26,808 Shares in Waste Management, Inc. (NYSE:WM) Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new position in shares of Waste Management, Inc. (NYSE:WM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 26,808 shares of the business services provider’s stock, valued at approximately $4,804,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its position in Waste Management by 8.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 28,912 shares of the business services provider’s stock worth $4,407,000 after purchasing an additional 2,272 shares in the last quarter. Birch Hill Investment Advisors LLC grew its holdings in Waste Management by 5.5% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 6,321 shares of the business services provider’s stock valued at $1,132,000 after buying an additional 332 shares during the period. International Assets Investment Management LLC grew its holdings in Waste Management by 13,927.7% in the 4th quarter. International Assets Investment Management LLC now owns 504,296 shares of the business services provider’s stock valued at $90,319,000 after buying an additional 500,701 shares during the period. Pacer Advisors Inc. grew its holdings in Waste Management by 93.0% in the 4th quarter. Pacer Advisors Inc. now owns 46,613 shares of the business services provider’s stock valued at $8,348,000 after buying an additional 22,455 shares during the period. Finally, DSM Capital Partners LLC purchased a new stake in Waste Management in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Buying and Selling at Waste Management

In other Waste Management news, VP Michael J. Watson sold 4,208 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $204.28, for a total value of $859,610.24. Following the transaction, the vice president now directly owns 45,644 shares of the company’s stock, valued at approximately $9,324,156.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Stock Performance

Waste Management stock opened at $207.89 on Wednesday. The stock’s 50 day moving average price is $207.24 and its 200 day moving average price is $197.93. The firm has a market capitalization of $83.38 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a one year low of $149.71 and a one year high of $214.54.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the prior year, the company posted $1.31 EPS. Waste Management’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Waste Management, Inc. will post 7.31 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Friday, June 7th. Waste Management’s payout ratio is 49.10%.

Analyst Upgrades and Downgrades

WM has been the subject of several recent analyst reports. Morgan Stanley lifted their price target on Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. StockNews.com upgraded Waste Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. Jefferies Financial Group lifted their price target on Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a report on Monday, March 18th. Oppenheimer lifted their price objective on Waste Management from $221.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Truist Financial lifted their price objective on Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $217.61.

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.