Valmark Advisers Inc. Grows Position in Waste Management, Inc. (NYSE:WM)

Valmark Advisers Inc. grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,282 shares of the business services provider’s stock after purchasing an additional 106 shares during the quarter. Valmark Advisers Inc.’s holdings in Waste Management were worth $1,066,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management boosted its holdings in shares of Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares during the period. Global Wealth Strategies & Associates lifted its holdings in Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after buying an additional 125 shares during the period. General Partner Inc. purchased a new stake in Waste Management in the fourth quarter worth $29,000. Sugar Maple Asset Management LLC purchased a new stake in Waste Management in the fourth quarter worth $35,000. Finally, Pineridge Advisors LLC purchased a new stake in Waste Management in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In other Waste Management news, EVP Charles C. Boettcher sold 693 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.59, for a total transaction of $152,868.87. Following the completion of the sale, the executive vice president now directly owns 45,542 shares in the company, valued at $10,046,109.78. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Rafael Carrasco sold 4,000 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $225.89, for a total value of $903,560.00. Following the sale, the senior vice president now owns 18,531 shares of the company’s stock, valued at approximately $4,185,967.59. This represents a 17.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,055 shares of company stock worth $3,578,340 over the last three months. 0.18% of the stock is currently owned by company insiders.

Waste Management Stock Performance

Shares of WM opened at $227.80 on Tuesday. Waste Management, Inc. has a 12 month low of $196.59 and a 12 month high of $230.39. The business’s fifty day simple moving average is $212.11 and its two-hundred day simple moving average is $212.29. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The company has a market cap of $91.43 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM) last released its quarterly earnings data 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%. Research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WM has been the subject of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research report on Friday, January 31st. Truist Financial raised their price objective on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Scotiabank raised their target price on Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group lowered their price objective on Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $235.94.

Waste Management Company 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.