Generate Investment Management Ltd Purchases 11,237 Shares of Waste Management, Inc. (NYSE:WM)

Generate Investment Management Ltd lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 19.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,751 shares of the business services provider’s stock after buying an additional 11,237 shares during the quarter. Generate Investment Management Ltd’s holdings in Waste Management were worth $13,671,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Aberdeen Wealth Management LLC boosted its position in shares of Waste Management by 1.1% during the third quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock worth $857,000 after acquiring an additional 45 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its stake in Waste Management by 3.9% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock worth $257,000 after acquiring an additional 46 shares during the last quarter. Benchmark Financial Wealth Advisors LLC raised its holdings in shares of Waste Management by 1.9% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after acquiring an additional 49 shares in the last quarter. Balboa Wealth Partners grew its holdings in shares of Waste Management by 4.1% in the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock valued at $256,000 after purchasing an additional 49 shares in the last quarter. Finally, CRA Financial Services LLC increased its position in Waste Management by 4.7% in the third quarter. CRA Financial Services LLC now owns 1,116 shares of the business services provider’s stock worth $232,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Johnson Varkey sold 560 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.11, for a total transaction of $123,261.60. Following the completion of the sale, the senior vice president now owns 9,152 shares of the company’s stock, valued at $2,014,446.72. The trade was a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Devina A. Rankin sold 5,826 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total value of $1,294,071.12. Following the completion of the transaction, the chief financial officer now owns 69,442 shares in the company, valued at approximately $15,424,457.04. This trade represents a 7.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,055 shares of company stock worth $2,674,780. Corporate insiders own 0.18% of the company’s stock.

Waste Management Price Performance

Shares of WM opened at $224.77 on Friday. Waste Management, Inc. has a fifty-two week low of $187.48 and a fifty-two week high of $230.39. The company has a 50 day moving average price of $211.90 and a 200-day moving average price of $211.43. The stock has a market capitalization of $90.22 billion, a PE ratio of 33.06, a PEG ratio of 2.57 and a beta of 0.78. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 38.88%. Equities analysts predict that Waste Management, Inc. will post 7.92 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. Waste Management’s payout ratio is 44.12%.

Wall Street Analysts Forecast Growth

WM has been the subject of several recent research reports. Truist Financial lifted their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer raised their price target on Waste Management from $231.00 to $237.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Royal Bank of Canada lifted their price target on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. BMO Capital Markets upped their target price on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, Citigroup raised their price target on Waste Management from $242.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $234.50.

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.