Waste Management, Inc. (NYSE:WM) Stock Holdings Decreased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its position in Waste Management, Inc. (NYSE:WM) by 11.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 132,613 shares of the business services provider’s stock after selling 16,997 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Waste Management were worth $26,760,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management grew its holdings in shares of Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after buying an additional 120 shares in the last quarter. Global Wealth Strategies & Associates boosted its position in Waste Management by 892.9% during the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares during the period. General Partner Inc. acquired a new position in shares of Waste Management in the 4th quarter valued at about $29,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Waste Management in the fourth quarter worth approximately $35,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Waste Management during the second quarter worth approximately $36,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares of the company’s stock, valued at $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WM shares. CIBC lifted their target price on shares of Waste Management from $228.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, December 4th. Truist Financial lifted their price objective on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Argus increased their price target on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus raised their target price on Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average price target of $231.39.

Waste Management Stock Up 6.2 %

Shares of WM opened at $222.57 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The company has a 50-day simple moving average of $212.26 and a 200-day simple moving average of $211.28. Waste Management, Inc. has a 52 week low of $184.72 and a 52 week high of $230.39. The firm has a market capitalization of $89.33 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.17 and a beta of 0.77.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.35% and a return on equity of 39.88%. On average, equities research analysts expect that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio (DPR) is presently 45.87%.

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.