Waste Management, Inc. (NYSE:WM) Stake Raised by Ingalls & Snyder LLC

Ingalls & Snyder LLC raised its position in shares of Waste Management, Inc. (NYSE:WM) by 1.9% in the fourth quarter, Holdings Channel reports. The firm owned 19,986 shares of the business services provider’s stock after buying an additional 375 shares during the period. Ingalls & Snyder LLC’s holdings in Waste Management were worth $4,033,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WM. Activest Wealth Management raised its stake in shares of Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares in the last quarter. Global Wealth Strategies & Associates raised its stake in shares of Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. General Partner Inc. purchased a new stake in shares of Waste Management during the 4th quarter worth about $29,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Waste Management during the 4th quarter worth about $35,000. Finally, Richardson Financial Services Inc. raised its stake in shares of Waste Management by 65.7% during the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider’s stock worth $35,000 after purchasing an additional 69 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Oppenheimer increased their price objective on Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Royal Bank of Canada increased their price objective on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Jefferies Financial Group lowered their price objective on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. UBS Group increased their price objective on Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, William Blair reissued an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Ten 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 presently has an average rating of “Moderate Buy” and an average price target of $234.50.

Insider Buying and Selling at Waste Management

In other news, EVP Charles C. Boettcher sold 693 shares of Waste Management stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.59, for a total value of $152,868.87. Following the completion of the sale, the executive vice president now directly owns 45,542 shares of the company’s stock, valued at approximately $10,046,109.78. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO John A. Carroll sold 209 shares of Waste Management stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.55, for a total value of $46,094.95. Following the completion of the sale, the chief accounting officer now directly owns 9,066 shares of the company’s stock, valued at $1,999,506.30. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,055 shares of company stock worth $3,578,340. 0.18% of the stock is currently owned by insiders.

Waste Management Price Performance

Shares of WM stock opened at $227.42 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $91.28 billion, a P/E ratio of 33.44, a P/E/G ratio of 2.70 and a beta of 0.78. Waste Management, Inc. has a 12 month low of $194.20 and a 12 month high of $230.39. The stock has a 50 day moving average of $211.89 and a two-hundred day moving average of $211.74.

Waste Management (NYSE:WM) last posted its earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS 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%. As a group, equities analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management 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.