Dynamic Technology Lab Private Ltd Has $1.24 Million Position in Waste Management, Inc. (NYSE:WM)

Dynamic Technology Lab Private Ltd lessened its holdings in shares of Waste Management, Inc. (NYSE:WMFree Report) by 48.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,944 shares of the business services provider’s stock after selling 6,628 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Waste Management were worth $1,243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Waste Management during the fourth quarter valued at approximately $784,486,000. abrdn plc grew its stake in shares of Waste Management by 315.7% in the 3rd quarter. abrdn plc now owns 1,457,393 shares of the business services provider’s stock valued at $222,165,000 after purchasing an additional 1,106,773 shares during the period. Mirova US LLC lifted its position in shares of Waste Management by 26,116.4% during the 4th quarter. Mirova US LLC now owns 913,904 shares of the business services provider’s stock worth $163,680,000 after buying an additional 910,418 shares during the period. Nordea Investment Management AB grew its holdings in shares of Waste Management by 16.9% in the 3rd quarter. Nordea Investment Management AB now owns 5,366,017 shares of the business services provider’s stock worth $827,815,000 after purchasing an additional 776,491 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp grew its position in Waste Management by 128.2% during the 3rd quarter. OMERS ADMINISTRATION Corp now owns 898,796 shares of the business services provider’s stock worth $137,012,000 after acquiring an additional 504,924 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Tara J. Hemmer sold 1,782 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $204.23, for a total transaction of $363,937.86. Following the completion of the sale, the senior vice president now owns 55,591 shares in the company, valued at $11,353,349.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Charles C. Boettcher sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total transaction of $523,750.00. Following the completion of the transaction, the executive vice president now directly owns 29,677 shares of the company’s stock, valued at approximately $6,217,331.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tara J. Hemmer sold 1,782 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $204.23, for a total value of $363,937.86. Following the completion of the transaction, the senior vice president now owns 55,591 shares in the company, valued at approximately $11,353,349.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,282 shares of company stock valued at $2,754,889. Corporate insiders own 0.18% of the company’s stock.

Waste Management Stock Down 0.9 %

WM stock opened at $208.52 on Tuesday. The company has a market cap of $83.63 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 2.73 and a beta of 0.72. Waste Management, Inc. has a fifty-two week low of $149.71 and a fifty-two week high of $214.54. The stock’s 50 day simple moving average is $209.60 and its 200 day simple moving average is $192.87. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WMGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The business had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter last year, the firm posted $1.31 EPS. Waste Management’s revenue was up 5.5% compared to the same quarter last year. On average, research analysts expect that Waste Management, Inc. will post 7.29 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. Waste Management’s dividend payout ratio (DPR) is currently 49.10%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WM shares. StockNews.com upgraded Waste Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. HSBC cut shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price target for the company. in a report on Thursday, February 15th. CIBC lifted their target price on Waste Management from $207.00 to $220.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. TD Cowen raised their price objective on Waste Management from $220.00 to $235.00 and gave the company a “buy” rating in a report on Monday, April 29th. Finally, UBS Group lowered shares of Waste Management from a “buy” rating to a “neutral” rating and upped their price target for the stock from $190.00 to $205.00 in a research report on Wednesday, February 14th. Ten investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average target price of $216.24.

Get Our Latest Stock Report on Waste Management

Waste Management Company Profile

(Free Report)

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

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