Waste Management, Inc. (NYSE:WM) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lowered its stake in Waste Management, Inc. (NYSE:WM) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,096 shares of the business services provider’s stock after selling 79 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Waste Management were worth $4,661,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Aberdeen Wealth Management LLC increased its stake in Waste Management by 1.1% during the third quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock worth $857,000 after purchasing an additional 45 shares during the period. Signature Estate & Investment Advisors LLC increased its stake in Waste Management by 3.9% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 46 shares during the last quarter. Benchmark Financial Wealth Advisors LLC increased its stake in Waste Management by 1.9% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock valued at $546,000 after purchasing an additional 49 shares during the last quarter. Balboa Wealth Partners increased its stake in Waste Management by 4.1% in the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock valued at $256,000 after purchasing an additional 49 shares during the last quarter. Finally, Mcrae Capital Management Inc. increased its stake in Waste Management by 0.7% in the third quarter. Mcrae Capital Management Inc. now owns 7,585 shares of the business services provider’s stock valued at $1,575,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insiders Place Their Bets

In other news, VP Donald J. Smith sold 191 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.22, for a total value of $42,062.02. Following the completion of the transaction, the vice president now owns 6,129 shares in the company, valued at $1,349,728.38. This trade represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO John A. Carroll sold 209 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.55, for a total value of $46,094.95. Following the completion of the transaction, the chief accounting officer now owns 9,066 shares of the company’s stock, valued at approximately $1,999,506.30. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,055 shares of company stock worth $3,578,340. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial increased their price target on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Argus increased their price target on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com downgraded Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Citigroup increased their price objective on Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, CIBC increased their price objective on Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, December 4th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $234.50.

Waste Management Trading Up 0.3 %

NYSE:WM opened at $227.42 on Thursday. The stock has a fifty day moving average price of $211.89 and a two-hundred day moving average price of $211.74. The stock has a market capitalization of $91.28 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 2.70 and a beta of 0.78. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a 1 year low of $194.20 and a 1 year high of $230.39.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

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.