Quantitative Investment Management LLC Purchases New Holdings in Waste Management, Inc. $WM

Quantitative Investment Management LLC acquired a new position in Waste Management, Inc. (NYSE:WM) during the second quarter, HoldingsChannel reports. The institutional investor acquired 7,230 shares of the business services provider’s stock, valued at approximately $1,611,000.

Several other large investors have also recently made changes to their positions in the business. RHL Group LLC purchased a new stake in shares of Waste Management in the 4th quarter worth approximately $29,000. Financial Network Wealth Advisors LLC raised its stake in Waste Management by 55.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after buying an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new stake in Waste Management in the fourth quarter worth $29,000. JPL Wealth Management LLC purchased a new stake in shares of Waste Management in the third quarter worth $30,000. Finally, Main Street Group LTD bought a new position in shares of Waste Management during the first quarter valued at $31,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce lowered shares of Waste Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Barclays upped their target price on shares of Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Scotiabank increased their price target on shares of Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, July 16th. Finally, Weiss Ratings lowered shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.89.

Waste Management Stock Performance

Shares of WM opened at $219.38 on Tuesday. The firm has a market capitalization of $87.69 billion, a P/E ratio of 31.07, a PEG ratio of 2.77 and a beta of 0.44. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The business has a fifty day moving average of $228.72 and a 200 day moving average of $227.51.

Waste Management (NYSE:WM) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.Waste Management’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.92 earnings per share. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 8.13 EPS for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.945 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. Waste Management’s dividend payout ratio (DPR) is presently 53.54%.

About Waste Management

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.