Robeco Institutional Asset Management B.V. Sells 7,417 Shares of Waste Management, Inc. (NYSE:WM)

Robeco Institutional Asset Management B.V. cut its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 5.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 125,196 shares of the business services provider's stock after selling 7,417 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Waste Management were worth $28,984,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Waste Management by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 37,300,278 shares of the business services provider's stock worth $7,526,823,000 after purchasing an additional 538,567 shares during the period. Geode Capital Management LLC grew its position in Waste Management by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,210,371 shares of the business services provider's stock worth $1,654,173,000 after buying an additional 64,260 shares in the last quarter. Parnassus Investments LLC grew its position in Waste Management by 22.5% during the fourth quarter. Parnassus Investments LLC now owns 6,272,009 shares of the business services provider's stock worth $1,265,629,000 after buying an additional 1,151,237 shares in the last quarter. Norges Bank acquired a new stake in Waste Management during the fourth quarter worth about $1,009,726,000. Finally, Ameriprise Financial Inc. grew its position in Waste Management by 5.8% during the fourth quarter. Ameriprise Financial Inc. now owns 4,076,447 shares of the business services provider's stock worth $822,588,000 after buying an additional 224,279 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WM shares. Robert W. Baird lifted their target price on Waste Management from $235.00 to $245.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Citigroup lifted their target price on Waste Management from $260.00 to $271.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $229.00 price objective on shares of Waste Management in a report on Thursday. JPMorgan Chase & Co. raised Waste Management from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $225.00 to $277.00 in a report on Friday, May 23rd. Finally, UBS Group lifted their price objective on Waste Management from $240.00 to $250.00 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $251.00.

Insider Buying and Selling

In other Waste Management news, SVP Rafael Carrasco sold 674 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $236.81, for a total transaction of $159,609.94. Following the completion of the sale, the senior vice president now owns 16,542 shares in the company, valued at approximately $3,917,311.02. The trade was a 3.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Devina A. Rankin sold 57,888 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $237.36, for a total transaction of $13,740,295.68. Following the sale, the chief financial officer now owns 83,934 shares of the company's stock, valued at $19,922,574.24. The trade was a 40.82% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Stock Up 0.6%

Shares of WM opened at $228.14 on Friday. The company has a market capitalization of $91.81 billion, a P/E ratio of 34.41, a PEG ratio of 3.00 and a beta of 0.66. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.83 and a quick ratio of 0.79. Waste Management, Inc. has a one year low of $196.59 and a one year high of $242.58. The business's 50 day simple moving average is $233.03 and its 200-day simple moving average is $224.38.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.08. Waste Management had a net margin of 11.67% and a return on equity of 35.67%. The firm had revenue of $6.02 billion during the quarter, compared to analysts' expectations of $6.14 billion. During the same quarter in the previous year, the company posted $1.75 EPS. Waste Management's revenue was up 16.7% on a year-over-year basis. As a group, sell-side analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.45%. The ex-dividend date was Friday, June 6th. Waste Management's dividend payout ratio (DPR) is presently 49.77%.

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.

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