Key Points
- John Carroll, Waste Management's CAO, sold 1,021 shares on Feb. 11 at an average price of $234.71 for $239,638.91, trimming his holding by 10.94% to 8,309 shares.
- Waste Management reported quarterly EPS of $1.93 versus a $1.95 consensus and revenue of $6.31B versus a $6.39B estimate, with revenue up 7.1% year‑over‑year and a net margin of 10.74%.
- The stock opened near $231.18 and was down about 1.5%; analysts rate the shares a "Moderate Buy" with a consensus target of $253.55, and institutional investors own roughly 80.4% of the company.
Waste Management, Inc. (NYSE:WM - Get Free Report) CAO John Carroll sold 1,021 shares of the business'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 sale, the chief accounting officer owned 8,309 shares in the company, valued at approximately $1,950,205.39. This trade represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Waste Management Trading Down 1.5%
Shares of WM stock opened at $231.18 on Friday. The company has a market cap of $93.24 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58. The stock's 50 day simple moving average is $221.53 and its two-hundred day simple moving average is $219.34. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.80.
Waste Management (NYSE:WM - Get Free Report) last released its earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.02). The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.39 billion. Waste Management had a net margin of 10.74% and a return on equity of 32.45%. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 EPS. Research analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.
Institutional Investors Weigh In On Waste Management
Several large investors have recently modified their holdings of the business. Elevated Capital Advisors LLC bought a new position in Waste Management in the fourth quarter worth approximately $25,000. Cornerstone Planning Group LLC lifted its stake in shares of Waste Management by 101.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider's stock worth $29,000 after purchasing an additional 67 shares during the last quarter. RHL Group LLC purchased a new position in Waste Management in the fourth quarter valued at about $29,000. JPL Wealth Management LLC purchased a new stake in shares of Waste Management during the third quarter valued at about $30,000. Finally, Kelleher Financial Advisors bought a new stake in shares of Waste Management in the 4th quarter valued at about $31,000. Institutional investors own 80.40% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Scotiabank reiterated a "sector perform" rating and set a $250.00 price target (down from $254.00) on shares of Waste Management in a report on Wednesday, January 21st. Morgan Stanley decreased their price target on Waste Management from $232.00 to $230.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 17th. Weiss Ratings raised Waste Management from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday. Oppenheimer boosted their target price on shares of Waste Management from $263.00 to $264.00 and gave the company an "outperform" rating in a research note on Friday, January 30th. Finally, DZ Bank started coverage on shares of Waste Management in a report on Tuesday, November 25th. They set a "buy" rating and a $250.00 price objective for the company. One investment 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $253.55.
Get Our Latest Research Report on Waste Management
Waste Management Company Profile
(
Get Free Report)
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.
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