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Michael J. Watson, the Senior Vice President and Chief Customer Officer of Waste Management Inc. (NYSE:WM), a $92.6 billion market cap company trading near its 52-week high, recently executed a series of stock transactions, according to a Form 4 filing with the SEC. According to InvestingPro data, the stock is currently showing signs of being overbought. On February 24, 2025, Watson sold 5,732 shares of Waste Management common stock, valued at approximately $1.3 million, at a weighted average price of $227.51 per share. The sale was executed in multiple trades at prices ranging from $226.63 to $230.00.
In addition to the sale, Watson exercised stock options to acquire 11,594 shares at a price of $110.81 per share, with a total value of about $1.28 million. Following these transactions, Watson’s direct ownership of Waste Management shares stands at 47,592.0414 shares.
In other recent news, Waste Management reported its financial results for the fourth quarter of 2024, revealing an earnings per share (EPS) of $1.70, which fell short of the forecasted $1.82. However, the company exceeded revenue expectations, reporting $5.89 billion compared to the anticipated $5.67 billion. Jefferies raised its price target for Waste Management shares to $257, maintaining a Buy rating, following a robust financial quarter where both revenue and EBITDA surpassed consensus expectations. Erste Group also upgraded Waste Management’s stock rating from Hold to Buy, citing robust growth prospects and projecting significant revenue and operating income expansion in 2025.
Stifel maintained its Buy rating on Waste Management, with a price target of $252, following the company’s strong fourth-quarter performance and optimistic forecast for 2025. The company’s sustainability initiatives are expected to contribute significantly to its growth, with an estimated $190 million expected in FY25. Oppenheimer reaffirmed its Outperform rating on Waste Management shares, highlighting insights from recent investor meetings that emphasized growth in landfill pricing and volume, as well as productivity enhancements.
Waste Management’s integration of WM Healthcare Solutions is progressing well, with expectations of capturing $250 million in synergies from its strategic relationship with Stericycle (NASDAQ:SRCL). The company anticipates continued EBITDA growth and capital expenditure increases in 2025, with a focus on enhancing service quality and adopting data-driven pricing strategies. These developments reflect Waste Management’s strategic focus on growth and sustainability, as well as the confidence of analysts in its future performance.
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