Insight Advisors LLC PA Sells 299 Shares of Waste Management, Inc. (NYSE:WM)

Insight Advisors LLC PA lowered its position in Waste Management, Inc. (NYSE:WM) by 20.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,148 shares of the business services provider’s stock after selling 299 shares during the quarter. Insight Advisors LLC PA’s holdings in Waste Management were worth $232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. increased its holdings in shares of Waste Management by 286.2% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 421 shares of the business services provider’s stock worth $85,000 after acquiring an additional 312 shares during the last quarter. Choreo LLC boosted its position in Waste Management by 13.6% during the fourth quarter. Choreo LLC now owns 20,758 shares of the business services provider’s stock worth $4,195,000 after purchasing an additional 2,486 shares during the period. Country Club Bank increased its holdings in shares of Waste Management by 2.2% in the fourth quarter. Country Club Bank now owns 4,726 shares of the business services provider’s stock valued at $956,000 after purchasing an additional 100 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Waste Management by 4.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,176 shares of the business services provider’s stock valued at $10,604,000 after purchasing an additional 2,205 shares during the period. Finally, Jericho Financial LLP acquired a new stake in shares of Waste Management during the 4th quarter worth about $4,411,000. Institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Royal Bank of Canada increased their price target on shares of Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Citigroup increased their target price on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday. CIBC upped 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. Truist Financial lifted their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group decreased their price target on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.50.

Insiders Place Their Bets

In other Waste Management news, SVP Tara J. Hemmer sold 4,576 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,016,421.12. Following the completion of the transaction, the senior vice president now directly owns 58,765 shares in the company, valued at approximately $13,052,881.80. This represents a 7.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Devina A. Rankin sold 5,826 shares of Waste Management stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total transaction of $1,294,071.12. Following the transaction, the chief financial officer now owns 69,442 shares in the company, valued at approximately $15,424,457.04. This trade represents a 7.74 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,055 shares of company stock valued at $2,674,780. 0.18% of the stock is currently owned by insiders.

Waste Management Trading Up 0.0 %

Shares of WM stock opened at $224.77 on Friday. 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 fifty-two week low of $187.48 and a fifty-two week high of $230.39. The company has a market cap of $90.22 billion, a PE ratio of 33.06, a P/E/G ratio of 2.57 and a beta of 0.78. The stock’s fifty day moving average price is $211.98 and its two-hundred day moving average price is $211.34.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. Equities analysts predict that Waste Management, Inc. will post 7.92 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.33%. Waste Management’s dividend payout ratio is currently 44.12%.

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.