Guyasuta Investment Advisors Inc. Grows Position in Waste Management, Inc. (NYSE:WM)

Guyasuta Investment Advisors Inc. raised its position in shares of Waste Management, Inc. (NYSE:WM) by 22.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,597 shares of the business services provider’s stock after buying an additional 3,000 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Waste Management were worth $3,349,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WM. Geode Capital Management LLC lifted its stake in shares of Waste Management by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider’s stock valued at $1,686,203,000 after purchasing an additional 168,818 shares during the last quarter. Parnassus Investments LLC lifted its stake in shares of Waste Management by 11.3% in the 3rd quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock valued at $1,063,072,000 after purchasing an additional 520,096 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Waste Management by 7.1% in the 4th quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock valued at $854,446,000 after purchasing an additional 280,455 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Waste Management by 94,414.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock worth $538,013,000 after acquiring an additional 2,588,842 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Waste Management by 12.8% during the 3rd quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock worth $505,175,000 after acquiring an additional 276,287 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Charles C. Boettcher sold 693 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.59, for a total value of $152,868.87. Following the completion of the transaction, the executive vice president now owns 45,542 shares of the company’s stock, valued at $10,046,109.78. The trade was a 1.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Rafael Carrasco sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $225.89, for a total value of $903,560.00. Following the completion of the sale, the senior vice president now directly owns 18,531 shares in the company, valued at approximately $4,185,967.59. The trade was a 17.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,055 shares of company stock valued at $3,578,340. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WM shares. Oppenheimer raised their price target on Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. 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. StockNews.com lowered Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a research report on Friday, January 31st. Finally, BMO Capital Markets lifted their target price on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $234.50.

Waste Management Stock Up 0.1 %

Shares of WM stock opened at $227.80 on Friday. The stock’s fifty day moving average price is $212.00 and its 200 day moving average price is $211.96. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $230.39. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The company has a market cap of $91.43 billion, a price-to-earnings ratio of 33.50, a price-to-earnings-growth ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 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%. On average, research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

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.