CHICAGO TRUST Co NA Sells 1,550 Shares of Waste Management, Inc. (NYSE:WM)

CHICAGO TRUST Co NA cut its stake in Waste Management, Inc. (NYSE:WM) by 22.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,383 shares of the business services provider’s stock after selling 1,550 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Waste Management were worth $621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WM. Executive Wealth Management LLC purchased a new stake in Waste Management during the 4th quarter valued at $26,000. Washington Trust Bank purchased a new position in Waste Management in the first quarter worth about $28,000. Joseph P. Lucia & Associates LLC purchased a new position in Waste Management in the first quarter worth about $31,000. Hanson McClain Inc. grew its position in Waste Management by 51.0% in the first quarter. Hanson McClain Inc. now owns 302 shares of the business services provider’s stock worth $31,000 after acquiring an additional 102 shares in the last quarter. Finally, TCI Wealth Advisors Inc. grew its position in Waste Management by 108.9% in the first quarter. TCI Wealth Advisors Inc. now owns 376 shares of the business services provider’s stock worth $39,000 after acquiring an additional 196 shares in the last quarter. Institutional investors own 73.59% of the company’s stock.

Several research firms have recently weighed in on WM. Oppenheimer reaffirmed a “market perform” rating on shares of Waste Management in a research note on Thursday, July 18th. UBS Group reaffirmed a “hold” rating on shares of Deutsche Bank in a research note on Thursday, April 4th. Scotiabank began coverage on shares of Waste Management in a research note on Monday. They set an “outperform” rating for the company. CIBC reaffirmed a “hold” rating and set a $2.50 price target on shares of Advantage Oil & Gas in a research note on Thursday, July 18th. Finally, Royal Bank of Canada set a €67.00 ($77.91) price target on shares of Daimler and gave the company a “buy” rating in a research note on Monday, June 3rd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $111.67.

NYSE:WM traded up $1.78 during trading hours on Friday, reaching $118.50. The company’s stock had a trading volume of 1,680,326 shares, compared to its average volume of 1,497,891. The stock has a market cap of $50.01 billion, a P/E ratio of 28.21, a P/E/G ratio of 3.15 and a beta of 0.62. Waste Management, Inc. has a 12 month low of $83.22 and a 12 month high of $118.89. The company has a quick ratio of 0.66, a current ratio of 0.69 and a debt-to-equity ratio of 1.45. The firm has a 50 day simple moving average of $115.95.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.94 billion. Waste Management had a net margin of 12.43% and a return on equity of 29.12%. Waste Management’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 earnings per share. On average, analysts expect that Waste Management, Inc. will post 4.3 EPS for the current fiscal year.

In other Waste Management news, Director Patrick W. Gross sold 289 shares of Waste Management stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $118.61, for a total value of $34,278.29. Following the transaction, the director now directly owns 53,378 shares of the company’s stock, valued at $6,331,164.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John J. Morris sold 42,795 shares of Waste Management stock in a transaction on Monday, April 29th. The stock was sold at an average price of $106.38, for a total transaction of $4,552,532.10. Following the completion of the transaction, the executive vice president now directly owns 101,332 shares in the company, valued at $10,779,698.16. The disclosure for this sale can be found here. Insiders sold 128,098 shares of company stock worth $14,483,420 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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