McIlrath & Eck LLC Sells 110 Shares of Waste Management, Inc. (NYSE:WM)

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McIlrath & Eck LLC reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,784 shares of the business services provider’s stock after selling 110 shares during the period. Waste Management accounts for approximately 0.5% of McIlrath & Eck LLC’s holdings, making the stock its 11th biggest position. McIlrath & Eck LLC’s holdings in Waste Management were worth $895,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI boosted its holdings in Waste Management by 45.8% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 360,054 shares of the business services provider’s stock valued at $41,539,000 after purchasing an additional 113,173 shares during the period. Johnson Financial Group Inc. boosted its holdings in Waste Management by 6.6% in the 2nd quarter. Johnson Financial Group Inc. now owns 1,909 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 118 shares during the period. Baldwin Brothers Inc. MA boosted its holdings in Waste Management by 2.0% in the 2nd quarter. Baldwin Brothers Inc. MA now owns 45,207 shares of the business services provider’s stock valued at $5,216,000 after purchasing an additional 900 shares during the period. Burns J W & Co. Inc. NY boosted its holdings in Waste Management by 4.3% in the 2nd quarter. Burns J W & Co. Inc. NY now owns 33,755 shares of the business services provider’s stock valued at $3,894,000 after purchasing an additional 1,389 shares during the period. Finally, BBT Capital Management LLC bought a new stake in Waste Management in the 2nd quarter valued at $205,000. 73.11% of the stock is owned by institutional investors and hedge funds.

WM has been the subject of a number of research reports. Macquarie reissued an “outperform” rating and issued a $130.00 price target on shares of Waste Management in a report on Wednesday, September 4th. CIBC reissued a “market perform” rating on shares of Waste Management in a report on Thursday, July 18th. ValuEngine downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Royal Bank of Canada set a $126.00 price objective on shares of Waste Management and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Raymond James set a $127.00 price objective on shares of Waste Management and gave the company a “buy” rating in a research note on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $116.82.

Shares of WM stock traded up $0.68 during mid-day trading on Friday, reaching $111.03. The company’s stock had a trading volume of 1,205,702 shares, compared to its average volume of 1,771,314. Waste Management, Inc. has a 1-year low of $83.49 and a 1-year high of $121.77. The company has a market cap of $45.95 billion, a P/E ratio of 26.44, a PEG ratio of 3.02 and a beta of 0.60. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.82 and a current ratio of 1.86. The firm’s 50-day moving average is $114.16 and its two-hundred day moving average is $113.97.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. Waste Management had a net margin of 11.35% and a return on equity of 28.63%. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter in the prior year, the company posted $1.15 EPS. The business’s revenue was up 3.8% on a year-over-year basis. Sell-side analysts anticipate that Waste Management, Inc. will post 4.35 EPS for the current year.

In related news, SVP Tara J. Hmmer sold 4,739 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $118.04, for a total transaction of $559,391.56. Following the completion of the sale, the senior vice president now owns 23,470 shares in the company, valued at approximately $2,770,398.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael J. Watson sold 8,019 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $119.40, for a total transaction of $957,468.60. Following the sale, the vice president now owns 17,254 shares of the company’s stock, valued at approximately $2,060,127.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,347 shares of company stock valued at $1,585,155. Corporate insiders own 0.14% of the company’s stock.

About Waste Management

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.

Further Reading: Portfolio Manager

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

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