The recent financial disclosure by Representative Robert Bresnahan, Jr. has brought Waste Management Stock (NYSE:WM) into focus, revealing a notable divestment from his portfolio. This transaction, publicly filed on June 9th, indicates a sale of shares in the environmental services giant.
The Pennsylvania Republican, Representative Bresnahan, Jr., executed the sale on May 15th, with the value of the shares unloaded falling between $1,001 and $15,000. This particular insider trading activity was conducted through his “JP MORGAN BROKERAGE ACCOUNT,” as detailed in the official filing.
Examining the broader context of NYSE:WM performance, the company’s shares opened at $228.93 on a recent Friday. Over the past year, Waste Management, Inc. has demonstrated a trading range with a 12-month low of $199.69 and a 12-month high of $242.58, indicating its price fluctuations within the market.
Further financial scrutiny reveals Waste Management, Inc. maintains a current ratio of 0.86, a quick ratio of 0.79, and a debt-to-equity ratio of 2.51. With a substantial market capitalization of $92.12 billion, the company’s valuation metrics include a PE ratio of 33.97, a price-to-earnings-growth ratio of 2.83, and a beta of 0.64, all contributing to a comprehensive market analysis.
In addition to stock performance, Waste Management recently declared a quarterly dividend, distributed on Friday, June 20th, to investors recorded by June 6th. This dividend of $0.825 per share translates to an annualized $3.30, yielding 1.4%, and reflects a payout ratio of 48.96%, showcasing the company’s commitment to shareholder returns.
Significant movement among institutional investors and hedge funds has also been observed, with entities like Westend Capital Management LLC and West Branch Capital LLC increasing their holdings in Waste Management during the first quarter. This trend underscores a continued interest from major investment firms in the company’s outlook.
Brokerage firms have weighed in with their assessments of WM, with Hsbc Global Res upgrading the stock to a “strong-buy” and JPMorgan Chase & Co. elevating their rating to “overweight” with an increased price target. The consensus among analysts, according to MarketBeat, points to a “Moderate Buy” rating and an average target price of $254.35, signaling positive sentiment for the company’s future.
Beyond Representative Bresnahan Jr., other corporate executives have also engaged in significant stock transactions. The Senior Vice President and Chief Financial Officer recently sold substantial blocks of shares, reflecting a strategic adjustment in their personal congressional investments within the company.
Rep. Robert Bresnahan Jr., a Republican from Pennsylvania’s 8th Congressional District, assumed office in January 2025 and is seeking re-election in 2026. His professional background includes experience as a CFO and CEO of an electrical contracting company, prior to his current political role, adding context to his financial dealings.
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