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

Intech Investment Management LLC boosted its stake in Waste Management, Inc. (NYSE:WM) by 11.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,101 shares of the business services provider’s stock after buying an additional 8,542 shares during the quarter. Intech Investment Management LLC’s holdings in Waste Management were worth $16,837,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WM. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Waste Management during the 2nd quarter worth $31,000. Fairway Wealth LLC raised its holdings in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 66 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of Waste Management during the 2nd quarter worth approximately $39,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management in the second quarter valued at approximately $36,000. Finally, Hexagon Capital Partners LLC boosted its stake in Waste Management by 67.2% during the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock worth $42,000 after buying an additional 80 shares during the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WM. The Goldman Sachs Group raised shares of Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. BMO Capital Markets increased their price target on shares of Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price target on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Robert W. Baird cut their target price on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Finally, Truist Financial upped their price target on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $226.11.

Waste Management Price Performance

WM stock opened at $218.78 on Thursday. Waste Management, Inc. has a 1 year low of $168.73 and a 1 year high of $226.84. The firm has a market capitalization of $87.81 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.30 and a beta of 0.74. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The business’s 50-day moving average is $212.24 and its two-hundred day moving average is $209.92.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (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 company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts anticipate that Waste Management, Inc. will post 7.32 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently declared 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. This represents a $3.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is 45.87%.

Insider Transactions at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the transaction, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Waste Management 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.