Waste Management, Inc. $WM Shares Purchased by Credit Agricole S A

Credit Agricole S A raised its stake in Waste Management, Inc. (NYSE:WM) by 111.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,342 shares of the business services provider’s stock after purchasing an additional 160,880 shares during the period. Credit Agricole S A owned about 0.08% of Waste Management worth $70,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of WM. Brighton Jones LLC grew its stake in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after buying an additional 2,320 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Waste Management by 41.7% during the 1st quarter. Golden State Wealth Management LLC now owns 789 shares of the business services provider’s stock worth $183,000 after buying an additional 232 shares during the last quarter. Calamos Advisors LLC grew its stake in Waste Management by 2.8% during the 1st quarter. Calamos Advisors LLC now owns 283,500 shares of the business services provider’s stock worth $65,633,000 after buying an additional 7,751 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Waste Management by 4.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 592,229 shares of the business services provider’s stock worth $137,108,000 after buying an additional 24,023 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Waste Management by 13.1% during the 1st quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider’s stock worth $1,909,000 after buying an additional 958 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Raymond James Financial raised their price target on Waste Management from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Oppenheimer lifted their target price on Waste Management from $260.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Melius Research upgraded Waste Management to a “strong-buy” rating and set a $263.00 target price on the stock in a research note on Monday, June 9th. Seaport Res Ptn upgraded Waste Management to a “hold” rating in a research note on Tuesday, May 6th. Finally, Citigroup lifted their target price on Waste Management from $260.00 to $271.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $254.35.

Waste Management Stock Down 1.1%

Waste Management stock opened at $224.29 on Tuesday. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. Waste Management, Inc. has a 1-year low of $199.69 and a 1-year high of $242.58. The company has a market cap of $90.35 billion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 2.78 and a beta of 0.64. The stock’s 50 day moving average price is $229.81 and its 200 day moving average price is $229.71.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.03. The firm had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.37 billion. Waste Management had a return on equity of 34.37% and a net margin of 11.36%. Waste Management’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.82 earnings per share. On average, sell-side analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Insider Buying and Selling at Waste Management

In related news, CFO Devina A. Rankin sold 57,888 shares of Waste Management stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the completion of the transaction, the chief financial officer directly owned 83,934 shares of the company’s stock, valued at approximately $19,922,574.24. The trade was a 40.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Rafael Carrasco sold 674 shares of Waste Management stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total value of $159,609.94. Following the transaction, the senior vice president directly owned 16,542 shares of the company’s stock, valued at approximately $3,917,311.02. This represents a 3.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Waste Management Profile

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.