Waste Management, Inc. $WM Stake Cut by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its holdings in Waste Management, Inc. (NYSE:WM) by 5.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,500 shares of the business services provider’s stock after selling 4,440 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Waste Management were worth $18,218,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in WM. Cornerstone Planning Group LLC lifted its holdings in shares of Waste Management by 101.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock valued at $29,000 after buying an additional 67 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in Waste Management during the second quarter worth approximately $40,000. Steigerwald Gordon & Koch Inc. acquired a new position in Waste Management during the third quarter valued at approximately $41,000. Wealth Watch Advisors INC bought a new stake in shares of Waste Management during the 2nd quarter worth $43,000. Finally, Costello Asset Management INC acquired a new position in Waste Management in the 3rd quarter valued at $49,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Trading Up 0.2%

WM opened at $234.93 on Wednesday. The stock has a market capitalization of $94.76 billion, a PE ratio of 35.06, a PEG ratio of 2.48 and a beta of 0.58. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $242.58. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.22. The firm has a 50-day moving average price of $222.94 and a two-hundred day moving average price of $219.25.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, January 28th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.39 billion. Waste Management had a net margin of 10.74% and a return on equity of 32.45%. Waste Management’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.70 earnings per share. As a group, equities analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Waste Management from $236.00 to $252.00 and gave the company a “buy” rating in a report on Friday, January 30th. TD Cowen increased their target price on Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. upped their price target on Waste Management from $255.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. Wells Fargo & Company upped their target price on shares of Waste Management from $246.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Finally, Oppenheimer raised their price target on shares of Waste Management from $263.00 to $264.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.55.

Insider Buying and Selling

In other Waste Management news, CAO John A. Carroll sold 1,021 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $234.71, for a total transaction of $239,638.91. Following the sale, the chief accounting officer directly owned 8,309 shares of the company’s stock, valued at approximately $1,950,205.39. This represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James C. Fish, Jr. sold 5,706 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $230.87, for a total value of $1,317,344.22. Following the completion of the sale, the chief executive officer owned 220,087 shares in the company, valued at approximately $50,811,485.69. This trade represents a 2.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 64,126 shares of company stock valued at $14,770,037. Corporate insiders own 0.18% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.