G&S Capital LLC Reduces Stock Position in Waste Management, Inc. (NYSE:WM)

G&S Capital LLC decreased its holdings in Waste Management, Inc. (NYSE:WM) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,151 shares of the business services provider’s stock after selling 201 shares during the period. G&S Capital LLC’s holdings in Waste Management were worth $2,654,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Activest Wealth Management boosted its position in Waste Management by 4,000.0% in the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares during the period. Global Wealth Strategies & Associates raised its stake in shares of Waste Management by 892.9% during the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. General Partner Inc. purchased a new stake in shares of Waste Management in the fourth quarter valued at approximately $29,000. Sugar Maple Asset Management LLC bought a new position in Waste Management in the fourth quarter worth approximately $35,000. Finally, Pineridge Advisors LLC bought a new stake in Waste Management during the 4th quarter valued at $35,000. 80.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WM has been the topic of a number of recent research reports. Truist Financial increased their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group dropped their target price on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Citigroup boosted their price target on shares of Waste Management from $242.00 to $255.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Scotiabank lifted their price objective on shares of Waste Management from $250.00 to $255.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. Finally, StockNews.com lowered Waste Management from a “buy” rating to a “hold” rating in a report on Friday, January 31st. 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $234.50.

Waste Management Price Performance

Shares of WM stock opened at $227.42 on Thursday. Waste Management, Inc. has a fifty-two week low of $194.20 and a fifty-two week high of $230.39. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The firm has a market capitalization of $91.28 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 2.70 and a beta of 0.78. The stock’s 50-day simple moving average is $211.93 and its 200-day simple moving average is $211.85.

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 return on equity of 38.88% and a net margin of 12.45%. As a group, equities analysts forecast that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Devina A. Rankin sold 5,826 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,294,071.12. Following the sale, the chief financial officer now directly owns 69,442 shares of the company’s stock, valued at $15,424,457.04. This represents a 7.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Donald J. Smith sold 191 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.22, for a total transaction of $42,062.02. Following the transaction, the vice president now directly owns 6,129 shares of the company’s stock, valued at approximately $1,349,728.38. This trade represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,055 shares of company stock valued at $3,578,340 over the last ninety days. 0.18% of the stock is currently owned by insiders.

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.