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Christopher P. DeSantis, Senior Vice President of Operations - East at Waste Management Inc. (NYSE:WM), a $93.15 billion market cap company trading near its 52-week high of $235.81, has recently sold shares in the company, according to a regulatory filing. On March 3, DeSantis sold 45 shares of Waste Management’s common stock at a price of $234.83 per share, totaling $10,567. Following this transaction, DeSantis holds 8,714.2582 shares in the company. According to InvestingPro analysis, the stock currently trades at a P/E ratio of 33.86x and has maintained dividend payments for 28 consecutive years, with a recent dividend growth of 17.86%.
Additionally, on March 1, DeSantis disposed of 91 shares at a price of $231.37 per share, a settlement of a restricted share award under the company’s 2014 Stock Incentive Plan. This transaction was valued at $21,054.
The sale of additional shares was noted to cover personal federal income tax obligations.
In other recent news, Waste Management has reported a strong financial quarter, with revenue and EBITDA surpassing consensus expectations, leading Jefferies to increase its price target for the company’s shares to $257 while maintaining a Buy rating. Stifel analysts echoed this sentiment, maintaining a Buy rating with a price target of $252, following Waste Management’s robust fourth-quarter performance and optimistic forecast for fiscal year 2025. Erste Group analysts upgraded Waste Management’s stock rating from Hold to Buy, anticipating significant revenue and operating income growth in 2025, driven by both organic expansion and strategic acquisitions.
Oppenheimer analysts reaffirmed their Outperform rating, highlighting Waste Management’s strategic focus on residential margin improvement, landfill pricing growth, and productivity enhancements. Raymond (NSE:RYMD) James also maintained an Outperform rating, emphasizing Waste Management’s significant sustainability investments, projected to add $800 million to EBITDA by 2027. These investments include renewable natural gas plants and recycling projects, expected to yield quick returns.
Furthermore, Waste Management’s integration of WM Healthcare Solutions is progressing well, offering opportunities for operational advancements. The company is also focusing on enhancing service quality and implementing effective Enterprise Resource Planning systems. Analysts have noted Waste Management’s favorable market conditions and potential regulatory benefits, reinforcing their positive outlook on the company’s growth prospects.
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