Catalyst Financial Partners LLC Has $411,000 Position in Waste Management, Inc. (NYSE:WM)

Catalyst Financial Partners LLC raised its holdings in Waste Management, Inc. (NYSE:WM) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,039 shares of the business services provider’s stock after acquiring an additional 48 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Waste Management were worth $411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in Waste Management by 2.1% in the third quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider’s stock valued at $1,686,203,000 after acquiring an additional 168,818 shares during the last quarter. Parnassus Investments LLC boosted its position in shares of Waste Management by 11.3% during the third quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after purchasing an additional 520,096 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Waste Management by 7.1% during the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock worth $854,446,000 after purchasing an additional 280,455 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Waste Management by 94,414.4% during the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after purchasing an additional 2,588,842 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Waste Management by 12.8% during the third quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock worth $505,175,000 after purchasing an additional 276,287 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WM has been the topic of a number of recent analyst reports. CIBC lifted their price target on shares of Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 4th. Stifel Nicolaus boosted their price objective on shares of Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Raymond James boosted their price objective on shares of Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Oppenheimer boosted their price objective on shares of Waste Management from $231.00 to $237.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, Argus boosted their price objective on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.50.

Waste Management Stock Up 0.1 %

Waste Management stock opened at $227.80 on Friday. The firm has a market capitalization of $91.43 billion, a PE ratio of 33.50, a P/E/G ratio of 2.70 and a beta of 0.78. The company’s 50-day moving average is $212.00 and its 200-day moving average is $211.96. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $230.39. 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 (NYSE:WM) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share 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 anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO John A. Carroll sold 209 shares of Waste Management stock in a transaction dated 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Johnson Varkey sold 560 shares of Waste Management stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.11, for a total transaction of $123,261.60. Following the sale, the senior vice president now directly owns 9,152 shares of the company’s stock, valued at $2,014,446.72. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,055 shares of company stock valued at $3,578,340. Company insiders own 0.18% of the company’s stock.

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.