Waste Management, Inc. (NYSE:WM) Shares Bought by Werlinich Asset Management LLC

Werlinich Asset Management LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,385 shares of the business services provider’s stock after purchasing an additional 50 shares during the period. Werlinich Asset Management LLC’s holdings in Waste Management were worth $910,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hexagon Capital Partners LLC raised its position in shares of Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after buying an additional 75 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Waste Management during the second quarter worth approximately $31,000. Opal Wealth Advisors LLC acquired a new stake in Waste Management in the first quarter worth approximately $35,000. Fairway Wealth LLC increased its position in shares of Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 66 shares during the period. Finally, Fairscale Capital LLC acquired a new stake in shares of Waste Management in the second quarter valued at $39,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Trading Down 1.3 %

Shares of NYSE:WM opened at $205.41 on Tuesday. The firm has a fifty day moving average of $206.74 and a two-hundred day moving average of $208.50. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 2.21. Waste Management, Inc. has a 12-month low of $153.95 and a 12-month high of $225.00. The firm has a market capitalization of $82.39 billion, a P/E ratio of 33.62, a price-to-earnings-growth ratio of 2.32 and a beta of 0.74.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.82 EPS for the quarter, meeting analysts’ consensus estimates of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The firm had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts expect that Waste Management, Inc. will post 7.24 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

Insiders Place Their Bets

In other news, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total transaction of $330,000.00. Following the transaction, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the topic of several research reports. CIBC dropped their price target on shares of Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research report on Friday, July 26th. Erste Group Bank reissued a “hold” rating on shares of Waste Management in a research note on Friday, June 14th. Robert W. Baird decreased 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 report on Friday, July 26th. Oppenheimer cut their price objective on Waste Management from $229.00 to $224.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Finally, Scotiabank started coverage on Waste Management in a report on Friday. They issued a “sector perform” rating and a $220.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $218.89.

About Waste Management

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.