Mn Services Vermogensbeheer B.V. Has $34.20 Million Stock Position in Waste Management, Inc. (NYSE:WM)

Mn Services Vermogensbeheer B.V. cut its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 160,300 shares of the business services provider's stock after selling 2,600 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Waste Management were worth $34,198,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hexagon Capital Partners LLC increased its position in shares of Waste Management by 170.5% during the first quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider's stock worth $25,000 after buying an additional 75 shares during the period. Sachetta LLC acquired a new stake in Waste Management during the 4th quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Waste Management in the 2nd quarter worth about $31,000. Opal Wealth Advisors LLC bought a new stake in Waste Management during the 1st quarter valued at $35,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in shares of Waste Management in the fourth quarter valued at $36,000. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WM. Royal Bank of Canada lowered their target price on shares of Waste Management from $215.00 to $204.00 and set a "sector perform" rating on the stock in a report on Friday, July 26th. Stifel Nicolaus increased their price objective on Waste Management from $215.00 to $227.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. The Goldman Sachs Group raised Waste Management to a "strong-buy" rating in a research report on Friday, July 26th. Morgan Stanley increased their price target on Waste Management from $202.00 to $214.00 and gave the company an "equal weight" rating in a research report on Friday, April 26th. Finally, Robert W. Baird cut their price objective on shares of Waste Management from $226.00 to $216.00 and set a "neutral" rating on the stock in a report on Friday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $215.83.

Waste Management Stock Performance

Waste Management stock traded down $0.14 during trading on Friday, hitting $209.98. The stock had a trading volume of 810,828 shares, compared to its average volume of 1,691,846. The stock's 50 day moving average is $209.62 and its two-hundred day moving average is $207.79. Waste Management, Inc. has a 1 year low of $149.71 and a 1 year high of $225.00. The stock has a market cap of $84.22 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 EPS for the quarter, meeting analysts' consensus estimates of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The firm had revenue of $5.40 billion for the quarter, compared to analysts' expectations of $5.43 billion. During the same quarter in the prior year, the firm earned $1.51 EPS. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts predict that Waste Management, Inc. will post 7.24 EPS for the current year.

Insiders Place Their Bets

In related news, VP Michael J. Watson sold 4,208 shares of Waste Management stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total value of $859,610.24. Following the completion of the transaction, the vice president now directly owns 45,644 shares in the company, valued at approximately $9,324,156.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Michael J. Watson sold 1,500 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the sale, the vice president now directly owns 44,144 shares of the company's stock, valued at $9,711,680. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Michael J. Watson sold 4,208 shares of the business's stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the transaction, the vice president now directly owns 45,644 shares of the company's stock, valued at approximately $9,324,156.32. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

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.

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