Strs Ohio lessened its position in shares of Waste Management, Inc. (NYSE:WM) by 33.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,633 shares of the business services provider’s stock after selling 100,281 shares during the quarter. Strs Ohio’s holdings in Waste Management were worth $23,092,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Howe & Rusling Inc. lifted its stake in Waste Management by 139.6% in the third quarter. Howe & Rusling Inc. now owns 218 shares of the business services provider’s stock valued at $25,000 after buying an additional 127 shares during the period. Candriam Luxembourg S.C.A. raised its position in shares of Waste Management by 146.8% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 273,777 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 162,829 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Waste Management by 48.1% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 308 shares of the business services provider’s stock worth $35,000 after acquiring an additional 100 shares during the last quarter. American National Bank acquired a new position in Waste Management during the fourth quarter valued at approximately $41,000. Finally, Price Capital Management Inc. acquired a new stake in Waste Management in the fourth quarter worth $46,000. Institutional investors and hedge funds own 72.84% of the company’s stock.
WM stock opened at $121.00 on Monday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.86 and a quick ratio of 1.82. The stock has a market capitalization of $51.39 billion, a P/E ratio of 29.51, a P/E/G ratio of 3.16 and a beta of 0.60. The business has a 50-day moving average of $114.96 and a 200-day moving average of $115.22. Waste Management, Inc. has a fifty-two week low of $93.85 and a fifty-two week high of $121.93.
In related news, SVP Tara J. Hmmer sold 4,639 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $110.36, for a total transaction of $511,960.04. Following the completion of the transaction, the senior vice president now owns 25,405 shares in the company, valued at $2,803,695.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael J. Watson sold 1,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $112.00, for a total transaction of $112,000.00. Following the transaction, the vice president now owns 13,857 shares of the company’s stock, valued at approximately $1,551,984. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,064 shares of company stock valued at $1,006,361. 0.14% of the stock is owned by corporate insiders.
Several research analysts have weighed in on the company. Deutsche Bank began coverage on Waste Management in a report on Friday, January 17th. They set a “hold” rating and a $123.00 target price on the stock. Jefferies Financial Group began coverage on shares of Waste Management in a report on Wednesday, November 27th. They set a “hold” rating and a $120.00 target price on the stock. Bank of America lowered shares of Waste Management from a “buy” rating to a “neutral” rating in a research note on Friday, October 18th. ValuEngine lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Stifel Nicolaus set a $125.00 price target on shares of Waste Management and gave the company a “buy” rating in a report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $121.42.
Waste Management Profile
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
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