Naples Global Advisors LLC Acquires 950 Shares of Waste Management, Inc. (NYSE:WM)

Naples Global Advisors LLC boosted its holdings in Waste Management, Inc. (NYSE:WM) by 7.1% during the 4th quarter, Holdings Channel reports. The firm owned 14,302 shares of the business services provider’s stock after acquiring an additional 950 shares during the period. Naples Global Advisors LLC’s holdings in Waste Management were worth $2,886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of WM. Activest Wealth Management increased its stake in shares of Waste Management by 4,000.0% during the 3rd quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock worth $26,000 after purchasing an additional 120 shares during the last quarter. Global Wealth Strategies & Associates increased its position in Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after buying an additional 125 shares during the last quarter. General Partner Inc. bought a new stake in shares of Waste Management in the fourth quarter valued at $29,000. Sugar Maple Asset Management LLC purchased a new position in shares of Waste Management during the 4th quarter valued at $35,000. Finally, Pineridge Advisors LLC bought a new stake in Waste Management in the 4th quarter valued at about $35,000. Institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling

In other news, 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 transaction, the senior vice president now owns 18,531 shares in the company, valued at approximately $4,185,967.59. This trade represents a 17.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Johnson Varkey sold 560 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $220.11, for a total transaction of $123,261.60. Following the sale, the senior vice president now owns 9,152 shares of the company’s stock, valued at $2,014,446.72. This represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,055 shares of company stock worth $3,578,340 in the last 90 days. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

WM has been the topic of a number of recent research reports. StockNews.com cut shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Raymond James raised their price target on Waste Management from $235.00 to $237.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Scotiabank increased their price objective on Waste Management from $250.00 to $255.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, CIBC boosted their price objective on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $234.50.

Waste Management Price Performance

WM opened at $227.42 on Thursday. The stock has a market capitalization of $91.28 billion, a P/E ratio of 33.44, a PEG ratio of 2.70 and a beta of 0.78. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 12-month low of $194.20 and a 12-month high of $230.39. The stock has a 50-day moving average price of $211.89 and a 200-day moving average price of $211.74.

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

About Waste Management

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.