Northern Trust Corp Has $941.71 Million Stock Position in Waste Management, Inc. $WM

Key Points

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Northern Trust Corp lifted its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 1.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,067,680 shares of the business services provider's stock after purchasing an additional 70,907 shares during the quarter. Northern Trust Corp owned about 1.01% of Waste Management worth $941,709,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC boosted its position in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock worth $1,384,000 after acquiring an additional 2,320 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in Waste Management by 14.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 124,848 shares of the business services provider's stock worth $25,193,000 after acquiring an additional 15,974 shares during the last quarter. XTX Topco Ltd acquired a new position in Waste Management during the 4th quarter worth approximately $268,000. Ossiam boosted its position in Waste Management by 3.9% during the 4th quarter. Ossiam now owns 8,951 shares of the business services provider's stock worth $1,806,000 after acquiring an additional 340 shares during the last quarter. Finally, Natixis boosted its position in Waste Management by 59.5% during the 4th quarter. Natixis now owns 17,868 shares of the business services provider's stock worth $3,606,000 after acquiring an additional 6,662 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Performance

WM traded down $0.6010 during trading hours on Thursday, reaching $229.4290. The company's stock had a trading volume of 958,779 shares, compared to its average volume of 1,889,573. Waste Management, Inc. has a 52 week low of $199.69 and a 52 week high of $242.58. The company's 50-day moving average is $229.47 and its 200-day moving average is $229.74. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.82 and a current ratio of 0.86. The firm has a market cap of $92.42 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.03. Waste Management had a return on equity of 34.37% and a net margin of 11.36%.The business had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.37 billion. During the same quarter in the prior year, the business earned $1.82 EPS. The firm's revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WM shares. HSBC raised Waste Management from a "hold" rating to a "buy" rating and upped their price target for the stock from $210.00 to $265.00 in a research report on Friday, April 25th. Hsbc Global Res upgraded Waste Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. CIBC upped their price objective on Waste Management from $244.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday, June 26th. Melius started coverage on Waste Management in a research note on Monday, June 9th. They set a "buy" rating on the stock. Finally, Oppenheimer upped their price objective on Waste Management from $260.00 to $265.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.35.

Insider Buying and Selling at Waste Management

In other Waste Management news, CFO Devina A. Rankin sold 57,888 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the transaction, the chief financial officer owned 83,934 shares in the company, valued at $19,922,574.24. This trade represents a 40.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rafael Carrasco sold 674 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total value of $159,609.94. Following the transaction, the senior vice president owned 16,542 shares in the company, valued at $3,917,311.02. The trade was a 3.91% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Waste Management Company 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.