Secured Retirement Advisors LLC Buys 526 Shares of Waste Management, Inc. (NYSE:WM)

Secured Retirement Advisors LLC lifted its holdings in Waste Management, Inc. (NYSE:WMFree Report) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,041 shares of the business services provider’s stock after buying an additional 526 shares during the period. Secured Retirement Advisors LLC’s holdings in Waste Management were worth $1,421,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WM. International Assets Investment Management LLC raised its position in shares of Waste Management by 94,414.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after acquiring an additional 2,588,842 shares in the last quarter. Swedbank AB raised its position in shares of Waste Management by 67.2% in the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after acquiring an additional 709,678 shares in the last quarter. Parnassus Investments LLC raised its position in shares of Waste Management by 11.3% in the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after acquiring an additional 520,096 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Waste Management by 32.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock worth $374,062,000 after acquiring an additional 437,613 shares in the last quarter. Finally, National Bank of Canada FI raised its position in shares of Waste Management by 138.0% in the 3rd quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock worth $149,168,000 after acquiring an additional 416,579 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Waste Management Price Performance

Shares of NYSE WM opened at $227.80 on Friday. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $230.39. The stock’s 50 day moving average price is $212.11 and its 200-day moving average price is $212.15. The company has a market capitalization of $91.43 billion, a PE ratio of 33.50, a PEG ratio of 2.70 and a beta of 0.78. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WMGet Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. On average, equities analysts anticipate that Waste Management, Inc. will post 7.7 EPS for the current year.

Insider Buying and Selling

In related news, SVP Tara J. Hemmer sold 4,576 shares of Waste Management stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,016,421.12. Following the sale, the senior vice president now owns 58,765 shares of the company’s stock, valued at approximately $13,052,881.80. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Rafael Carrasco sold 4,000 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $225.89, for a total transaction of $903,560.00. Following the sale, the senior vice president now directly owns 18,531 shares in the company, valued at $4,185,967.59. The trade was a 17.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,055 shares of company stock valued at $3,578,340. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on WM. JPMorgan Chase & Co. raised their target price on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Oppenheimer raised their target price on Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Stifel Nicolaus raised their target price on Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Raymond James raised their target price on Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets raised their target price on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $235.94.

Check Out Our Latest Research Report on WM

Waste Management Company Profile

(Free Report)

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

See Also

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WMFree Report).

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

Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.