Twin Capital Management Inc. Has $781,000 Stock Position in Waste Management, Inc. (NYSE:WM)

Twin Capital Management Inc. boosted its position in Waste Management, Inc. (NYSE:WM) by 17.5% in the 4th quarter, HoldingsChannel reports. The firm owned 4,363 shares of the business services provider’s stock after acquiring an additional 651 shares during the period. Twin Capital Management Inc.’s holdings in Waste Management were worth $781,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of WM. Strategic Investment Solutions Inc. IL bought a new position in Waste Management in the 1st quarter valued at about $29,000. Gilfoyle & Co LLC bought a new position in Waste Management in the 4th quarter valued at about $30,000. A.P. Gilfoyle & Co. L.P. bought a new position in Waste Management in the 4th quarter valued at about $30,000. KB Financial Partners LLC bought a new position in Waste Management in the first quarter valued at approximately $33,000. Finally, State of Wyoming bought a new position in Waste Management in the fourth quarter valued at approximately $34,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Waste Management

In related news, EVP Charles C. Boettcher sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total value of $523,750.00. Following the transaction, the executive vice president now owns 29,677 shares in the company, valued at $6,217,331.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of Waste Management stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total value of $523,750.00. Following the completion of the sale, the executive vice president now directly owns 29,677 shares of the company’s stock, valued at $6,217,331.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Christopher P. Desantis sold 346 shares of Waste Management stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $199.64, for a total transaction of $69,075.44. Following the completion of the sale, the senior vice president now directly owns 8,218 shares of the company’s stock, valued at $1,640,641.52. The disclosure for this sale can be found here. Insiders have sold a total of 18,007 shares of company stock worth $3,696,520 over the last quarter. Company insiders own 0.18% of the company’s stock.

Waste Management Price Performance

Shares of NYSE:WM opened at $207.12 on Friday. The firm has a market cap of $83.12 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 3.11 and a beta of 0.72. The firm’s fifty day moving average is $207.30 and its 200-day moving average is $184.96. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.86 and a current ratio of 0.90. Waste Management, Inc. has a 52 week low of $149.71 and a 52 week high of $214.54.

Waste Management (NYSE:WM) last released its earnings results on Monday, February 12th. The business services provider reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.21. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.19 billion. Waste Management had a net margin of 11.28% and a return on equity of 36.51%. During the same quarter in the previous year, the business earned $1.30 earnings per share. Sell-side analysts predict that Waste Management, Inc. will post 6.88 earnings per share for the current year.

Waste Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.75 dividend. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, March 14th. This represents a $3.00 annualized dividend and a yield of 1.45%. Waste Management’s payout ratio is presently 53.00%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WM. Jefferies Financial Group lifted their price objective on shares of Waste Management from $230.00 to $256.00 and gave the company a “buy” rating in a research note on Monday, March 18th. StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. Royal Bank of Canada assumed coverage on shares of Waste Management in a research report on Monday, April 8th. They issued a “sector perform” rating and a $211.00 target price on the stock. UBS Group lowered shares of Waste Management from a “buy” rating to a “neutral” rating and raised their target price for the company from $190.00 to $205.00 in a research report on Wednesday, February 14th. Finally, Truist Financial raised their target price on shares of Waste Management from $215.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $204.85.

Waste Management Profile

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.