Waste Management Inc EVP & CFO Devina Rankin Sells Company Shares
Devina Rankin, EVP & CFO of Waste Management Inc (NYSE:WM), has sold 775 shares of the company on February 14, 2024, according to a recent SEC Filing. The transaction was executed at a stock price of $198.58, resulting in a total sale amount of $153,899.50.
Waste Management Inc is a leading provider of comprehensive waste management environmental services in North America. The company offers services that range from collection and disposal to recycling and renewable energy generation, catering to municipal, commercial, industrial, and residential customers.
Over the past year, the insider has sold a total of 775 shares and has not made any purchases of the company's stock. The recent sale by the insider is part of a trend observed over the past year, where there have been no insider buys and 22 insider sells for Waste Management Inc.
On the valuation front, Waste Management Inc's shares were trading at $198.58 on the day of the insider's sale, giving the company a market capitalization of $79.962 billion. The price-earnings ratio of the company stands at 35.18, which is above both the industry median of 17.98 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.1, with a GF Value of $180.76, indicating that Waste Management Inc is considered Fairly Valued according to GuruFocus's intrinsic value estimate.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
Investors and stakeholders in Waste Management Inc may consider the insider's recent transaction as part of their assessment of the stock, alongside the company's valuation metrics and market performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
