Waste Management, Inc. (NYSE:WM) is Terra Alpha Investments LLC’s 2nd Largest Position

Terra Alpha Investments LLC boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 6.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 22,226 shares of the business services provider’s stock after acquiring an additional 1,266 shares during the quarter. Waste Management comprises about 5.6% of Terra Alpha Investments LLC’s portfolio, making the stock its 2nd largest position. Terra Alpha Investments LLC’s holdings in Waste Management were worth $5,146,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WM. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Waste Management by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,866 shares of the business services provider’s stock valued at $781,000 after buying an additional 44 shares during the period. Ascent Group LLC boosted its position in Waste Management by 0.6% in the 4th quarter. Ascent Group LLC now owns 7,534 shares of the business services provider’s stock worth $1,520,000 after purchasing an additional 44 shares in the last quarter. Insight Wealth Strategies LLC grew its stake in shares of Waste Management by 0.4% during the 1st quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider’s stock worth $2,698,000 after purchasing an additional 44 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of Waste Management by 0.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider’s stock valued at $1,366,000 after purchasing an additional 45 shares during the period. Finally, Covestor Ltd boosted its holdings in Waste Management by 8.2% during the fourth quarter. Covestor Ltd now owns 609 shares of the business services provider’s stock worth $123,000 after buying an additional 46 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Waste Management

In other news, CFO Devina A. Rankin sold 57,888 shares of Waste Management stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $237.36, for a total value of $13,740,295.68. Following the completion of the sale, the chief financial officer now directly owns 83,934 shares of the company’s stock, valued at approximately $19,922,574.24. The trade was a 40.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Rafael Carrasco sold 674 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $236.81, for a total value of $159,609.94. Following the transaction, the senior vice president now directly owns 16,542 shares in the company, valued at approximately $3,917,311.02. The trade was a 3.91% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

WM has been the subject of a number of analyst reports. Hsbc Global Res upgraded shares of Waste Management from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Melius Research began coverage on Waste Management in a research report on Monday. They set a “buy” rating and a $263.00 price target on the stock. National Bank Financial raised Waste Management to a “hold” rating in a research note on Monday, May 26th. UBS Group lifted their price target on shares of Waste Management from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, April 30th. Finally, Wall Street Zen upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a research report on Tuesday, April 29th. Nine analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Waste Management has an average rating of “Moderate Buy” and a consensus target price of $248.00.

Waste Management Stock Down 1.0%

Shares of NYSE:WM opened at $233.94 on Tuesday. Waste Management, Inc. has a 52-week low of $196.59 and a 52-week high of $242.58. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. The business has a fifty day moving average of $231.29 and a two-hundred day moving average of $223.55. The stock has a market cap of $94.14 billion, a P/E ratio of 34.40, a PEG ratio of 2.71 and a beta of 0.66.

Waste Management (NYSE:WM) last issued its earnings results on Monday, April 28th. The business services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.08. Waste Management had a net margin of 12.45% and a return on equity of 37.93%. The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same period in the previous year, the firm earned $1.75 earnings per share. Waste Management’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a $0.825 dividend. The ex-dividend date is Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a yield of 1.41%. Waste Management’s payout ratio is currently 49.77%.

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.