Rothschild & Co. Asset Management US Inc. Sells 171,425 Shares of Waste Management, Inc. (NYSE:WM)

Rothschild & Co. Asset Management US Inc. decreased its position in Waste Management, Inc. (NYSE:WM) by 20.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 670,484 shares of the business services provider’s stock after selling 171,425 shares during the quarter. Waste Management accounts for approximately 0.8% of Rothschild & Co. Asset Management US Inc.’s holdings, making the stock its 14th biggest holding. Rothschild & Co. Asset Management US Inc. owned approximately 0.16% of Waste Management worth $77,354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WM. Nordea Investment Management AB grew its holdings in shares of Waste Management by 22.9% in the 1st quarter. Nordea Investment Management AB now owns 2,936,324 shares of the business services provider’s stock worth $305,112,000 after purchasing an additional 547,291 shares during the last quarter. FMR LLC grew its holdings in shares of Waste Management by 136.9% in the 4th quarter. FMR LLC now owns 817,457 shares of the business services provider’s stock worth $72,745,000 after purchasing an additional 472,388 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Waste Management by 14.9% in the 1st quarter. California Public Employees Retirement System now owns 2,894,015 shares of the business services provider’s stock worth $300,717,000 after purchasing an additional 374,826 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Waste Management by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 5,208,586 shares of the business services provider’s stock worth $462,699,000 after purchasing an additional 326,408 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its holdings in shares of Waste Management by 12,605.8% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 298,204 shares of the business services provider’s stock worth $29,820,000 after purchasing an additional 295,857 shares during the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.

Waste Management stock traded down $3.19 during trading hours on Monday, reaching $113.54. 1,749,714 shares of the company’s stock traded hands, compared to its average volume of 1,558,797. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.70 and a quick ratio of 1.66. Waste Management, Inc. has a fifty-two week low of $83.22 and a fifty-two week high of $118.89. The company has a market cap of $49.52 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 3.16 and a beta of 0.62. The business’s 50 day moving average price is $116.56.

Waste Management (NYSE:WM) last released its earnings results on Thursday, July 25th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. Waste Management had a net margin of 11.49% and a return on equity of 29.15%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the prior year, the company posted $1.01 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, analysts forecast that Waste Management, Inc. will post 4.32 EPS for the current fiscal year.

Several research analysts recently issued reports on the stock. Raymond James set a $127.00 price target on shares of Waste Management and gave the stock a “buy” rating in a research report on Friday, July 26th. Oppenheimer reiterated a “market perform” rating on shares of Waste Management in a research report on Thursday, July 18th. KeyCorp upped their price target on shares of Waste Management from $112.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Royal Bank of Canada set a $126.00 price target on shares of Waste Management and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, CIBC reiterated a “market perform” rating on shares of Waste Management in a research report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $113.30.

In other news, CEO James C. Fish, Jr. sold 84,314 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $116.51, for a total value of $9,823,424.14. Following the completion of the sale, the chief executive officer now directly owns 282,921 shares of the company’s stock, valued at approximately $32,963,125.71. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Patrick W. Gross sold 289 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $118.61, for a total value of $34,278.29. Following the completion of the sale, the director now directly owns 53,378 shares of the company’s stock, valued at $6,331,164.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,303 shares of company stock worth $9,930,887. Corporate insiders own 0.14% of the company’s stock.

About Waste Management

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

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