Norinchukin Bank The raised its stake in Waste Management, Inc. (NYSE:WM) by 5.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 33,740 shares of the business services provider’s stock after purchasing an additional 1,807 shares during the quarter. Norinchukin Bank The’s holdings in Waste Management were worth $2,912,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. California Public Employees Retirement System increased its holdings in shares of Waste Management by 6.2% in the 3rd quarter. California Public Employees Retirement System now owns 1,466,158 shares of the business services provider’s stock worth $114,756,000 after buying an additional 85,636 shares during the last quarter. Yellowstone Partners LLC bought a new position in shares of Waste Management in the 3rd quarter worth $449,000. Personal Capital Advisors Corp increased its holdings in shares of Waste Management by 24.0% in the 3rd quarter. Personal Capital Advisors Corp now owns 163,337 shares of the business services provider’s stock worth $12,784,000 after buying an additional 31,585 shares during the last quarter. Lourd Capital LLC bought a new position in shares of Waste Management in the 4th quarter worth $256,000. Finally, Moody Lynn & Lieberson LLC increased its holdings in shares of Waste Management by 20.1% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 171,716 shares of the business services provider’s stock worth $13,440,000 after buying an additional 28,760 shares during the last quarter. 75.70% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently commented on the stock. KeyCorp reaffirmed a “buy” rating and set a $88.00 target price on shares of Waste Management in a report on Friday, October 27th. Zacks Investment Research raised shares of Waste Management from a “sell” rating to a “hold” rating in a report on Friday, October 27th. BMO Capital Markets increased their target price on shares of Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Oppenheimer increased their target price on shares of Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Finally, Credit Suisse Group set a $90.00 target price on shares of Waste Management and gave the company a “buy” rating in a report on Monday, October 30th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Waste Management has a consensus rating of “Buy” and a consensus target price of $86.90.
In other Waste Management news, SVP Barry H. Caldwell sold 1,840 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $84.10, for a total value of $154,744.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Barry H. Caldwell sold 1,650 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total transaction of $133,815.00. The disclosure for this sale can be found here. In the last three months, insiders sold 6,892 shares of company stock worth $576,258. Insiders own 0.19% of the company’s stock.
Waste Management, Inc. (WM) opened at $84.87 on Wednesday. The company has a market cap of $36,850.00, a price-to-earnings ratio of 14.68, a P/E/G ratio of 1.93 and a beta of 0.70. Waste Management, Inc. has a twelve month low of $70.08 and a twelve month high of $89.73. 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 (NYSE:WM) last announced its quarterly earnings results on Thursday, February 15th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.57 billion. Waste Management had a net margin of 41.02% and a return on equity of 106.37%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. research analysts forecast that Waste Management, Inc. will post 4.04 earnings per share for the current year.
Waste Management announced that its Board of Directors has initiated a share repurchase program on Thursday, December 14th that permits the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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Waste Management 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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