Waste Management, Inc. (WM) Stake Boosted by APG Asset Management N.V.

APG Asset Management N.V. boosted its position in Waste Management, Inc. (NYSE:WM) by 41.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,619,939 shares of the business services provider’s stock after buying an additional 474,600 shares during the period. APG Asset Management N.V. owned 0.37% of Waste Management worth $118,823,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in shares of Waste Management during the second quarter worth about $103,000. Quadrant Capital Group LLC boosted its stake in Waste Management by 5.8% in the first quarter. Quadrant Capital Group LLC now owns 1,424 shares of the business services provider’s stock worth $100,000 after buying an additional 78 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in Waste Management by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after buying an additional 14 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in Waste Management during the first quarter worth $127,000. Finally, Parallel Advisors LLC boosted its stake in Waste Management by 38.1% in the first quarter. Parallel Advisors LLC now owns 1,787 shares of the business services provider’s stock worth $130,000 after buying an additional 493 shares in the last quarter. Institutional investors own 75.53% of the company’s stock.

Shares of Waste Management, Inc. (WM) traded down 0.37% during trading on Friday, reaching $75.25. The company’s stock had a trading volume of 1,555,063 shares. The firm has a market cap of $33.11 billion, a PE ratio of 25.77 and a beta of 0.71. The stock’s 50 day moving average price is $74.81 and its 200-day moving average price is $73.07. Waste Management, Inc. has a 12 month low of $61.08 and a 12 month high of $76.33.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. Waste Management’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts predict that Waste Management, Inc. will post $3.19 EPS for the current year.

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WM has been the topic of a number of recent research reports. Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Friday, April 28th. Stifel Nicolaus increased their price objective on Waste Management from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, July 18th. KeyCorp raised their price target on Waste Management from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 11th. Oppenheimer Holdings, Inc. raised their price target on Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 5th. Finally, Credit Suisse Group raised their price target on Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $75.51.

In other Waste Management news, Director Patrick W. Gross sold 487 shares of the stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total transaction of $36,369.16. Following the completion of the transaction, the director now owns 23,222 shares in the company, valued at $1,734,218.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James C. Fish, Jr. sold 3,500 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $72.19, for a total transaction of $252,665.00. Following the transaction, the chief executive officer now owns 151,162 shares of the company’s stock, valued at approximately $10,912,384.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,440 shares of company stock valued at $322,728. 0.19% of the stock is owned by company insiders.

About Waste Management

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

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

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