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John A. Carroll, Vice President and Chief Accounting Officer of Waste Management Inc. (NYSE:WM), recently sold a significant number of shares in the company. According to a recent SEC filing, Carroll disposed of 1,251 shares of common stock on March 7 at a price of $225.92 per share, totaling approximately $282,625. Following this transaction, Carroll now holds 8,419.98 shares in the company. The sale comes as WM trades near its 52-week high of $235.81, with the stock showing impressive momentum, up about 14% year-to-date. According to InvestingPro analysis, the company currently appears overvalued relative to its Fair Value. Waste Management Inc., headquartered in Houston, Texas, is a leading provider in the refuse systems industry. With a market capitalization of $92.3 billion, the company maintains a strong financial health rating and has raised its dividend for 21 consecutive years, according to InvestingPro, which offers 12 additional valuable insights about WM’s financial performance and outlook.
In other recent news, Waste Management has reported robust financial performance, with revenue and EBITDA exceeding consensus expectations, according to Jefferies. The firm has subsequently raised its price target for the company to $257, maintaining a Buy rating. Similarly, Stifel analysts have reiterated their Buy rating with a price target of $252, following Waste Management’s strong fourth-quarter results and optimistic forecast for fiscal year 2025. The company anticipates mid to high single-digit organic growth in adjusted EBITDA, driven by favorable conditions in its core operations and growth in its Healthcare Solutions segment.
Erste Group has upgraded Waste Management’s stock rating from Hold to Buy, citing significant growth prospects. The analysts expect substantial year-over-year increases in revenue and operating income in 2025, attributing this to both organic growth and strategic acquisitions. Raymond (NSE:RYMD) James has maintained an Outperform rating, emphasizing Waste Management’s substantial investments in sustainability, which are projected to add $800 million to EBITDA by 2027.
Oppenheimer analysts have also reaffirmed their Outperform rating, highlighting the company’s strategic focus on residential margin improvement and growth in landfill pricing and volume. Waste Management’s management has noted positive market conditions for renewable natural gas and potential regulatory benefits that could enhance operations. These recent developments underscore Waste Management’s strategic focus and potential for sustained growth.
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