KCG Holdings Inc. boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 77.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,558 shares of the business services provider’s stock after buying an additional 13,377 shares during the period. KCG Holdings Inc.’s holdings in Waste Management were worth $2,228,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in WM. Quadrant Capital Group LLC increased its position in shares of Waste Management by 5.8% in the first quarter. Quadrant Capital Group LLC now owns 1,424 shares of the business services provider’s stock worth $100,000 after buying an additional 78 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in Waste Management by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock valued at $114,000 after buying an additional 14 shares during the period. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Waste Management during the first quarter worth $127,000. Parallel Advisors LLC boosted its stake in shares of Waste Management by 38.1% in the first quarter. Parallel Advisors LLC now owns 1,787 shares of the business services provider’s stock worth $130,000 after buying an additional 493 shares during the last quarter. Finally, Pinnacle Bank purchased a new stake in shares of Waste Management during the first quarter worth $131,000. Institutional investors and hedge funds own 75.26% of the company’s stock.
Waste Management, Inc. (WM) traded up 0.09% during midday trading on Tuesday, hitting $75.22. The company had a trading volume of 1,485,682 shares. The company’s 50 day moving average is $74.07 and its 200 day moving average is $72.56. The stock has a market cap of $33.10 billion, a price-to-earnings ratio of 25.76 and a beta of 0.71. Waste Management, Inc. has a 12-month low of $61.08 and a 12-month high of $76.00.
Waste Management (NYSE:WM) last issued its earnings results on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities analysts anticipate that Waste Management, Inc. will post $3.19 EPS for the current fiscal year.
WM has been the subject of a number of research reports. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Friday, April 28th. KeyCorp boosted their target price on Waste Management from $50.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, May 11th. Credit Suisse Group boosted their target price on Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 28th. Finally, Oppenheimer Holdings, Inc. boosted their target price on Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $75.24.
In other news, CEO James C. Fish, Jr. sold 3,500 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $72.25, for a total transaction of $252,875.00. Following the completion of the sale, the chief executive officer now owns 154,662 shares of the company’s stock, valued at $11,174,329.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Pope sold 453 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $74.38, for a total transaction of $33,694.14. Following the sale, the director now directly owns 51,470 shares of the company’s stock, valued at approximately $3,828,338.60. The disclosure for this sale can be found here. Insiders sold 7,940 shares of company stock valued at $575,603 in the last ninety days. Insiders own 0.19% of the company’s stock.
About Waste Management
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
Receive News & Ratings for Waste Management Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
