4,790 Shares in Waste Management, Inc. (NYSE:WM) Acquired by Intact Investment Management Inc.

Intact Investment Management Inc. acquired a new position in shares of Waste Management, Inc. (NYSE:WM) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,790 shares of the business services provider’s stock, valued at approximately $994,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Northeast Investment Management increased its holdings in Waste Management by 9.7% during the 3rd quarter. Northeast Investment Management now owns 129,055 shares of the business services provider’s stock worth $26,792,000 after purchasing an additional 11,383 shares during the last quarter. Roman Butler Fullerton & Co. increased its holdings in shares of Waste Management by 2.4% in the 3rd quarter. Roman Butler Fullerton & Co. now owns 2,299 shares of the business services provider’s stock valued at $492,000 after acquiring an additional 53 shares during the last quarter. Harbour Investment Management LLC increased its holdings in shares of Waste Management by 0.7% in the 3rd quarter. Harbour Investment Management LLC now owns 22,245 shares of the business services provider’s stock valued at $4,618,000 after acquiring an additional 144 shares during the last quarter. Nvwm LLC increased its holdings in shares of Waste Management by 4.2% in the 3rd quarter. Nvwm LLC now owns 8,608 shares of the business services provider’s stock valued at $1,787,000 after acquiring an additional 349 shares during the last quarter. Finally, GFS Advisors LLC increased its holdings in shares of Waste Management by 2,885.7% in the 3rd quarter. GFS Advisors LLC now owns 10,450 shares of the business services provider’s stock valued at $2,169,000 after acquiring an additional 10,100 shares during the last quarter. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WM. Oppenheimer boosted their price target on Waste Management from $224.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. StockNews.com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets upped their price objective on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Robert W. Baird lowered their price objective on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. upped their price objective on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Waste Management presently has an average rating of “Moderate Buy” and a consensus target price of $226.05.

Waste Management Trading Up 0.1 %

Shares of Waste Management stock opened at $214.24 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The firm has a market cap of $85.99 billion, a price-to-earnings ratio of 32.76, a price-to-earnings-growth ratio of 2.26 and a beta of 0.74. The business has a fifty day simple moving average of $209.44 and a 200-day simple moving average of $208.94. Waste Management, Inc. has a fifty-two week low of $167.78 and a fifty-two week high of $225.00.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.07. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The company’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 earnings per share. On average, equities analysts forecast that Waste Management, Inc. will post 7.3 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

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.