Geo Capital Gestora de Recursos Ltd Has $3.13 Million Stock Position in Waste Management, Inc. $WM

Geo Capital Gestora de Recursos Ltd decreased its stake in Waste Management, Inc. (NYSE:WM) by 8.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,505 shares of the business services provider’s stock after selling 1,213 shares during the quarter. Waste Management makes up about 4.3% of Geo Capital Gestora de Recursos Ltd’s investment portfolio, making the stock its 9th largest position. Geo Capital Gestora de Recursos Ltd’s holdings in Waste Management were worth $3,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Westend Capital Management LLC boosted its stake in Waste Management by 126.9% in the 1st quarter. Westend Capital Management LLC now owns 118 shares of the business services provider’s stock valued at $27,000 after buying an additional 66 shares in the last quarter. West Branch Capital LLC boosted its stake in Waste Management by 69.0% in the 1st quarter. West Branch Capital LLC now owns 120 shares of the business services provider’s stock valued at $28,000 after buying an additional 49 shares in the last quarter. Transce3nd LLC acquired a new stake in Waste Management in the 4th quarter valued at $28,000. GKV Capital Management Co. Inc. acquired a new stake in Waste Management in the 1st quarter valued at $38,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Waste Management in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

WM has been the subject of several research analyst reports. William Blair reiterated an “outperform” rating on shares of Waste Management in a research report on Tuesday, July 29th. Citigroup lifted their price objective on Waste Management from $260.00 to $271.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Hsbc Global Res upgraded Waste Management from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $229.00 price objective on shares of Waste Management in a research report on Thursday, June 26th. Finally, Wall Street Zen upgraded Waste Management from a “hold” rating to a “buy” rating in a research report on Tuesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $254.35.

Waste Management Stock Performance

Shares of Waste Management stock opened at $228.3880 on Wednesday. Waste Management, Inc. has a one year low of $199.69 and a one year high of $242.58. The firm has a market cap of $92.00 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The stock’s 50-day moving average is $229.70 and its 200-day moving average is $229.70.

Waste Management (NYSE:WM) last released its earnings results 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. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same quarter in the prior year, the company posted $1.82 earnings per share. Waste Management’s revenue was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. Equities analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Insider Activity

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

About Waste Management

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.