G&S Capital LLC Lowers Position in Waste Management, Inc. (NYSE:WM)

G&S Capital LLC reduced its position in Waste Management, Inc. (NYSE:WM) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,151 shares of the business services provider’s stock after selling 201 shares during the period. G&S Capital LLC’s holdings in Waste Management were worth $2,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Waste Management by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider’s stock worth $1,686,203,000 after acquiring an additional 168,818 shares in the last quarter. Parnassus Investments LLC boosted its position in Waste Management by 11.3% during the third quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after purchasing an additional 520,096 shares in the last quarter. Nordea Investment Management AB grew its holdings in Waste Management by 7.1% in the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after purchasing an additional 280,455 shares during the period. International Assets Investment Management LLC increased its position in shares of Waste Management by 94,414.4% in the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock valued at $538,013,000 after buying an additional 2,588,842 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Waste Management by 12.8% during the 3rd quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock worth $505,175,000 after buying an additional 276,287 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Buying and Selling

In other Waste Management news, CAO John A. Carroll sold 209 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.55, for a total value of $46,094.95. Following the transaction, the chief accounting officer now owns 9,066 shares of the company’s stock, valued at $1,999,506.30. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Devina A. Rankin sold 5,826 shares of Waste Management stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total transaction of $1,294,071.12. Following the sale, the chief financial officer now owns 69,442 shares of the company’s stock, valued at approximately $15,424,457.04. This represents a 7.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,055 shares of company stock worth $3,578,340. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on WM shares. Citigroup lifted their price target on shares of Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Raymond James boosted their target price on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Argus raised their price target on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus boosted their price objective on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada raised their target price on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $234.50.

Waste Management Trading Up 0.3 %

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. Waste Management, Inc. has a twelve month low of $194.20 and a twelve month high of $230.39. The company’s 50-day moving average price is $211.93 and its 200-day moving average price is $211.85. The stock has a market cap of $91.28 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 2.70 and a beta of 0.78.

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

About Waste Management

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.