Waste Management, Inc. (NYSE:WM) Holdings Lifted by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC raised its stake in Waste Management, Inc. (NYSE:WM) by 0.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,762 shares of the business services provider’s stock after buying an additional 98 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Waste Management were worth $14,275,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Waste Management during the second quarter worth $31,000. Fairway Wealth LLC increased its position in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock worth $36,000 after buying an additional 66 shares during the period. Fairscale Capital LLC acquired a new position in Waste Management during the 2nd quarter valued at $39,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Waste Management during the second quarter valued at about $36,000. Finally, Hexagon Capital Partners LLC lifted its position 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. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WM has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Scotiabank initiated coverage on Waste Management in a research report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price objective for the company. William Blair started coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Robert W. Baird decreased their price target on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Finally, UBS Group raised their target price on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and an average target price of $226.11.

Insider Activity at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction that occurred on 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 directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

Waste Management Trading Down 1.7 %

NYSE WM opened at $217.90 on Monday. The stock’s 50-day moving average is $211.61 and its 200-day moving average is $209.71. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a one year low of $168.73 and a one year high of $226.84. The firm has a market cap of $87.46 billion, a P/E ratio of 33.32, a P/E/G ratio of 2.30 and a beta of 0.74.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 EPS. Sell-side analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.38%. Waste Management’s dividend payout ratio is 45.87%.

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.