DekaBank Deutsche Girozentrale grew its stake in Waste Management, Inc. (NYSE:WM) by 18.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 412,612 shares of the business services provider’s stock after purchasing an additional 65,618 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.10% of Waste Management worth $31,500,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Sigma Planning Corp lifted its stake in shares of Waste Management by 36.2% in the 3rd quarter. Sigma Planning Corp now owns 33,317 shares of the business services provider’s stock valued at $2,608,000 after purchasing an additional 8,860 shares during the period. Ifrah Financial Services Inc. lifted its stake in shares of Waste Management by 27.2% in the 3rd quarter. Ifrah Financial Services Inc. now owns 6,978 shares of the business services provider’s stock valued at $546,000 after purchasing an additional 1,494 shares during the period. Ardevora Asset Management LLP acquired a new position in shares of Waste Management in the 3rd quarter valued at $35,425,000. Rhumbline Advisers lifted its stake in shares of Waste Management by 2.2% in the 3rd quarter. Rhumbline Advisers now owns 732,644 shares of the business services provider’s stock valued at $57,344,000 after purchasing an additional 16,040 shares during the period. Finally, Moody Lynn & Lieberson LLC lifted its stake in shares of Waste Management by 20.1% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 171,716 shares of the business services provider’s stock valued at $13,440,000 after purchasing an additional 28,760 shares during the period. 76.48% of the stock is currently owned by institutional investors.
Waste Management, Inc. (NYSE:WM) traded up $0.82 during mid-day trading on Tuesday, reaching $82.14. The company’s stock had a trading volume of 1,902,800 shares, compared to its average volume of 1,671,143. The company has a market cap of $35,310.46, a PE ratio of 26.06, a PEG ratio of 2.64 and a beta of 0.76. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.68 and a current ratio of 0.71. Waste Management, Inc. has a 52-week low of $67.14 and a 52-week high of $82.87.
Waste Management (NYSE:WM) last released its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. equities analysts expect that Waste Management, Inc. will post 3.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Thursday, November 30th. Waste Management’s dividend payout ratio (DPR) is presently 54.84%.
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A number of research firms recently commented on WM. Zacks Investment Research cut shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Oppenheimer Holdings, Inc. upped their price objective on shares of Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Credit Suisse Group set a $90.00 price objective on shares of Waste Management and gave the company a “buy” rating in a research report on Monday, October 30th. KeyCorp upped their price objective on shares of Waste Management from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Finally, BMO Capital Markets restated a “buy” rating and issued a $85.00 price objective on shares of Waste Management in a research report on Friday, October 13th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $81.81.
About Waste Management
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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