Trust Co. of Vermont Cuts Holdings in Waste Management, Inc. (NYSE:WM)

Trust Co. of Vermont decreased its position in Waste Management, Inc. (NYSE:WM) by 0.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,915 shares of the business services provider’s stock after selling 130 shares during the period. Trust Co. of Vermont’s holdings in Waste Management were worth $2,067,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its position in shares of Waste Management by 22.9% in the first quarter. Nordea Investment Management AB now owns 2,936,324 shares of the business services provider’s stock valued at $305,112,000 after purchasing an additional 547,291 shares during the period. FMR LLC grew its position in shares of Waste Management by 136.9% in the fourth quarter. FMR LLC now owns 817,457 shares of the business services provider’s stock valued at $72,745,000 after purchasing an additional 472,388 shares during the period. California Public Employees Retirement System grew its position in shares of Waste Management by 14.9% in the first quarter. California Public Employees Retirement System now owns 2,894,015 shares of the business services provider’s stock valued at $300,717,000 after purchasing an additional 374,826 shares during the period. Geode Capital Management LLC grew its position in shares of Waste Management by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 5,208,586 shares of the business services provider’s stock valued at $462,699,000 after purchasing an additional 326,408 shares during the period. Finally, Thoroughbred Financial Services LLC grew its position in shares of Waste Management by 12,605.8% in the second quarter. Thoroughbred Financial Services LLC now owns 298,204 shares of the business services provider’s stock valued at $29,820,000 after purchasing an additional 295,857 shares during the period. 73.57% of the stock is owned by institutional investors.

WM traded up $0.37 on Wednesday, reaching $116.47. 622,534 shares of the company’s stock were exchanged, compared to its average volume of 1,584,986. The firm has a market capitalization of $48.92 billion, a PE ratio of 27.73, a PEG ratio of 3.16 and a beta of 0.62. Waste Management, Inc. has a twelve month low of $83.22 and a twelve month high of $118.89. The business has a fifty day moving average price of $116.67. The company has a current ratio of 1.70, a quick ratio of 1.66 and a debt-to-equity ratio of 1.95.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Thursday, July 25th. The business services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.94 billion. Waste Management had a net margin of 11.49% and a return on equity of 29.15%. Waste Management’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 earnings per share. Analysts expect that Waste Management, Inc. will post 4.32 EPS for the current year.

WM has been the topic of several research analyst reports. Argus lifted their target price on shares of Waste Management from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, April 26th. KeyCorp lifted their target price on shares of Waste Management from $112.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, June 3rd. JPMorgan Chase & Co. initiated coverage on shares of Waste Management in a research report on Wednesday. They issued a “neutral” rating and a $120.00 target price on the stock. CIBC reiterated a “market perform” rating on shares of Waste Management in a research report on Thursday, July 18th. Finally, Oppenheimer restated a “market perform” rating on shares of Waste Management in a research report on Thursday, July 18th. Five 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 an average target price of $113.91.

In related news, Director Patrick W. Gross sold 289 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $118.61, for a total transaction of $34,278.29. Following the transaction, the director now directly owns 53,378 shares in the company, valued at $6,331,164.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James C. Fish, Jr. sold 84,314 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $116.51, for a total transaction of $9,823,424.14. Following the transaction, the chief executive officer now owns 282,921 shares in the company, valued at $32,963,125.71. The disclosure for this sale can be found here. 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.

Recommended Story: How does a security become overbought?

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM).

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

Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.