Waste Management, Inc. (NYSE:WM) Director Patrick W. Gross sold 387 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $88.30, for a total transaction of $34,172.10. Following the transaction, the director now owns 30,673 shares of the company’s stock, valued at $2,708,425.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Waste Management, Inc. (WM) traded down $0.49 during trading hours on Thursday, hitting $88.04. 1,109,067 shares of the stock traded hands, compared to its average volume of 1,695,718. The firm has a market capitalization of $38,260.00, a P/E ratio of 28.31, a PEG ratio of 2.65 and a beta of 0.75. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 1.60. Waste Management, Inc. has a 52 week low of $69.00 and a 52 week high of $88.73.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.02. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.71 billion. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 earnings per share. sell-side analysts expect that Waste Management, Inc. will post 3.2 earnings per share for the current fiscal year.

Waste Management announced that its Board of Directors has authorized a stock repurchase program on Thursday, December 14th that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Several institutional investors have recently modified their holdings of WM. FTB Advisors Inc. grew its stake in shares of Waste Management by 4.3% in the second quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock worth $116,000 after purchasing an additional 65 shares during the last quarter. Atlantic Trust LLC grew its stake in shares of Waste Management by 7.6% in the second quarter. Atlantic Trust LLC now owns 3,820 shares of the business services provider’s stock worth $172,000 after purchasing an additional 270 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in shares of Waste Management in the second quarter worth $182,000. Horan Capital Advisors LLC. bought a new stake in shares of Waste Management in the third quarter worth $186,000. Finally, Capital Guardian Trust Co. bought a new stake in shares of Waste Management in the third quarter worth $193,000. 74.93% of the stock is currently owned by institutional investors.

Several research analysts have commented on WM shares. Zacks Investment Research downgraded shares of Waste Management from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. BMO Capital Markets reiterated a “buy” rating and set a $85.00 price target on shares of Waste Management in a report on Friday, October 13th. KeyCorp reiterated a “buy” rating and set a $88.00 price target on shares of Waste Management in a report on Friday, October 27th. Macquarie upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 3rd. Finally, Bank of America lowered their price target on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, October 5th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $86.78.

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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.

Insider Buying and Selling by Quarter for Waste Management (NYSE:WM)

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