Quadrature Capital Ltd Has $7.19 Million Position in Waste Management, Inc. (NYSE:WM)

Quadrature Capital Ltd grew its position in Waste Management, Inc. (NYSE:WM) by 25.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,718 shares of the business services provider’s stock after purchasing an additional 6,910 shares during the period. Quadrature Capital Ltd’s holdings in Waste Management were worth $7,187,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in WM. Parnassus Investments LLC boosted its stake in Waste Management by 0.3% in the fourth quarter. Parnassus Investments LLC now owns 4,799,687 shares of the business services provider’s stock worth $859,624,000 after purchasing an additional 16,213 shares in the last quarter. Norges Bank bought a new stake in shares of Waste Management during the fourth quarter worth approximately $784,486,000. Capital World Investors lifted its holdings in Waste Management by 44.6% in the first quarter. Capital World Investors now owns 4,226,869 shares of the business services provider’s stock valued at $900,957,000 after buying an additional 1,303,466 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Waste Management by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,997,367 shares of the business services provider’s stock valued at $357,729,000 after acquiring an additional 38,828 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Waste Management by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,931,135 shares of the business services provider’s stock worth $345,851,000 after acquiring an additional 17,254 shares during the period. Institutional investors own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total value of $330,000.00. Following the completion of the transaction, the vice president now directly owns 44,144 shares in the company, valued at $9,711,680. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Waste Management news, VP Michael J. Watson sold 1,500 shares of the company’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 sale, the vice president now directly owns 44,144 shares of the company’s stock, valued at $9,711,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael J. Watson sold 4,208 shares of Waste Management stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the completion of the transaction, the vice president now directly owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WM shares. CIBC reduced their price target on Waste Management from $223.00 to $213.00 and set a “neutral” rating on the stock in a research report on Friday. Morgan Stanley raised their target price on Waste Management from $202.00 to $214.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft assumed coverage on Waste Management in a research report on Wednesday, May 22nd. They set a “buy” rating and a $241.00 target price for the company. BMO Capital Markets reduced their price objective on shares of Waste Management from $215.00 to $213.00 and set a “market perform” rating on the stock in a research note on Friday. Finally, Raymond James boosted their price objective on shares of Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $215.83.

Waste Management Stock Down 1.5 %

Shares of WM stock traded down $2.96 on Friday, hitting $196.96. 2,500,282 shares of the stock were exchanged, compared to its average volume of 1,486,250. The company has a current ratio of 1.07, a quick ratio of 0.85 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $79.00 billion, a P/E ratio of 32.24, a price-to-earnings-growth ratio of 2.32 and a beta of 0.74. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $225.00. The business has a 50-day moving average of $209.51 and a 200 day moving average of $204.86.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter in the prior year, the firm posted $1.51 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that Waste Management, Inc. will post 7.32 EPS for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a $0.75 dividend. The ex-dividend date was Friday, June 7th. This represents a $3.00 annualized dividend and a yield of 1.52%. Waste Management’s payout ratio is currently 49.10%.

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.