Field & Main Bank Has $2.08 Million Stake in Waste Management, Inc. (NYSE:WM)

Field & Main Bank lifted its position in Waste Management, Inc. (NYSE:WM) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,595 shares of the business services provider’s stock after purchasing an additional 220 shares during the quarter. Field & Main Bank’s holdings in Waste Management were worth $2,077,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. abrdn plc lifted its stake in Waste Management by 315.7% in the third quarter. abrdn plc now owns 1,457,393 shares of the business services provider’s stock valued at $222,165,000 after buying an additional 1,106,773 shares in the last quarter. Mirova US LLC boosted its holdings in shares of Waste Management by 26,116.4% during the 4th quarter. Mirova US LLC now owns 913,904 shares of the business services provider’s stock worth $163,680,000 after buying an additional 910,418 shares during the period. Nordea Investment Management AB increased its stake in shares of Waste Management by 16.9% during the third quarter. Nordea Investment Management AB now owns 5,366,017 shares of the business services provider’s stock worth $827,815,000 after purchasing an additional 776,491 shares during the period. OMERS ADMINISTRATION Corp grew its stake in shares of Waste Management by 128.2% in the third quarter. OMERS ADMINISTRATION Corp now owns 898,796 shares of the business services provider’s stock valued at $137,012,000 after acquiring an additional 504,924 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Stock Performance

NYSE WM traded up $2.00 on Monday, reaching $212.10. The stock had a trading volume of 2,048,384 shares, compared to its average volume of 1,675,736. The stock has a market cap of $85.07 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 2.81 and a beta of 0.72. The business’s 50-day moving average price is $208.75 and its 200 day moving average price is $187.69. 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 12-month low of $149.71 and a 12-month high of $214.54.

Waste Management (NYSE:WM) last released its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the firm posted $1.31 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Waste Management, Inc. will post 7.09 earnings per share for the current year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.41%. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, March 14th. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. HSBC cut shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price target on the stock. in a research report on Thursday, February 15th. StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. BMO Capital Markets increased their price target on shares of Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a research report on Friday. Stifel Nicolaus raised their price target on Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research report on Friday. Finally, UBS Group lowered Waste Management from a “buy” rating to a “neutral” rating and lifted their price target for the company from $190.00 to $205.00 in a research report on Wednesday, February 14th. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $215.88.

Insider Buying and Selling

In related news, SVP Christopher P. Desantis sold 346 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $199.64, for a total transaction of $69,075.44. Following the transaction, the senior vice president now directly owns 8,218 shares of the company’s stock, valued at approximately $1,640,641.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Waste Management news, VP Donald J. Smith sold 329 shares of Waste Management stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $198.56, for a total value of $65,326.24. Following the transaction, the vice president now owns 5,522 shares in the company, valued at $1,096,448.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Christopher P. Desantis sold 346 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $199.64, for a total value of $69,075.44. Following the transaction, the senior vice president now directly owns 8,218 shares in the company, valued at $1,640,641.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,007 shares of company stock valued at $3,696,520. Insiders own 0.18% of the company’s stock.

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.