Ifrah Financial Services Inc. Trims Stock Holdings in Waste Management, Inc. (NYSE:WM)

Ifrah Financial Services Inc. lessened its stake in shares of Waste Management, Inc. (NYSE:WM) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,205 shares of the business services provider’s stock after selling 55 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Waste Management were worth $445,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its position in Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares in the last quarter. Global Wealth Strategies & Associates increased its position in Waste Management by 892.9% during the 4th 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 in the last quarter. General Partner Inc. purchased a new stake in Waste Management during the 4th quarter worth about $29,000. Sugar Maple Asset Management LLC purchased a new stake in Waste Management during the 4th quarter worth about $35,000. Finally, Pineridge Advisors LLC purchased a new stake in Waste Management during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on WM shares. Scotiabank raised their price target on Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. UBS Group raised their price target on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Argus raised their price target on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group decreased their price target on Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, CIBC raised their price target on Waste Management from $228.00 to $235.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Nine equities research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $235.94.

Waste Management Trading Up 0.1 %

Shares of WM stock opened at $227.80 on Monday. 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 1 year low of $196.59 and a 1 year high of $230.39. The stock has a fifty day moving average of $212.11 and a two-hundred day moving average of $212.29. The firm has a market capitalization of $91.43 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM) last announced its quarterly 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 return on equity of 38.88% and a net margin of 12.45%. As a group, research analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Insider Activity

In other news, CAO John A. Carroll sold 209 shares of the company’s stock in a transaction 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 in the company, valued at $1,999,506.30. This represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Donald J. Smith sold 191 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.22, for a total value of $42,062.02. Following the sale, the vice president now directly owns 6,129 shares in the company, valued at $1,349,728.38. This trade represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,055 shares of company stock worth $3,578,340 over the last 90 days. 0.18% of the stock is currently owned by company 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.