美国废物管理股价震荡上行，政策利好预期与内幕交易引关注

Core Viewpoint - The recent developments in the waste management sector, particularly regarding policy changes and internal company events, are creating potential investment opportunities and risks for Waste Management Inc. (WM.N) [1] Group 1: Policy Environment - The U.S. Environmental Protection Agency (EPA) is moving to revoke the 2009 greenhouse gas hazard finding, which could lower compliance costs for the waste management industry, potentially benefiting the sector [1] Group 2: Stock Performance - The stock price of Waste Management Inc. fluctuated, closing at $230.83 on February 12, 2026, up from $226.79 on February 6, 2026, representing a 1.87% increase with a trading range of 4.80% [2] - The stock reached a high of $236.24 on February 12, 2026, and a low of $225.36 on February 9, 2026, indicating volatility in trading activity [2] - Trading volume peaked at $456 million on February 11, 2026, but decreased to $296 million on February 12, 2026, reflecting a divergence in market activity [2] Group 3: Financial Performance - For the third quarter of 2025, Waste Management reported revenues of $18.891 billion, a year-over-year increase of 16.83%, while net profit was $1.967 billion, down 8.38% [3] - The net profit margin for the fiscal year 2025 was 10.74%, and the return on equity (ROE) was 29.69%, indicating ongoing profitability challenges despite a slight decline in net profit of 1.38% year-over-year [3] Group 4: Institutional Perspectives - Analysts have mixed but generally positive ratings for Waste Management, with Goldman Sachs initiating coverage with a "Buy" rating and a target price of $256, while JPMorgan maintained an "Overweight" rating with a target of $265 [4] - Wells Fargo raised its target price to $250, while TD Securities downgraded its rating to "In-Line" with a target price of $250 [4] - Analysts are particularly focused on the expected 13.53% year-over-year growth in earnings per share for the fourth quarter of 2025, indicating resilience in profitability [4]