Trium Capital LLP Trims Position in Waste Management, Inc. (NYSE:WM)

Trium Capital LLP lowered its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 12.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,022 shares of the business services provider's stock after selling 1,162 shares during the quarter. Waste Management accounts for 0.2% of Trium Capital LLP's portfolio, making the stock its 17th biggest position. Trium Capital LLP's holdings in Waste Management were worth $1,857,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Westend Capital Management LLC boosted its holdings in shares of Waste Management by 126.9% in the first quarter. Westend Capital Management LLC now owns 118 shares of the business services provider's stock worth $27,000 after buying an additional 66 shares during the last quarter. West Branch Capital LLC raised its holdings in shares of Waste Management by 69.0% in the first quarter. West Branch Capital LLC now owns 120 shares of the business services provider's stock valued at $28,000 after acquiring an additional 49 shares in the last quarter. Transce3nd LLC bought a new position in Waste Management in the fourth quarter worth about $28,000. Hurley Capital LLC purchased a new stake in shares of Waste Management during the fourth quarter worth about $34,000. Finally, Fairway Wealth LLC boosted its position in Waste Management by 87.6% in the fourth quarter. Fairway Wealth LLC now owns 197 shares of the business services provider's stock valued at $40,000 after buying an additional 92 shares during the last quarter. Institutional investors own 80.40% of the company's stock.

Insider Activity

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

Waste Management Price Performance

Waste Management stock opened at $224.82 on Wednesday. Waste Management, Inc. has a one year low of $196.59 and a one year high of $242.58. The business has a fifty day moving average price of $232.75 and a 200-day moving average price of $225.29. The company has a debt-to-equity ratio of 2.65, a current ratio of 0.83 and a quick ratio of 0.79. The firm has a market capitalization of $90.47 billion, a P/E ratio of 33.91, a PEG ratio of 3.00 and a beta of 0.64.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.08. The business had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $6.14 billion. Waste Management had a return on equity of 35.67% and a net margin of 11.67%. The company's revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $1.75 earnings per share. As a group, equities research analysts forecast 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, June 20th. Shareholders of record on Friday, June 6th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a yield of 1.47%. Waste Management's payout ratio is presently 49.77%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group raised their target price on Waste Management from $240.00 to $250.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Seaport Res Ptn raised Waste Management to a "hold" rating in a report on Tuesday, May 6th. CIBC upped their price target on shares of Waste Management from $244.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. HSBC upgraded Waste Management from a "hold" rating to a "buy" rating and boosted their price target for the company from $210.00 to $265.00 in a report on Friday, April 25th. Finally, Citigroup boosted their price target on Waste Management from $260.00 to $271.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Waste Management has an average rating of "Moderate Buy" and an average price target of $251.00.

Waste Management Company 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.

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