Reilly Financial Advisors LLC cut its holdings in Waste Management, Inc. (NYSE:WM) by 3.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 23,863 shares of the business services provider’s stock after selling 865 shares during the quarter. Reilly Financial Advisors LLC’s holdings in Waste Management were worth $2,480,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. CHICAGO TRUST Co NA lifted its stake in Waste Management by 1.5% during the 1st quarter. CHICAGO TRUST Co NA now owns 6,933 shares of the business services provider’s stock valued at $720,000 after acquiring an additional 100 shares during the period. RB Capital Management LLC lifted its stake in Waste Management by 4.2% during the 4th quarter. RB Capital Management LLC now owns 2,746 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 110 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its stake in Waste Management by 36.1% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 415 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 110 shares during the period. Winch Advisory Services LLC lifted its stake in Waste Management by 17.3% during the 4th quarter. Winch Advisory Services LLC now owns 772 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 114 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its stake in Waste Management by 0.7% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 15,687 shares of the business services provider’s stock valued at $1,396,000 after acquiring an additional 114 shares during the period. 75.74% of the stock is currently owned by hedge funds and other institutional investors.

WM has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Monday, December 31st. UBS Group upgraded shares of Waste Management from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $90.00 to $103.00 in a research note on Thursday, January 10th. Oppenheimer increased their price objective on shares of Waste Management from $95.00 to $108.00 and gave the stock an “outperform” rating in a research note on Friday, February 15th. Stifel Nicolaus cut shares of Waste Management from a “buy” rating to a “hold” rating and set a $103.00 price objective on the stock. in a research note on Thursday, April 11th. Finally, KeyCorp initiated coverage on shares of Waste Management in a research note on Monday, February 4th. They issued an “overweight” rating and a $96.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Waste Management presently has an average rating of “Buy” and an average target price of $101.71.

In related news, CFO Devina A. Rankin sold 692 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $98.80, for a total value of $68,369.60. Following the completion of the sale, the chief financial officer now directly owns 22,128 shares of the company’s stock, valued at approximately $2,186,246.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tara J. Hmmer sold 472 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $98.81, for a total transaction of $46,638.32. Following the completion of the sale, the senior vice president now directly owns 17,208 shares of the company’s stock, valued at $1,700,322.48. The disclosure for this sale can be found here. Insiders sold a total of 3,727 shares of company stock valued at $368,692 over the last three months. 0.14% of the stock is currently owned by insiders.

Shares of NYSE:WM traded up $0.21 during trading on Tuesday, hitting $105.96. The company’s stock had a trading volume of 58,221 shares, compared to its average volume of 1,839,020. Waste Management, Inc. has a 12 month low of $79.96 and a 12 month high of $106.05. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $44.85 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 2.79 and a beta of 0.67.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, February 14th. The business services provider reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.07. Waste Management had a net margin of 12.91% and a return on equity of 29.43%. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that Waste Management, Inc. will post 4.35 earnings per share for the current fiscal year.

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Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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