Waste Management, Inc. (WM) Shares Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 263.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,133 shares of the business services provider’s stock after purchasing an additional 12,422 shares during the period. Koshinski Asset Management Inc.’s holdings in Waste Management were worth $1,479,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WM. Fiera Capital Corp lifted its holdings in shares of Waste Management by 35.3% during the second quarter. Fiera Capital Corp now owns 3,938 shares of the business services provider’s stock valued at $289,000 after purchasing an additional 1,028 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Waste Management by 0.3% during the second quarter. ProShare Advisors LLC now owns 67,498 shares of the business services provider’s stock valued at $4,951,000 after purchasing an additional 198 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Waste Management by 9.2% during the second quarter. Thrivent Financial For Lutherans now owns 16,569 shares of the business services provider’s stock valued at $1,215,000 after purchasing an additional 1,400 shares during the last quarter. BRYN MAWR TRUST Co lifted its holdings in shares of Waste Management by 9.7% during the second quarter. BRYN MAWR TRUST Co now owns 4,250 shares of the business services provider’s stock valued at $311,000 after purchasing an additional 375 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Waste Management by 19.8% during the second quarter. Lazard Asset Management LLC now owns 386,201 shares of the business services provider’s stock valued at $28,327,000 after purchasing an additional 63,758 shares during the last quarter. Hedge funds and other institutional investors own 74.93% of the company’s stock.

Shares of Waste Management, Inc. (WM) opened at $88.53 on Thursday. The firm has a market cap of $38,280.50, a P/E ratio of 28.56, a P/E/G ratio of 2.65 and a beta of 0.75. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 1.60. Waste Management, Inc. has a 1 year low of $69.00 and a 1 year high of $88.73.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.71 billion. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share. research analysts forecast that Waste Management, Inc. will post 3.2 EPS for the current fiscal year.

Waste Management announced that its board has approved a share repurchase program on Thursday, December 14th that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

In other Waste Management news, SVP Barry H. Caldwell sold 1,650 shares of Waste Management stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total value of $133,815.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is owned by company insiders.

Several research firms have recently issued reports on WM. Macquarie upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 3rd. BMO Capital Markets raised their price target on shares of Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price target on shares of Waste Management in a research report on Thursday, January 4th. Finally, KeyCorp reissued a “buy” rating and set a $88.00 price target on shares of Waste Management in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $86.78.

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Waste Management Profile

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.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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