Waste Management, Inc. (NYSE:WM) CFO Devina A. Rankin sold 856 shares of Waste Management stock in a transaction on Friday, February 16th. The shares were sold at an average price of $84.11, for a total value of $71,998.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Waste Management, Inc. (WM) opened at $84.87 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.77 and a debt-to-equity ratio of 1.45. Waste Management, Inc. has a fifty-two week low of $70.08 and a fifty-two week high of $89.73. The company has a market capitalization of $36,850.00, a price-to-earnings ratio of 14.68, a PEG ratio of 1.93 and a beta of 0.70.
Waste Management (NYSE:WM) last posted its quarterly earnings results on Thursday, February 15th. The business services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. Waste Management had a return on equity of 106.37% and a net margin of 41.02%. The company had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. Waste Management’s revenue was up 5.5% on a year-over-year basis. research analysts expect that Waste Management, Inc. will post 4.04 earnings per share for the current fiscal year.
Waste Management declared that its board has approved a share repurchase program on Thursday, December 14th that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Several brokerages have weighed in on WM. Macquarie raised Waste Management from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 3rd. BMO Capital Markets lifted their price objective on Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Saturday, February 10th. Raymond James Financial raised Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 price objective for the company in a report on Friday, February 16th. Finally, Stifel Nicolaus raised Waste Management from a “hold” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $95.00 in a report on Monday, December 11th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $86.90.
Several institutional investors have recently bought and sold shares of WM. MHI Funds LLC bought a new stake in Waste Management during the 4th quarter worth $184,000. Cerebellum GP LLC bought a new stake in Waste Management during the 4th quarter worth $186,000. Gradient Investments LLC bought a new stake in Waste Management during the 4th quarter worth $197,000. FTB Advisors Inc. grew its position in Waste Management by 44.2% during the 4th quarter. FTB Advisors Inc. now owns 2,285 shares of the business services provider’s stock worth $197,000 after acquiring an additional 700 shares during the last quarter. Finally, WealthPLAN Partners LLC bought a new stake in Waste Management during the 4th quarter worth $201,000. 75.70% of the stock is owned by institutional investors.
Waste Management Company Profile
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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