Rep. Rick Larsen Purchases Shares of Waste Management, Inc. (NYSE:WM)

by · The Cerbat Gem

Representative Rick Larsen (D-Washington) recently bought shares of Waste Management, Inc. (NYSE:WM). In a filing disclosed on January 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Waste Management stock on January 7th. The trade occurred in the Representative’s “RICHARD R LARSEN IRA” account.

Representative Rick Larsen also recently made the following trade(s):

  • Sold $1,001 – $15,000 in shares of Verisk Analytics (NASDAQ:VRSK) on 1/7/2026.
  • Purchased $1,001 – $15,000 in shares of Darden Restaurants (NYSE:DRI) on 1/7/2026.
  • Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 1/7/2026.
  • Sold $1,001 – $15,000 in shares of Mondelez International (NASDAQ:MDLZ) on 1/7/2026.
  • Sold $1,001 – $15,000 in shares of Essex Property Trust (NYSE:ESS) on 1/7/2026.

Waste Management Trading Up 0.6%

Waste Management stock opened at $221.21 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.80. The firm’s 50 day moving average price is $215.74 and its 200-day moving average price is $219.25. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $242.58. The stock has a market cap of $89.12 billion, a P/E ratio of 34.84, a PEG ratio of 2.46 and a beta of 0.59.

Waste Management (NYSE:WM – Get Free Report) last issued its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.51 billion. During the same period last year, the company earned $1.96 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. On average, equities analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management’s dividend payout ratio (DPR) is 51.97%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WM. UBS Group raised Waste Management from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $225.00 to $260.00 in a research note on Friday, January 9th. Royal Bank Of Canada dropped their target price on Waste Management from $234.00 to $223.00 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. JPMorgan Chase & Co. increased their price target on Waste Management from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Oppenheimer lifted their price objective on shares of Waste Management from $262.00 to $263.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 16th. Finally, Robert W. Baird raised shares of Waste Management from a “neutral” rating to an “outperform” rating and increased their target price for the company from $238.00 to $242.00 in a research note on Tuesday, November 4th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $250.45.

Get Our Latest Stock Analysis on WM

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Waste Management by 2.1% during the third quarter. Vanguard Group Inc. now owns 38,436,462 shares of the business services provider’s stock valued at $8,487,924,000 after acquiring an additional 774,255 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Waste Management by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 8,647,146 shares of the business services provider’s stock worth $1,972,856,000 after purchasing an additional 126,329 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Waste Management by 5.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,668,221 shares of the business services provider’s stock worth $1,250,613,000 after buying an additional 277,250 shares during the last quarter. Norges Bank acquired a new position in Waste Management during the 2nd quarter valued at about $1,064,206,000. Finally, Northern Trust Corp raised its stake in Waste Management by 0.3% in the third quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock valued at $873,276,000 after buying an additional 11,688 shares during the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Activity

In related news, SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the completion of the transaction, the senior vice president owned 15,540 shares in the company, valued at $3,373,112.40. This trade represents a 8.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by company insiders.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington’s 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2027.

Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington’s 2nd Congressional District. He declared candidacy for the 2026 election.

Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure.

Larsen’s first position as an elected official was in 1998 as a member of the Snohomish County Council.

Larsen earned his bachelor’s degree from Pacific Lutheran University. After earning his master’s degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

Waste Management Company Profile

(Get Free Report)

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

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