RBO & Co. LLC Has $11.35 Million Position in Waste Management, Inc. (NYSE:WM)

RBO & Co. LLC raised its stake in Waste Management, Inc. (NYSE:WM) by 1,722.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,681 shares of the business services provider’s stock after buying an additional 51,681 shares during the period. RBO & Co. LLC’s holdings in Waste Management were worth $11,352,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC raised its holdings in Waste Management by 94,414.4% in the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock valued at $538,013,000 after buying an additional 2,588,842 shares during the last quarter. Swedbank AB bought a new position in shares of Waste Management during the first quarter valued at $193,955,000. Wulff Hansen & CO. lifted its holdings in shares of Waste Management by 20,402.6% during the second quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider’s stock worth $185,196,000 after purchasing an additional 863,846 shares during the period. AMF Tjanstepension AB grew its stake in shares of Waste Management by 85.6% in the second quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider’s stock worth $333,234,000 after purchasing an additional 720,358 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position in Waste Management by 248.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 984,774 shares of the business services provider’s stock worth $210,092,000 after purchasing an additional 702,188 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WM. JPMorgan Chase & Co. increased their price target on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley increased their target price on shares of Waste Management from $214.00 to $227.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Argus upped their price objective on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Truist Financial increased their price objective on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer upped their price target on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Eleven analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $226.11.

Insider Buying and Selling

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the transaction, the director now owns 3,875 shares of the company’s stock, valued at $834,946.25. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a 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 Trading Up 0.8 %

NYSE:WM opened at $227.45 on Wednesday. Waste Management, Inc. has a one year low of $168.73 and a one year high of $228.52. The company has a market cap of $91.29 billion, a PE ratio of 34.78, a PEG ratio of 2.37 and a beta of 0.74. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The firm has a 50-day moving average of $213.68 and a 200-day moving average of $210.32.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The company had revenue of $5.61 billion for 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 for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $1.63 earnings per share. As a group, equities research analysts expect that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.32%. Waste Management’s dividend payout ratio is currently 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.