Waste Management, Inc. (NYSE:WM) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in Waste Management, Inc. (NYSE:WM) by 11.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,101 shares of the business services provider’s stock after purchasing an additional 8,542 shares during the quarter. Intech Investment Management LLC’s holdings in Waste Management were worth $16,837,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Waste Management during the 2nd quarter worth approximately $31,000. Fairway Wealth LLC lifted its holdings in shares of Waste Management by 62.9% during the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after purchasing an additional 66 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in Waste Management in the 2nd quarter valued at $36,000. Fairscale Capital LLC acquired a new position in Waste Management in the 2nd quarter valued at $39,000. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Waste Management by 67.2% in the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock worth $42,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE:WM opened at $218.78 on Thursday. Waste Management, Inc. has a twelve month low of $168.73 and a twelve month high of $226.84. The firm has a market capitalization of $87.81 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 2.30 and a beta of 0.74. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The firm’s fifty day simple moving average is $212.24 and its 200 day simple moving average is $209.92.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the previous year, the company posted $1.63 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities research analysts expect that Waste Management, Inc. will post 7.32 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a yield of 1.37%. Waste Management’s dividend payout ratio is presently 45.87%.

Wall Street Analyst Weigh In

WM has been the topic of a number of recent analyst reports. Robert W. Baird dropped their price target on shares of Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a research note on Friday, July 26th. CIBC increased their target price on Waste Management from $213.00 to $228.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. BMO Capital Markets increased their price objective on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley boosted their target price on shares of Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.11.

Insider Buying and Selling at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the transaction, the director now directly owns 3,875 shares in the company, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.