Waste Management, Inc. (NYSE:WM) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 19.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,126 shares of the business services provider's stock after acquiring an additional 15,041 shares during the period. Quantinno Capital Management LP's holdings in Waste Management were worth $18,792,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WM. Transce3nd LLC purchased a new position in shares of Waste Management in the fourth quarter valued at $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in Waste Management during the fourth quarter worth about $33,000. Hurley Capital LLC acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $34,000. Sugar Maple Asset Management LLC purchased a new position in shares of Waste Management during the 4th quarter worth approximately $35,000. Finally, Richardson Financial Services Inc. raised its position in shares of Waste Management by 65.7% during the 4th quarter. Richardson Financial Services Inc. now owns 174 shares of the business services provider's stock worth $35,000 after purchasing an additional 69 shares during the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Waste Management news, SVP Tara J. Hemmer sold 3,094 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $228.11, for a total value of $705,772.34. Following the completion of the sale, the senior vice president now directly owns 53,663 shares in the company, valued at $12,241,066.93. This represents a 5.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James C. Fish, Jr. sold 44,405 shares of Waste Management stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $228.43, for a total transaction of $10,143,434.15. Following the completion of the transaction, the chief executive officer now directly owns 211,061 shares in the company, valued at approximately $48,212,664.23. The trade was a 17.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,522 shares of company stock valued at $18,084,124 over the last ninety days. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WM. Oppenheimer boosted their price target on Waste Management from $231.00 to $237.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Morgan Stanley boosted their target price on shares of Waste Management from $227.00 to $235.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Scotiabank lifted their price target on shares of Waste Management from $255.00 to $260.00 and gave the stock a "sector outperform" rating in a report on Tuesday, April 8th. Royal Bank of Canada upped their price objective on shares of Waste Management from $227.00 to $229.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Finally, Hsbc Global Res upgraded Waste Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $243.29.

Waste Management Trading Down 1.4%

WM stock opened at $222.40 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. The firm has a market cap of $89.50 billion, a P/E ratio of 32.71, a P/E/G ratio of 2.71 and a beta of 0.67. Waste Management, Inc. has a 1-year low of $196.59 and a 1-year high of $239.32. The business's 50 day moving average is $228.37 and its 200-day moving average is $221.37.

Waste Management (NYSE:WM - Get Free Report) last posted its earnings results on Monday, April 28th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.08. Waste Management had a net margin of 12.45% and a return on equity of 37.93%. The company 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 earnings per share. Waste Management's quarterly revenue was up 16.7% compared to the same quarter last year. Equities 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 will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, June 6th. This represents a $3.30 dividend on an annualized basis and a yield of 1.48%. Waste Management's payout ratio 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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