Ingalls & Snyder LLC lowered its stake in shares of Waste Management, Inc. (NYSE:WM) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,591 shares of the business services provider’s stock after selling 1,050 shares during the quarter. Ingalls & Snyder LLC’s holdings in Waste Management were worth $2,295,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Personal Capital Advisors Corp boosted its position in Waste Management by 19.9% during the fourth quarter. Personal Capital Advisors Corp now owns 195,896 shares of the business services provider’s stock worth $16,906,000 after purchasing an additional 32,559 shares during the period. State of Alaska Department of Revenue boosted its position in Waste Management by 268.3% during the fourth quarter. State of Alaska Department of Revenue now owns 69,568 shares of the business services provider’s stock worth $6,000,000 after purchasing an additional 50,680 shares during the period. Fox Run Management L.L.C. bought a new stake in Waste Management during the fourth quarter worth approximately $700,000. Acadian Asset Management LLC boosted its position in Waste Management by 2.0% during the fourth quarter. Acadian Asset Management LLC now owns 2,068,147 shares of the business services provider’s stock worth $178,481,000 after purchasing an additional 39,753 shares during the period. Finally, Berkshire Asset Management LLC PA boosted its position in Waste Management by 9.5% during the fourth quarter. Berkshire Asset Management LLC PA now owns 311,743 shares of the business services provider’s stock worth $26,903,000 after purchasing an additional 27,007 shares during the period. 74.93% of the stock is owned by hedge funds and other institutional investors.

Shares of Waste Management, Inc. (WM) opened at $88.06 on Friday. Waste Management, Inc. has a 12-month low of $69.00 and a 12-month high of $88.73. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.71 and a quick ratio of 0.68. The firm has a market capitalization of $38,240.00, a P/E ratio of 28.32, a PEG ratio of 2.66 and a beta of 0.75.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.02. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the prior year, the business earned $0.84 earnings per share. Waste Management’s revenue for the quarter was up 4.7% compared to the same quarter last year. sell-side analysts anticipate that Waste Management, Inc. will post 3.2 EPS for the current fiscal year.

Waste Management declared that its Board of Directors has approved a share repurchase plan on Thursday, December 14th that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Waste Management from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Stifel Nicolaus reissued a “buy” rating and issued a $100.00 price objective on shares of Waste Management in a research report on Thursday, January 4th. Macquarie raised Waste Management from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 3rd. Credit Suisse Group set a $90.00 price objective on Waste Management and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Oppenheimer increased their price objective on Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Waste Management currently has an average rating of “Buy” and a consensus price target of $86.78.

In related news, Director Patrick W. Gross sold 387 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $88.30, for a total value of $34,172.10. Following the completion of the transaction, the director now directly owns 30,673 shares in the company, valued at $2,708,425.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Barry H. Caldwell sold 1,650 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total value of $133,815.00. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

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Waste Management Profile

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

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

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