Van ECK Associates Corp Purchases 7,691 Shares of Waste Management, Inc. (NYSE:WM)

Van ECK Associates Corp grew its position in shares of Waste Management, Inc. (NYSE:WMFree Report) by 16.2% in the third quarter, Holdings Channel reports. The firm owned 55,201 shares of the business services provider’s stock after purchasing an additional 7,691 shares during the period. Van ECK Associates Corp’s holdings in Waste Management were worth $8,415,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Mizuho Securities Co. Ltd. purchased a new position in shares of Waste Management during the 2nd quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Waste Management during the 1st quarter worth $29,000. Indiana Trust & Investment Management CO bought a new stake in shares of Waste Management during the 3rd quarter worth $28,000. KB Financial Partners LLC bought a new stake in shares of Waste Management during the 1st quarter worth $33,000. Finally, Northwest Capital Management Inc bought a new stake in shares of Waste Management during the 2nd quarter worth $36,000. 78.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Waste Management

In related news, EVP Charles C. Boettcher sold 2,500 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $184.50, for a total value of $461,250.00. Following the completion of the transaction, the executive vice president now directly owns 32,959 shares of the company’s stock, valued at $6,080,935.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Charles C. Boettcher sold 2,500 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $184.50, for a total value of $461,250.00. Following the completion of the transaction, the executive vice president now directly owns 32,959 shares of the company’s stock, valued at $6,080,935.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Michael J. Watson sold 14,288 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $170.44, for a total transaction of $2,435,246.72. Following the completion of the transaction, the vice president now directly owns 41,428 shares of the company’s stock, valued at $7,060,988.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,666 shares of company stock worth $9,033,380. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WM. Wolfe Research began coverage on shares of Waste Management in a report on Tuesday, October 17th. They set a “peer perform” rating for the company. BMO Capital Markets lifted their price objective on shares of Waste Management from $160.00 to $163.00 and gave the stock a “market perform” rating in a report on Thursday, October 26th. Raymond James lowered their price target on shares of Waste Management from $179.00 to $175.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. Stifel Nicolaus boosted their price target on shares of Waste Management from $183.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Finally, Oppenheimer boosted their price target on shares of Waste Management from $184.00 to $188.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $183.62.

Read Our Latest Stock Report on WM

Waste Management Stock Performance

Waste Management stock opened at $188.86 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 2.17. The firm has a 50-day moving average of $180.55 and a 200-day moving average of $168.21. The firm has a market cap of $76.07 billion, a P/E ratio of 33.43, a P/E/G ratio of 2.77 and a beta of 0.70. Waste Management, Inc. has a 1-year low of $148.31 and a 1-year high of $190.44.

Waste Management Profile

(Free Report)

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.

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

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