Catawba Capital Management VA cut its holdings in Waste Management, Inc. (NYSE:WM) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,767 shares of the business services provider’s stock after selling 5,547 shares during the period. Catawba Capital Management VA’s holdings in Waste Management were worth $3,950,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. State of Alaska Department of Revenue boosted its holdings in Waste Management by 268.3% in the fourth quarter. State of Alaska Department of Revenue now owns 69,568 shares of the business services provider’s stock worth $6,000,000 after purchasing an additional 50,680 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Waste Management in the fourth quarter worth $700,000. Acadian Asset Management LLC boosted its holdings in Waste Management by 2.0% in the fourth quarter. Acadian Asset Management LLC now owns 2,068,147 shares of the business services provider’s stock worth $178,481,000 after purchasing an additional 39,753 shares in the last quarter. Berkshire Asset Management LLC PA boosted its holdings in Waste Management by 9.5% in the fourth quarter. Berkshire Asset Management LLC PA now owns 311,743 shares of the business services provider’s stock worth $26,903,000 after purchasing an additional 27,007 shares in the last quarter. Finally, Charter Trust Co. lifted its position in Waste Management by 56.2% during the 4th quarter. Charter Trust Co. now owns 6,862 shares of the business services provider’s stock worth $592,000 after acquiring an additional 2,470 shares during the last quarter. Hedge funds and other institutional investors own 74.93% of the company’s stock.

In other news, SVP Barry H. Caldwell sold 1,650 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $81.10, for a total transaction of $133,815.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick W. Gross sold 387 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $88.30, for a total transaction of $34,172.10. Following the transaction, the director now directly owns 30,673 shares of the company’s stock, valued at approximately $2,708,425.90. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

Waste Management, Inc. (WM) traded down $0.57 during trading on Friday, reaching $87.96. 1,587,700 shares of the company’s stock were exchanged, compared to its average volume of 1,686,717. The firm has a market cap of $38,180.00, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 2.66 and a beta of 0.75. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.68 and a current ratio of 0.71. Waste Management, Inc. has a 52-week low of $69.00 and a 52-week high of $88.73.

Waste Management (NYSE:WM) last released its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.71 billion. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. analysts forecast that Waste Management, Inc. will post 3.2 earnings per share for the current year.

Waste Management declared that its board has initiated a stock buyback program on Thursday, December 14th that allows the company to repurchase $1.25 billion in shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

A number of research analysts have weighed in on WM shares. Zacks Investment Research lowered shares of Waste Management from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. BMO Capital Markets reissued a “buy” rating and set a $85.00 target price on shares of Waste Management in a research report on Friday, October 13th. KeyCorp reissued a “buy” rating and set a $88.00 target price on shares of Waste Management in a research report on Friday, October 27th. Macquarie raised shares of Waste Management from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 3rd. Finally, Bank of America cut their target price on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, October 5th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $86.78.

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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.

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

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