Clarkston Capital Partners LLC raised its stake in Waste Management, Inc. (NYSE:WM – Free Report) by 9.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 78,129 shares of the business services provider’s stock after buying an additional 6,442 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Waste Management were worth $17,166,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in WM. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in shares of Waste Management during the fourth quarter valued at $10,206,000. Capital Advisors Inc. OK increased its holdings in shares of Waste Management by 2.0% during the fourth quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock valued at $43,192,000 after purchasing an additional 3,880 shares during the period. Central Bank & Trust Co. increased its holdings in shares of Waste Management by 333.1% during the fourth quarter. Central Bank & Trust Co. now owns 8,442 shares of the business services provider’s stock valued at $1,855,000 after purchasing an additional 6,493 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Waste Management by 15.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 793,346 shares of the business services provider’s stock valued at $173,774,000 after purchasing an additional 104,843 shares during the period. Finally, Goodman Financial Corp acquired a new position in shares of Waste Management during the fourth quarter valued at $16,898,000. 80.40% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on WM shares. Royal Bank Of Canada raised their price target on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Wolfe Research started coverage on Waste Management in a report on Friday, March 13th. They set a “peer perform” rating on the stock. Robert W. Baird raised their price target on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Barclays raised their price target on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Fifteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $255.30.
Waste Management Price Performance
NYSE:WM opened at $219.12 on Friday. The business’s 50-day moving average price is $222.77 and its 200 day moving average price is $224.68. The firm has a market cap of $87.99 billion, a P/E ratio of 31.71, a PEG ratio of 2.29 and a beta of 0.45. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22.
Waste Management (NYSE:WM – Get Free Report) last released its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.Waste Management’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 earnings per share. As a group, sell-side analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.
Waste Management Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. Waste Management’s payout ratio is presently 54.70%.
Waste Management Company Profile
Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.
Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.
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