Mirova US LLC Has $322.86 Million Position in Waste Management, Inc. $WM

Mirova US LLC lessened its holdings in Waste Management, Inc. (NYSE:WM) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,462,037 shares of the business services provider’s stock after selling 55,752 shares during the period. Waste Management comprises approximately 3.3% of Mirova US LLC’s portfolio, making the stock its 11th biggest position. Mirova US LLC owned about 0.36% of Waste Management worth $322,862,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. McAdam LLC boosted its position in Waste Management by 3.1% during the first quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock valued at $343,000 after purchasing an additional 44 shares during the last quarter. Syntegra Private Wealth Group LLC boosted its stake in shares of Waste Management by 2.0% during the 2nd quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock worth $524,000 after acquiring an additional 44 shares in the last quarter. Harbour Trust & Investment Management Co increased its holdings in shares of Waste Management by 1.1% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock valued at $943,000 after acquiring an additional 45 shares during the last quarter. KWB Wealth grew its holdings in Waste Management by 1.3% during the second quarter. KWB Wealth now owns 3,607 shares of the business services provider’s stock valued at $835,000 after purchasing an additional 47 shares during the last quarter. Finally, D.B. Root & Company LLC lifted its stake in shares of Waste Management by 3.0% in the second quarter. D.B. Root & Company LLC now owns 1,603 shares of the business services provider’s stock worth $367,000 after buying an additional 47 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Cowen reiterated a “buy” rating on shares of Waste Management in a report on Wednesday, October 29th. Stifel Nicolaus cut their price objective on shares of Waste Management from $252.00 to $236.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Royal Bank Of Canada lowered their price objective on Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. Baird R W upgraded shares of Waste Management from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Robert W. Baird upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $238.00 to $242.00 in a research report on Tuesday, November 4th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $248.95.

Insider Activity at Waste Management

In other news, SVP Rafael Carrasco sold 1,380 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the transaction, the senior vice president owned 15,540 shares in the company, valued at $3,373,112.40. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

Waste Management Stock Up 0.6%

Waste Management stock opened at $222.41 on Tuesday. The company has a fifty day simple moving average of $211.92 and a 200 day simple moving average of $220.35. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $242.58. The company has a market cap of $89.60 billion, a P/E ratio of 35.02, a price-to-earnings-growth ratio of 2.73 and a beta of 0.58. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 2.36.

Waste Management (NYSE:WM) last posted its earnings results on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same period in the prior year, the business posted $1.96 EPS. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. Research analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, December 5th. Waste Management’s payout ratio is presently 51.97%.

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.