Banco de Sabadell S.A Invests $877,000 in Waste Management, Inc. (WM)

Banco de Sabadell S.A acquired a new stake in Waste Management, Inc. (NYSE:WM) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,504 shares of the business services provider’s stock, valued at approximately $877,000.

Other large investors also recently bought and sold shares of the company. TLP Group LLC lifted its stake in shares of Waste Management by 2,274.7% during the 1st quarter. TLP Group LLC now owns 3,657 shares of the business services provider’s stock worth $308,000 after acquiring an additional 3,503 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of Waste Management by 102.9% during the 1st quarter. Verition Fund Management LLC now owns 21,908 shares of the business services provider’s stock worth $1,843,000 after acquiring an additional 11,109 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Waste Management by 21.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 52,977 shares of the business services provider’s stock worth $4,456,000 after acquiring an additional 9,320 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of Waste Management by 4.0% during the 1st quarter. Guggenheim Capital LLC now owns 803,776 shares of the business services provider’s stock worth $67,613,000 after acquiring an additional 30,692 shares during the last quarter. Finally, Mariner LLC lifted its stake in shares of Waste Management by 100.3% during the 1st quarter. Mariner LLC now owns 9,060 shares of the business services provider’s stock worth $762,000 after acquiring an additional 4,537 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Nikolaj H. Sjoqvist sold 307 shares of Waste Management stock in a transaction on Monday, April 9th. The stock was sold at an average price of $84.76, for a total value of $26,021.32. Following the transaction, the senior vice president now directly owns 18,756 shares in the company, valued at approximately $1,589,758.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Barry H. Caldwell sold 10,844 shares of Waste Management stock in a transaction on Friday, May 4th. The shares were sold at an average price of $84.00, for a total value of $910,896.00. Following the completion of the transaction, the senior vice president now owns 31,447 shares in the company, valued at $2,641,548. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

A number of equities research analysts recently issued reports on WM shares. BMO Capital Markets decreased their price target on Waste Management from $97.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, April 20th. Zacks Investment Research lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, April 13th. Finally, UBS Group started coverage on Waste Management in a research note on Wednesday, March 14th. They set a “neutral” rating and a $93.00 price target for the company. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $90.89.

Shares of Waste Management opened at $84.33 on Monday, according to MarketBeat.com. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.74 and a quick ratio of 0.71. The firm has a market cap of $36.37 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 1.73 and a beta of 0.70. Waste Management, Inc. has a twelve month low of $72.58 and a twelve month high of $89.73.

Waste Management (NYSE:WM) last issued its earnings results on Friday, April 20th. The business services provider reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.09. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.57 billion. Waste Management had a return on equity of 26.73% and a net margin of 14.06%. Waste Management’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS. research analysts expect that Waste Management, Inc. will post 4.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 8th will be given a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Thursday, June 7th. Waste Management’s dividend payout ratio (DPR) is presently 57.76%.

About Waste Management

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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

Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply