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Houston, Texas - John A. Carroll, Vice President and Chief Accounting Officer at Waste Management Inc. (NYSE:WM), recently executed a stock transaction involving the sale of company shares. According to a recent SEC filing, Carroll sold 47 shares of Waste Management common stock on March 3, 2025, at a price of $234.76 per share, near the company’s 52-week high of $235.81. This transaction amounted to a total of $11,033. The stock has shown strong momentum, with a 15.85% return year-to-date.
The sale was conducted as part of a Rule 10b5-1 Trading Plan, which allows insiders to set up a predetermined plan to sell stocks. The purpose of this sale was to cover a personal federal income tax obligation. Following this transaction, Carroll holds approximately 9,671 shares of Waste Management stock. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with technical indicators suggesting overbought conditions.
In a related transaction on March 1, Carroll disposed of 75 shares at a price of $231.37 per share, as part of the settlement of a restricted share award under the company’s 2014 Stock Incentive Plan. Waste Management maintains strong financial health with an overall "GOOD" rating from InvestingPro, which offers 15+ additional insights about the company’s valuation and performance metrics in its comprehensive Pro Research Report.
In other recent news, Waste Management has reported a strong financial performance, with revenue and EBITDA surpassing consensus expectations, as noted by Jefferies. This robust quarter has led Jefferies to increase its price target for Waste Management shares to $257, maintaining a Buy rating. Stifel also upheld its Buy rating with a target of $252, following Waste Management’s impressive fourth-quarter performance and optimistic forecast for fiscal year 2025. Erste Group has upgraded Waste Management’s stock rating from Hold to Buy, citing significant growth prospects and the company’s anticipated revenue and operating income expansion in 2025. The firm’s analysts have highlighted Waste Management’s strategic acquisitions and organic business growth as key factors driving its performance.
Oppenheimer has reaffirmed its Outperform rating, emphasizing the company’s clear strategy and potential for growth in various business areas. The integration of WM Healthcare Solutions and favorable market conditions for renewable natural gas are seen as contributing positively to the company’s operations. Raymond (NSE:RYMD) James also maintained an Outperform rating, focusing on Waste Management’s significant investments in sustainability and their expected quick returns. These investments are projected to add $800 million to the company’s EBITDA by the end of 2027. Collectively, these developments reflect a positive outlook from multiple analyst firms on Waste Management’s future performance and strategic initiatives.
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