Public Employees Retirement System of Ohio Has $47.90 Million Position in Waste Management, Inc. (WM)

Public Employees Retirement System of Ohio boosted its holdings in Waste Management, Inc. (NYSE:WM) by 71.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 555,022 shares of the business services provider’s stock after acquiring an additional 231,930 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Waste Management were worth $47,898,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in Waste Management by 1.4% during the 3rd quarter. Wells Fargo & Company MN now owns 7,277,527 shares of the business services provider’s stock valued at $569,612,000 after purchasing an additional 103,234 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Waste Management by 8.5% during the 3rd quarter. Janus Henderson Group PLC now owns 4,684,275 shares of the business services provider’s stock valued at $366,641,000 after purchasing an additional 366,450 shares in the last quarter. APG Asset Management N.V. boosted its stake in Waste Management by 74.7% during the 4th quarter. APG Asset Management N.V. now owns 4,222,539 shares of the business services provider’s stock valued at $303,469,000 after purchasing an additional 1,805,408 shares in the last quarter. Swiss National Bank boosted its stake in Waste Management by 1.2% during the 4th quarter. Swiss National Bank now owns 2,466,803 shares of the business services provider’s stock valued at $212,885,000 after purchasing an additional 28,100 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Waste Management by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 2,399,990 shares of the business services provider’s stock valued at $187,855,000 after purchasing an additional 64,680 shares in the last quarter. Hedge funds and other institutional investors own 75.33% of the company’s stock.

WM has been the subject of a number of research reports. KeyCorp reaffirmed a “buy” rating and set a $88.00 price target on shares of Waste Management in a research note on Friday, October 27th. Zacks Investment Research raised Waste Management from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. BMO Capital Markets increased their price target on Waste Management from $82.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Oppenheimer increased their price target on Waste Management from $82.00 to $87.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Finally, Credit Suisse Group set a $90.00 price objective on Waste Management and gave the stock a “buy” rating in a research note on Monday, October 30th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $86.00.

Shares of Waste Management, Inc. (NYSE:WM) opened at $80.79 on Wednesday. The firm has a market capitalization of $34,984.80, a price-to-earnings ratio of 25.82, a PEG ratio of 2.26 and a beta of 0.70. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.68 and a current ratio of 0.71. Waste Management, Inc. has a one year low of $69.55 and a one year high of $89.73.

Waste Management announced that its Board of Directors has approved a stock buyback program on Thursday, December 14th that allows the company to repurchase $1.25 billion in shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, SVP Barry H. Caldwell sold 1,650 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total transaction of $133,815.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick W. Gross sold 387 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $88.30, for a total value of $34,172.10. Following the completion of the sale, the director now directly owns 30,673 shares of the company’s stock, valued at approximately $2,708,425.90. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

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About Waste Management

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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