Waste Management, Inc. (NYSE:WM) Shares Acquired by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA increased its stake in Waste Management, Inc. (NYSE:WM) by 31.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 342,774 shares of the business services provider’s stock after purchasing an additional 82,048 shares during the quarter. Waste Management comprises about 1.0% of Compagnie Lombard Odier SCmA’s portfolio, making the stock its 28th biggest holding. Compagnie Lombard Odier SCmA owned 0.09% of Waste Management worth $69,168,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Activest Wealth Management lifted its holdings in Waste Management by 4,000.0% in 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 fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the period. General Partner Inc. acquired a new stake in Waste Management in the fourth quarter worth about $29,000. Sugar Maple Asset Management LLC acquired a new stake in Waste Management in the fourth quarter worth about $35,000. Finally, Pineridge Advisors LLC acquired a new stake in Waste Management in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on WM. Raymond James boosted their price target on shares of Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. UBS Group boosted their price target 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. Jefferies Financial Group dropped 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 report on Thursday, January 23rd. Argus boosted their price target on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Scotiabank boosted their price target on shares of Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. Ten 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. According to data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.50.

Insider Buying and Selling at Waste Management

In related news, CAO John A. Carroll sold 209 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.55, for a total value 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 can be accessed through this link. Also, SVP Rafael Carrasco sold 4,000 shares of the business’s stock in a transaction that occurred on 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. Insiders have sold a total of 16,055 shares of company stock valued at $3,578,340 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Trading Up 0.1 %

NYSE:WM opened at $227.58 on Friday. 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, Inc. has a fifty-two week low of $195.97 and a fifty-two week high of $230.39. The stock’s 50-day moving average is $211.93 and its two-hundred day moving average is $211.85. The stock has a market cap of $91.34 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM) last released its earnings results 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 net margin of 12.45% and a return on equity of 38.88%. As a group, equities research analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

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.