Prime Capital Investment Advisors LLC Purchases Shares of 1,129 Waste Management, Inc. (NYSE:WM)

Prime Capital Investment Advisors LLC purchased a new stake in Waste Management, Inc. (NYSE:WM) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,129 shares of the business services provider’s stock, valued at approximately $130,000.

Other hedge funds have also recently made changes to their positions in the company. Buckingham Capital Management Inc. grew its position in Waste Management by 6.1% in the first quarter. Buckingham Capital Management Inc. now owns 25,094 shares of the business services provider’s stock worth $2,608,000 after buying an additional 1,453 shares during the last quarter. Rockland Trust Co. lifted its position in shares of Waste Management by 5.1% during the second quarter. Rockland Trust Co. now owns 3,534 shares of the business services provider’s stock worth $408,000 after purchasing an additional 171 shares in the last quarter. DNB Asset Management AS lifted its position in shares of Waste Management by 6.5% during the second quarter. DNB Asset Management AS now owns 69,078 shares of the business services provider’s stock worth $7,970,000 after purchasing an additional 4,207 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of Waste Management by 6.2% during the second quarter. WINTON GROUP Ltd now owns 22,367 shares of the business services provider’s stock worth $2,580,000 after purchasing an additional 1,309 shares in the last quarter. Finally, Carroll Financial Associates Inc. lifted its position in shares of Waste Management by 52.5% during the second quarter. Carroll Financial Associates Inc. now owns 1,633 shares of the business services provider’s stock worth $188,000 after purchasing an additional 562 shares in the last quarter. Hedge funds and other institutional investors own 73.06% of the company’s stock.

Shares of WM stock traded up $0.78 during trading hours on Wednesday, hitting $110.78. 536,707 shares of the company were exchanged, compared to its average volume of 1,767,435. Waste Management, Inc. has a 52 week low of $83.49 and a 52 week high of $121.77. The business has a 50 day moving average of $113.89 and a two-hundred day moving average of $114.04. The company has a market capitalization of $47.10 billion, a PE ratio of 26.38, a PEG ratio of 3.09 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.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.05. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4 billion. Waste Management had a net margin of 11.35% and a return on equity of 28.63%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.15 earnings per share. On average, research analysts forecast that Waste Management, Inc. will post 4.35 EPS for the current year.

In related news, VP Michael J. Watson sold 8,019 shares of Waste Management stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $119.40, for a total transaction of $957,468.60. Following the sale, the vice president now directly owns 17,254 shares of the company’s stock, valued at approximately $2,060,127.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Charles C. Boettcher sold 589 shares of Waste Management stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $115.95, for a total transaction of $68,294.55. Following the sale, the senior vice president now directly owns 3,147 shares in the company, valued at $364,894.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,347 shares of company stock worth $1,585,155. 0.14% of the stock is owned by insiders.

Several equities analysts recently weighed in on the stock. Macquarie restated an “outperform” rating and issued a $130.00 price objective on shares of Waste Management in a report on Wednesday, September 4th. Royal Bank of Canada set a $126.00 price objective on shares of Waste Management and gave the company a “buy” rating in a report on Friday, July 26th. Stifel Nicolaus set a $125.00 price objective on shares of Waste Management and gave the company a “buy” rating in a report on Monday, October 21st. Scotiabank assumed coverage on shares of Waste Management in a report on Monday, July 22nd. They issued an “outperform” rating on the stock. Finally, ValuEngine lowered shares of Waste Management from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Waste Management presently has a consensus rating of “Buy” and an average price target of $116.82.

About Waste Management

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.

See Also: Stock Split

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.