Parkside Financial Bank & Trust Reduces Stake in Waste Management, Inc.

Parkside Financial Bank & Trust has reduced its investment in Waste Management, Inc. (NYSE:WM), one of the leading providers of waste management services. In a recent filing with the Securities and Exchange Commission (SEC), Parkside Financial revealed that it lowered its holdings in the company by 14.8% during the third quarter. Post-sale, Parkside now owns 1,125 shares, marking a sell off of 195 shares in the period.

Investors Change Positions in Waste Management

Other institutional investors have also made noteworthy adjustments in their Waste Management stock positions. Acadian Asset Management LLC significantly increased their holdings by 534.5% in the first quarter, acquiring an additional 2,817 shares. Concurrently, Blair William & Co. IL modestly upped its stake by 0.7%, while Baird Financial Group Inc. and NewEdge Advisors LLC also added to their positions. Covestor Ltd experienced an 83.8% jump in their investment in the same timeframe.

Waste Management's Stock Performance

Waste Management's stock has seen considerable movement, with highs and lows stretching from $148.31 to $208.63 over 12 months. The company's financial health shows a solid market cap of $83.55 billion, coupled with a PE ratio of 36.76 and a more conservative beta of 0.70. Waste Management's recent quarterly earnings report exceeded expectations, indicating a solid performance trajectory.

Analytical Views on Waste Management

Equity analysts have been actively tracking Waste Management shares, offering various recommendations. UBS Group downgraded the company from 'buy' to 'neutral', despite increasing their price target. Other experts from Erste Group Bank and Oppenheimer have rated the stock more favorably. Waste Management carries a 'Moderate Buy' consensus rating among analysts, with numerous hold and buy recommendations currently in play.

Insider Transactions at Waste Management

There has been a spate of insider activity, with several executives making notable transactions. SVP Christopher P. Desantis, for instance, sold 346 shares at an average price of $199.64. These dealings provide insights into insider perspectives on the company's value.

Waste Management's Business and Services

Waste Management, Inc. is a major player in environmental solutions, servicing a broad client base across the United States and Canada. With a focus on sustainability, Waste Management's operations include efficient waste collection and the operation of landfills and transfer stations that contribute to generating renewable energy sources.

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