.58.

Waste Management (NYSE:WM) last announced 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). Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the previous year, the company posted $1.70 EPS. Waste Management’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WM. Canadian Imperial Bank of Commerce dropped their price objective on shares of Waste Management from $235.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Citigroup dropped their target price on Waste Management from $270.00 to $263.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Robert W. Baird upgraded Waste Management from a “neutral” rating to an “outperform” rating and raised their price target for the company from $238.00 to $242.00 in a report on Tuesday, November 4th. Morgan Stanley cut their target price on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Finally, Barclays cut their price objective on shares of Waste Management from $266.00 to $265.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.55.

Institutional Trading of Waste Management

Hedge funds have recently added to or reduced their stakes in the business. Cornercap Investment Counsel Inc. purchased a new stake in shares of Waste Management in the third quarter worth about $1,583,000. Lockheed Martin Investment Management Co. purchased a new position in Waste Management during the third quarter valued at approximately $3,092,000. Guerra Advisors Inc increased its holdings in Waste Management by 59.5% during the 3rd quarter. Guerra Advisors Inc now owns 9,037 shares of the business services provider’s stock worth $1,996,000 after acquiring an additional 3,371 shares during the period. Wealthfront Advisers LLC lifted its stake in Waste Management by 3.1% in the 2nd quarter. Wealthfront Advisers LLC now owns 57,093 shares of the business services provider’s stock worth $13,064,000 after purchasing an additional 1,698 shares in the last quarter. Finally, GPM Growth Investors Inc. boosted its holdings in Waste Management by 50.6% in the 2nd quarter. GPM Growth Investors Inc. now owns 16,640 shares of the business services provider’s stock valued at $3,808,000 after purchasing an additional 5,588 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Company 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.