Hager Investment Management Services LLC Takes Position in Waste Management, Inc. (NYSE:WM)

Hager Investment Management Services LLC bought a new stake in Waste Management, Inc. (NYSE:WM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,710 shares of the business services provider’s stock, valued at approximately $345,000.

A number of other institutional investors have also modified their holdings of WM. Czech National Bank grew its holdings in Waste Management by 7.0% during the third quarter. Czech National Bank now owns 74,394 shares of the business services provider’s stock worth $15,444,000 after acquiring an additional 4,842 shares during the period. Park Avenue Securities LLC grew its holdings in Waste Management by 4.6% during the third quarter. Park Avenue Securities LLC now owns 4,842 shares of the business services provider’s stock worth $1,005,000 after acquiring an additional 213 shares during the period. GAMMA Investing LLC grew its holdings in Waste Management by 23.8% during the third quarter. GAMMA Investing LLC now owns 6,686 shares of the business services provider’s stock worth $1,388,000 after acquiring an additional 1,286 shares during the period. Diversified Trust Co grew its holdings in Waste Management by 40.2% during the third quarter. Diversified Trust Co now owns 7,031 shares of the business services provider’s stock worth $1,460,000 after acquiring an additional 2,016 shares during the period. Finally, Miracle Mile Advisors LLC boosted its position in Waste Management by 6.7% during the third quarter. Miracle Mile Advisors LLC now owns 21,245 shares of the business services provider’s stock worth $4,410,000 after purchasing an additional 1,332 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insider Buying and Selling

In other Waste Management news, SVP Tara J. Hemmer sold 4,576 shares of Waste Management stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the sale, the senior vice president now directly owns 58,765 shares in the company, valued at $13,052,881.80. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Johnson Varkey sold 560 shares of Waste Management stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $220.11, for a total value of $123,261.60. Following the sale, the senior vice president now owns 9,152 shares in the company, valued at $2,014,446.72. This represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,055 shares of company stock valued at $2,674,780. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Performance

NYSE WM opened at $222.33 on Wednesday. The firm has a market capitalization of $89.23 billion, a P/E ratio of 32.70, a P/E/G ratio of 2.57 and a beta of 0.78. Waste Management, Inc. has a 1-year low of $187.20 and a 1-year high of $230.39. 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 simple moving average is $212.16 and its 200-day simple moving average is $211.25.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. Equities analysts predict that Waste Management, Inc. will post 7.92 EPS for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 44.12%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Truist Financial boosted their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. StockNews.com downgraded Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of Waste Management in a research report on Friday, January 31st. Argus lifted their price objective on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley lifted their price objective on Waste Management from $227.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Waste Management presently has an average rating of “Moderate Buy” and a consensus price target of $234.50.

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.