Jump Financial LLC Purchases Shares of 4,156 Waste Management, Inc. (NYSE:WM)

Jump Financial LLC purchased a new stake in shares of Waste Management, Inc. (NYSE:WMFree Report) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 4,156 shares of the business services provider’s stock, valued at approximately $634,000.

Several other large investors have also recently modified their holdings of WM. Savant Capital LLC grew its holdings in shares of Waste Management by 0.4% during the third quarter. Savant Capital LLC now owns 176,092 shares of the business services provider’s stock valued at $26,843,000 after buying an additional 706 shares during the last quarter. Wambolt & Associates LLC grew its holdings in shares of Waste Management by 6.0% during the third quarter. Wambolt & Associates LLC now owns 19,579 shares of the business services provider’s stock valued at $2,961,000 after buying an additional 1,109 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Waste Management by 71.8% during the third quarter. Cornerstone Wealth Management LLC now owns 5,331 shares of the business services provider’s stock valued at $813,000 after buying an additional 2,228 shares during the last quarter. abrdn plc grew its holdings in shares of Waste Management by 315.7% during the third quarter. abrdn plc now owns 1,457,393 shares of the business services provider’s stock valued at $222,165,000 after buying an additional 1,106,773 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Waste Management by 6.9% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 362,106 shares of the business services provider’s stock valued at $55,199,000 after buying an additional 23,346 shares during the last quarter. Institutional investors own 78.34% of the company’s stock.

Insider Buying and Selling at Waste Management

In related news, VP Michael J. Watson sold 14,288 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $170.44, for a total value of $2,435,246.72. Following the completion of the transaction, the vice president now owns 41,428 shares of the company’s stock, valued at approximately $7,060,988.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Michael J. Watson sold 14,288 shares of Waste Management stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $170.44, for a total transaction of $2,435,246.72. Following the transaction, the vice president now directly owns 41,428 shares of the company’s stock, valued at $7,060,988.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James C. Fish, Jr. sold 5,383 shares of Waste Management stock in a transaction on Monday, November 13th. The stock was sold at an average price of $172.00, for a total transaction of $925,876.00. Following the sale, the chief executive officer now owns 171,938 shares of the company’s stock, valued at $29,573,336. The disclosure for this sale can be found here. Insiders sold 51,666 shares of company stock valued at $9,033,380 in the last 90 days. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WM. Wells Fargo & Company began coverage on shares of Waste Management in a research report on Monday, November 27th. They set an “equal weight” rating and a $175.00 price target on the stock. Wolfe Research initiated coverage on shares of Waste Management in a research note on Tuesday, October 17th. They issued a “peer perform” rating on the stock. Erste Group Bank upgraded Waste Management from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Stifel Nicolaus lifted their price objective on Waste Management from $183.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, BMO Capital Markets lifted their price objective on Waste Management from $160.00 to $163.00 and gave the company a “market perform” rating in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $183.62.

Get Our Latest Research Report on WM

Waste Management Stock Down 0.2 %

WM opened at $189.51 on Friday. The firm has a 50-day simple moving average of $180.25 and a two-hundred day simple moving average of $168.09. Waste Management, Inc. has a 52 week low of $148.31 and a 52 week high of $190.44. The company has a market capitalization of $76.33 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.76 and a beta of 0.70. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.17.

About Waste Management

(Free Report)

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.

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

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