Waste Management, Inc. $WM Position Increased by Credit Agricole S A

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Credit Agricole S A grew its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 111.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 305,342 shares of the business services provider's stock after purchasing an additional 160,880 shares during the period. Credit Agricole S A owned 0.08% of Waste Management worth $70,690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WM. Brighton Jones LLC boosted its stake in Waste Management by 51.1% in the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider's stock valued at $1,384,000 after acquiring an additional 2,320 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Waste Management by 41.7% in the 1st quarter. Golden State Wealth Management LLC now owns 789 shares of the business services provider's stock worth $183,000 after purchasing an additional 232 shares during the last quarter. Calamos Advisors LLC boosted its position in Waste Management by 2.8% during the 1st quarter. Calamos Advisors LLC now owns 283,500 shares of the business services provider's stock valued at $65,633,000 after purchasing an additional 7,751 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Waste Management by 4.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 592,229 shares of the business services provider's stock worth $137,108,000 after buying an additional 24,023 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Waste Management by 13.1% in the first quarter. GAMMA Investing LLC now owns 8,247 shares of the business services provider's stock worth $1,909,000 after buying an additional 958 shares during the period. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Melius Research raised shares of Waste Management to a "strong-buy" rating and set a $263.00 price target for the company in a report on Monday, June 9th. Melius initiated coverage on shares of Waste Management in a research note on Monday, June 9th. They set a "buy" rating for the company. Oppenheimer raised their price target on shares of Waste Management from $260.00 to $265.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Wall Street Zen upgraded Waste Management from a "hold" rating to a "buy" rating in a research report on Tuesday, April 29th. Finally, William Blair reiterated an "outperform" rating on shares of Waste Management in a research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $254.35.

Waste Management Price Performance

Shares of NYSE:WM traded down $0.6010 on Thursday, reaching $229.4290. 958,779 shares of the company traded hands, compared to its average volume of 1,889,573. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The stock has a market capitalization of $92.42 billion, a PE ratio of 34.04, a P/E/G ratio of 2.82 and a beta of 0.64. The company's 50 day moving average is $229.47 and its 200-day moving average is $229.74. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58.

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

Insiders Place Their Bets

In other news, SVP Rafael Carrasco sold 674 shares of the firm's 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 completion of the sale, the senior vice president owned 16,542 shares of the company's stock, valued at $3,917,311.02. This trade represents a 3.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Devina A. Rankin sold 57,888 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total value of $13,740,295.68. Following the transaction, the chief financial officer directly owned 83,934 shares in the company, valued at $19,922,574.24. The trade was a 40.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate 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.