Allspring Global Investments Holdings LLC Acquires 8,914 Shares of Waste Management, Inc. (NYSE:WM)

Allspring Global Investments Holdings LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 278,890 shares of the business services provider's stock after purchasing an additional 8,914 shares during the period. Allspring Global Investments Holdings LLC owned 0.07% of Waste Management worth $55,929,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Inspire Investing LLC boosted its position in Waste Management by 10.9% during the third quarter. Inspire Investing LLC now owns 1,370 shares of the business services provider's stock worth $284,000 after purchasing an additional 135 shares during the period. Exchange Traded Concepts LLC grew its stake in Waste Management by 14.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,003 shares of the business services provider's stock valued at $1,039,000 after buying an additional 619 shares during the last quarter. NBC Securities Inc. raised its holdings in Waste Management by 3.1% in the 3rd quarter. NBC Securities Inc. now owns 4,086 shares of the business services provider's stock valued at $848,000 after acquiring an additional 122 shares during the period. Swedbank AB boosted its holdings in shares of Waste Management by 67.2% during the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider's stock worth $366,537,000 after acquiring an additional 709,678 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Waste Management by 7.7% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 65,567 shares of the business services provider's stock valued at $13,612,000 after purchasing an additional 4,703 shares during the last quarter. Institutional investors own 80.40% of the company's stock.

Analyst Upgrades and Downgrades

WM has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on Waste Management from $204.00 to $220.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of Waste Management from $213.00 to $219.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. StockNews.com lowered shares of Waste Management from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. UBS Group increased their target price on shares of Waste Management from $220.00 to $226.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, CIBC lifted their price target on shares of Waste Management from $228.00 to $235.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of "Moderate Buy" and an average price target of $235.94.

Waste Management Price Performance

WM stock traded up $0.20 during trading on Monday, reaching $227.80. 1,206,378 shares of the company were exchanged, compared to its average volume of 1,747,501. The company has a market capitalization 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. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The company has a 50-day moving average of $212.11 and a two-hundred day moving average of $212.29. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $230.39.

Waste Management (NYSE:WM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 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%. As a group, equities analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Waste Management

In other Waste Management news, 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 transaction, the senior vice president now directly owns 9,152 shares of the company's stock, valued at approximately $2,014,446.72. The trade was a 5.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Rafael Carrasco sold 4,000 shares of the 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 completion of the sale, the senior vice president now directly owns 18,531 shares of the company's stock, valued at approximately $4,185,967.59. The trade was a 17.75 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,055 shares of company stock worth $3,578,340. 0.18% of the stock is currently owned by insiders.

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.