Savant Capital LLC Acquires 4,771 Shares of Waste Management, Inc. (NYSE:WM)

Savant Capital LLC increased its stake in Waste Management, Inc. (NYSE:WM) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 179,800 shares of the business services provider’s stock after purchasing an additional 4,771 shares during the quarter. Savant Capital LLC’s holdings in Waste Management were worth $36,282,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of Waste Management by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,146,111 shares of the business services provider’s stock valued at $1,686,203,000 after acquiring an additional 168,818 shares during the period. Parnassus Investments LLC boosted its position in shares of Waste Management by 11.3% in the third quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after purchasing an additional 520,096 shares during the period. Nordea Investment Management AB increased its stake in shares of Waste Management by 7.1% in the fourth quarter. Nordea Investment Management AB now owns 4,240,429 shares of the business services provider’s stock worth $854,446,000 after purchasing an additional 280,455 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Waste Management by 94,414.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock valued at $538,013,000 after buying an additional 2,588,842 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Waste Management by 12.8% in the 3rd quarter. Barclays PLC now owns 2,433,408 shares of the business services provider’s stock worth $505,175,000 after buying an additional 276,287 shares during the period. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on WM. Truist Financial boosted 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. BMO Capital Markets upped their price target on Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Argus lifted their price objective on shares of Waste Management from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Royal Bank of Canada upped their target price on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Finally, William Blair reiterated an “outperform” rating on shares of Waste Management in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $234.50.

Waste Management Stock Up 0.0 %

Shares of WM opened at $224.94 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 52-week low of $187.48 and a 52-week high of $230.39. The company has a market cap of $90.28 billion, a PE ratio of 33.08, a P/E/G ratio of 2.70 and a beta of 0.78. The business has a fifty day moving average of $211.84 and a 200 day moving average of $211.39.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. On average, sell-side analysts expect that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, December 6th. Waste Management’s dividend payout ratio is currently 44.12%.

Insider Activity at Waste Management

In other Waste Management news, VP Donald J. Smith sold 191 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.22, for a total value of $42,062.02. Following the completion of the sale, the vice president now directly owns 6,129 shares of the company’s stock, valued at $1,349,728.38. The trade was a 3.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rafael Carrasco sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $225.89, for a total transaction of $903,560.00. Following the transaction, the senior vice president now directly owns 18,531 shares in the company, valued at approximately $4,185,967.59. This trade represents a 17.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,055 shares of company stock worth $3,578,340 in the last quarter. 0.18% of the stock is owned by company insiders.

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.