Sapient Capital LLC Acquires 877 Shares of Waste Management, Inc. (NYSE:WM)

Sapient Capital LLC grew its holdings in Waste Management, Inc. (NYSE:WM) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,217 shares of the business services provider’s stock after purchasing an additional 877 shares during the quarter. Sapient Capital LLC’s holdings in Waste Management were worth $19,012,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in WM. Pineridge Advisors LLC bought a new stake in Waste Management during the 4th quarter worth about $35,000. Arlington Trust Co LLC grew its stake in shares of Waste Management by 25.5% during the fourth quarter. Arlington Trust Co LLC now owns 2,038 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 414 shares during the last quarter. Quilter Plc increased its holdings in shares of Waste Management by 0.6% in the fourth quarter. Quilter Plc now owns 102,904 shares of the business services provider’s stock valued at $20,765,000 after purchasing an additional 631 shares in the last quarter. Elevation Wealth Partners LLC raised its position in Waste Management by 12.4% in the 4th quarter. Elevation Wealth Partners LLC now owns 562 shares of the business services provider’s stock worth $113,000 after purchasing an additional 62 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in Waste Management during the 4th quarter worth $97,000. Institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WM shares. UBS Group boosted their target price on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on shares of Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Jefferies Financial Group dropped their price target on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Truist Financial raised their price objective on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Raymond James increased their price target on Waste Management from $235.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $234.50.

Insider Buying and Selling at Waste Management

In other Waste Management news, SVP Rafael Carrasco sold 4,000 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $225.89, for a total transaction of $903,560.00. Following the sale, the senior vice president now directly owns 18,531 shares of the company’s stock, valued at $4,185,967.59. The trade was a 17.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Johnson Varkey sold 560 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.11, for a total value of $123,261.60. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,055 shares of company stock worth $3,578,340. Corporate insiders own 0.18% of the company’s stock.

Waste Management Price Performance

NYSE WM opened at $225.95 on Tuesday. 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, Inc. has a 52-week low of $187.48 and a 52-week high of $230.39. The business has a 50 day simple moving average of $211.84 and a 200 day simple moving average of $211.35. The stock has a market cap of $90.69 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 2.70 and a beta of 0.78.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 38.88% and a net margin of 12.45%. Analysts anticipate that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend 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 presently 44.12%.

Waste Management 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.