Waste Management, Inc. (NYSE:WM) Short Interest Update

Waste Management, Inc. (NYSE:WM) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 5,380,000 shares, a growth of 8.2% from the January 15th total of 4,970,000 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 1,720,000 shares, the short-interest ratio is presently 3.1 days.

In other news, SVP Tara J. Hmmer sold 4,639 shares of Waste Management stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $110.36, for a total value of $511,960.04. Following the sale, the senior vice president now directly owns 25,405 shares in the company, valued at $2,803,695.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael J. Watson sold 1,000 shares of Waste Management stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $112.00, for a total transaction of $112,000.00. Following the completion of the sale, the vice president now owns 13,857 shares in the company, valued at $1,551,984. The disclosure for this sale can be found here. Insiders sold 5,906 shares of company stock worth $655,917 over the last quarter. 0.14% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in WM. Howe & Rusling Inc. boosted its position in shares of Waste Management by 139.6% in the third quarter. Howe & Rusling Inc. now owns 218 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 127 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of Waste Management by 146.8% in the third quarter. Candriam Luxembourg S.C.A. now owns 273,777 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 162,829 shares during the period. Sugarloaf Wealth Management LLC bought a new stake in shares of Waste Management in the fourth quarter valued at about $34,000. Atlas Private Wealth Management bought a new stake in shares of Waste Management in the fourth quarter valued at about $34,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Waste Management by 48.1% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 308 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 100 shares during the period. 72.65% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on WM shares. Deutsche Bank lifted their price objective on shares of Waste Management from $123.00 to $132.00 and gave the company a “hold” rating in a report on Friday. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 target price on shares of Waste Management in a research note on Friday. Stifel Nicolaus set a $125.00 target price on shares of Waste Management and gave the company a “buy” rating in a research note on Monday, October 21st. Jefferies Financial Group began coverage on shares of Waste Management in a research note on Wednesday, November 27th. They issued a “hold” rating and a $120.00 target price for the company. Finally, BMO Capital Markets raised their target price on shares of Waste Management from $129.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Waste Management presently has a consensus rating of “Buy” and an average target price of $123.85.

WM stock opened at $125.75 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.86 and a quick ratio of 1.82. The company has a fifty day moving average price of $119.25 and a two-hundred day moving average price of $115.78. Waste Management has a one year low of $97.55 and a one year high of $125.75. The stock has a market cap of $53.35 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 3.25 and a beta of 0.60.

Waste Management (NYSE:WM) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.04. Waste Management had a net margin of 11.35% and a return on equity of 28.63%. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the business posted $1.13 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts anticipate that Waste Management will post 4.39 EPS for the current fiscal year.

Waste Management Company Profile

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.

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