Key Points
- Rafael Carrasco, SVP of Waste Management, sold 7,352 shares on Feb. 13 at an average price of $234.50 for about $1.724M, cutting his ownership by 32.12% to 15,540 shares (valued ~ $3.64M).
- Waste Management missed quarterly consensus slightly (EPS $1.93 vs. $1.95; revenue $6.31B vs. $6.39B), the stock has a market cap of ~$94.8B and a PE of 35.06, and the consensus analyst rating is a "Moderate Buy" with an average target of $253.55.
Waste Management, Inc. (NYSE:WM - Get Free Report) SVP Rafael Carrasco sold 7,352 shares of the firm's stock in a transaction on Friday, February 13th. The shares were sold at an average price of $234.50, for a total value of $1,724,044.00. Following the completion of the sale, the senior vice president owned 15,540 shares in the company, valued at $3,644,130. The trade was a 32.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $217.06, for a total transaction of $299,542.80.
Waste Management Stock Performance
WM opened at $234.93 on Wednesday. The business's 50 day moving average is $222.94 and its 200-day moving average is $219.25. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.22. The stock has a market cap of $94.76 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 2.48 and a beta of 0.58. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $242.58.
Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.02). The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.39 billion. Waste Management had a return on equity of 32.45% and a net margin of 10.74%.The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.70 EPS. On average, analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.
Hedge Funds Weigh In On Waste Management
Several institutional investors and hedge funds have recently added to or reduced their stakes in WM. Vanguard Group Inc. lifted its stake in Waste Management by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider's stock worth $8,566,508,000 after acquiring an additional 553,605 shares in the last quarter. State Street Corp lifted its position in shares of Waste Management by 1.6% in the fourth quarter. State Street Corp now owns 17,390,748 shares of the business services provider's stock worth $3,820,921,000 after purchasing an additional 281,456 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Waste Management by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider's stock worth $1,972,371,000 after purchasing an additional 117,476 shares during the period. Ameriprise Financial Inc. grew its position in Waste Management by 5.1% during the third quarter. Ameriprise Financial Inc. now owns 5,668,221 shares of the business services provider's stock valued at $1,250,613,000 after purchasing an additional 277,250 shares in the last quarter. Finally, Norges Bank acquired a new position in Waste Management in the 4th quarter valued at approximately $1,022,916,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Citigroup cut 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. JPMorgan Chase & Co. boosted their price target on shares of Waste Management from $255.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, December 1st. Canadian Imperial Bank of Commerce reduced 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. Weiss Ratings upgraded shares of Waste Management from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, February 9th. Finally, Sanford C. Bernstein raised their target price on shares of Waste Management from $255.00 to $260.00 and gave the stock an "outperform" rating in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Waste Management currently has a consensus rating of "Moderate Buy" and an average target price of $253.55.
Check Out 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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