Waste Management Inc (WM): Jeff M Harris , Senior Vice President of Waste Management Inc sold 62,927 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $60.08 per share for a total value of $3,780,327.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, John J Morris (Sr VP Field Operations) sold 33,914 shares at $59.57 per share price.On May 4, 2016, Don P Carpenter (VP & Chief Acctg Officer) sold 2,000 shares at $59.56 per share price.Also, On May 4, 2016, Puneet Bhasin (EVP Corp Op & Pres WM Recyclin) sold 23,565 shares at $59.59 per share price.On Mar 10, 2016, James C Jr Fish (EVP, Chief Financial Officer) sold 562 shares at $57.76 per share price.
Waste Management: On Wednesday, May 4, 2016 heightened volatility was witnessed in Waste Management which led to swings in the share price. The shares opened for trading at $59.84 and hit $60.46 on the upside , eventually ending the session at $60.41, with a gain of 0.95% or 0.57 points. The heightened volatility saw the trading volume jump to 22,19,658 shares. The 52-week high of the share price is $60.46 and the company has a market cap of $26,838 M . The 52-week low of the share price is at $45.86.
Company has been under the radar of several Street Analysts.Waste Management is Reiterated by Imperial Capital to In-line and the brokerage firm has raised the Price Target to $ 62 from a previous price target of $60 .The Rating was issued on Apr 29, 2016.Waste Management is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 62 from a previous price target of $60 .The Rating was issued on Apr 29, 2016.Waste Management is Initiated by BofA/Merrill to Neutral. The Rating was issued on Apr 25, 2016.Waste Management is Initiated by Sterne Agee CRT to Neutral. The Rating was issued on Mar 22, 2016.Waste Management is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 60 from a previous price target of $58 .The Rating was issued on Feb 23, 2016.
Waste Management Inc. is a holding company. The Company through its subsidiaries provides waste management environmental services. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focus on geographic areas and provides collection transfer recycling and resource recovery and disposal services. The Company develops operates and owns landfill gas-to-energy facilities in the United States. The Company’s segments include Tier 1 which comprises areas in the Southern United States; Tier 2 which comprises areas located in the Midwest and Northeast United States and Tier 3 which encompasses the remaining areas including the Northwest and Mid-Atlantic regions of the United States and Eastern Canada. The Company owns or operates 252 landfill sites. It manages 298 transfer stations that consolidate compact and transport waste.