Waste Management, Inc. (NYSE:WM) Shares Bought by Radnor Capital Management LLC

Radnor Capital Management LLC lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 17.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,256 shares of the business services provider’s stock after purchasing an additional 3,130 shares during the quarter. Radnor Capital Management LLC’s holdings in Waste Management were worth $4,413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in WM. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Waste Management during the 2nd quarter worth $31,000. Fairway Wealth LLC grew its stake 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 worth $36,000 after purchasing an additional 66 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Waste Management in the 2nd quarter worth about $36,000. Fairscale Capital LLC purchased a new stake in shares of Waste Management in the 2nd quarter worth about $39,000. Finally, Hexagon Capital Partners LLC boosted 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 buying an additional 80 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WM shares. StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 9th. Argus boosted their price objective on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. UBS Group boosted their price objective on shares of Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. BMO Capital Markets boosted their price objective on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Finally, CIBC upped their target price on shares of Waste Management from $213.00 to $228.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $226.11.

Waste Management Stock Up 0.8 %

WM opened at $215.88 on Wednesday. The firm has a 50 day moving average price of $209.58 and a 200 day moving average price of $209.00. The company has a market cap of $86.65 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 2.26 and a beta of 0.74. Waste Management, Inc. has a 1 year low of $167.78 and a 1 year high of $225.00. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) 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 net margin of 12.35% and a return on equity of 39.88%. The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 EPS. Sell-side analysts expect that Waste Management, Inc. will post 7.31 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is 45.87%.

Insider Buying and Selling at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the sale, the director now owns 3,875 shares of the company’s stock, valued at $834,946.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

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.