Waste management’s chief sustainability officer sells $705,772 in stock

Tara J. Hemmer, Senior Vice President and Chief Sustainability Officer at Waste Management Inc. (NYSE:WM), recently sold shares of the company’s stock, according to a filing with the Securities and Exchange Commission. On March 5, Hemmer sold 3,094 shares at an average price of $228.11 per share, totaling approximately $705,772. The transaction comes as WM trades near its 52-week high of $235.81, with InvestingPro analysis indicating the stock is currently trading above its Fair Value.

Following this transaction, Hemmer retains ownership of 53,662.5789 shares in the company. The sale was conducted under a pre-arranged trading plan, as indicated in the filing. Waste Management, headquartered in Houston, Texas, is a leading provider of comprehensive waste management services in North America, with a market capitalization of $92.63 billion. The company maintains strong financial health according to InvestingPro metrics, boasting 21 consecutive years of dividend increases and generating $22.06 billion in revenue over the last twelve months. For detailed valuation insights and additional financial metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Waste Management reported strong financial results, with revenue and EBITDA surpassing market expectations. Jefferies responded by raising its price target for the company to $257, maintaining a Buy rating. Analysts highlighted the company’s ability to capture synergies, particularly from its strategic relationship with Stericycle (NASDAQ:SRCL), as a key driver for future margin expansion. Erste Group also upgraded Waste Management’s stock rating from Hold to Buy, citing robust growth prospects and favorable valuation metrics compared to industry peers. The firm anticipates significant year-over-year increases in revenue and operating income by 2025. Stifel maintained its Buy rating with a price target of $252, following Waste Management’s impressive fourth-quarter performance and optimistic forecast for 2025. The company’s sustainability initiatives are expected to contribute significantly to its financial outcomes, with a focus on renewable natural gas and recycling efforts. Raymond (NSE:RYMD) James and Oppenheimer both reaffirmed their Outperform ratings, emphasizing Waste Management’s strategic investments in sustainability and growth potential in the solid waste sector. These developments reflect a strong consensus among analysts regarding Waste Management’s promising outlook and strategic direction.

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