V Square Quantitative Management LLC Raises Position in Waste Management, Inc. (NYSE:WM)

V Square Quantitative Management LLC raised its position in shares of Waste Management, Inc. (NYSE:WM) by 12.8% during the fourth quarter, HoldingsChannel reports. The firm owned 6,001 shares of the business services provider’s stock after purchasing an additional 681 shares during the period. V Square Quantitative Management LLC’s holdings in Waste Management were worth $1,211,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aberdeen Wealth Management LLC grew its stake in shares of Waste Management by 1.1% in 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 last quarter. Signature Estate & Investment Advisors LLC raised its holdings in Waste Management by 3.9% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock worth $257,000 after acquiring an additional 46 shares during the last quarter. Catalyst Financial Partners LLC raised its holdings in Waste Management by 2.4% in the 4th quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider’s stock worth $411,000 after acquiring an additional 48 shares during the last quarter. Benchmark Financial Wealth Advisors LLC lifted its holdings in shares of Waste Management by 1.9% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock valued at $546,000 after buying an additional 49 shares during the period. Finally, Balboa Wealth Partners lifted its holdings in shares of Waste Management by 4.1% during the 3rd quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock valued at $256,000 after buying an additional 49 shares during the period. 80.40% of the stock is owned by institutional investors.

Waste Management Stock Up 0.1 %

Shares of NYSE:WM opened at $227.80 on Friday. The stock has a market cap of $91.43 billion, a P/E ratio of 33.50, a P/E/G ratio of 2.70 and a beta of 0.78. The firm has a fifty day moving average price of $212.00 and a 200 day moving average price of $211.96. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $230.39.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 29th. The business services provider reported $1.70 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%. Sell-side analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Analyst Upgrades and Downgrades

WM has been the subject of several analyst reports. StockNews.com lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Scotiabank increased their price objective on shares of Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. Jefferies Financial Group lowered their price target on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. 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 report on Wednesday, October 30th. Finally, BMO Capital Markets raised their price objective on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Ten 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $234.50.

Insider Buying and Selling at Waste Management

In other news, SVP Rafael Carrasco sold 4,000 shares of Waste Management stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $225.89, for a total transaction of $903,560.00. Following the completion of 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 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 business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $220.55, for a total transaction of $46,094.95. Following the completion of the sale, the chief accounting officer now owns 9,066 shares of the company’s stock, valued at approximately $1,999,506.30. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,055 shares of company stock worth $3,578,340. 0.18% of the stock is owned by corporate insiders.

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.