Sandy Spring Bank Boosts Stake in Waste Management, Inc. (NYSE:WM)

Sandy Spring Bank lifted its stake in Waste Management, Inc. (NYSE:WM) by 1.5% in the 4th quarter, HoldingsChannel reports. The firm owned 52,955 shares of the business services provider’s stock after acquiring an additional 806 shares during the period. Sandy Spring Bank’s holdings in Waste Management were worth $6,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Howe & Rusling Inc. increased its stake in shares of Waste Management by 139.6% in the 3rd quarter. Howe & Rusling Inc. now owns 218 shares of the business services provider’s stock worth $25,000 after purchasing an additional 127 shares in the last quarter. Sugarloaf Wealth Management LLC purchased a new stake in shares of Waste Management in the 4th quarter worth $34,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Waste Management by 48.1% in 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 purchasing an additional 100 shares in the last quarter. Clear Harbor Asset Management LLC purchased a new stake in shares of Waste Management in the 4th quarter worth $40,000. Finally, CFM Wealth Partners LLC purchased a new stake in shares of Waste Management in the 4th quarter worth $48,000. Hedge funds and other institutional investors own 72.65% of the company’s stock.

In other Waste Management news, VP Michael J. Watson sold 1,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $112.00, for a total transaction of $112,000.00. Following the completion of the transaction, the vice president now owns 13,857 shares of the company’s stock, valued at approximately $1,551,984. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tara J. Hmmer sold 4,639 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $110.36, for a total transaction of $511,960.04. Following the transaction, the senior vice president now directly owns 25,405 shares of the company’s stock, valued at approximately $2,803,695.80. The disclosure for this sale can be found here. Insiders have sold a total of 5,906 shares of company stock valued at $655,917 in the last three months. Insiders own 0.14% of the company’s stock.

Several brokerages recently weighed in on WM. BMO Capital Markets upped their target price on shares of Waste Management from $129.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 target price on shares of Waste Management in a report on Friday. CIBC began coverage on shares of Waste Management in a report on Tuesday, December 17th. They issued an “outperform” rating and a $130.00 target price for the company. Jefferies Financial Group began coverage on shares of Waste Management in a report on Wednesday, November 27th. They issued a “hold” rating and a $120.00 target price for the company. Finally, Stifel Nicolaus set a $125.00 target price on shares of Waste Management and gave the stock a “buy” rating in a report on Monday, October 21st. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $123.85.

Waste Management stock traded up $1.52 during mid-day trading on Friday, hitting $125.75. The stock had a trading volume of 1,296,532 shares, compared to its average volume of 1,551,703. The firm has a market capitalization of $52.42 billion, a P/E ratio of 30.67, a P/E/G ratio of 3.25 and a beta of 0.60. The company has a current ratio of 1.86, a quick ratio of 1.82 and a debt-to-equity ratio of 1.94. The firm’s 50 day moving average is $119.25 and its 200 day moving average is $115.78. Waste Management, Inc. has a one year low of $97.22 and a one year high of $125.64.

Waste Management (NYSE:WM) last issued its earnings results on Thursday, February 13th. The business services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.97 billion. Waste Management had a net margin of 11.35% and a return on equity of 28.63%. Waste Management’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS. As a group, equities research analysts forecast that Waste Management, Inc. will post 4.39 earnings per share for the current year.

Waste Management Company 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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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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