New Age Alpha Advisors LLC Purchases 2,369 Shares of Waste Management, Inc. $WM

New Age Alpha Advisors LLC boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 1,043.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,596 shares of the business services provider’s stock after acquiring an additional 2,369 shares during the period. New Age Alpha Advisors LLC’s holdings in Waste Management were worth $570,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Waste Management by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock valued at $8,566,508,000 after purchasing an additional 553,605 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Waste Management by 5.1% during the third quarter. Ameriprise Financial Inc. now owns 5,668,221 shares of the business services provider’s stock valued at $1,250,613,000 after purchasing an additional 277,250 shares in the last quarter. Northern Trust Corp boosted its holdings in Waste Management by 0.3% during the third quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock valued at $873,276,000 after purchasing an additional 11,688 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Waste Management by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 3,530,900 shares of the business services provider’s stock valued at $781,494,000 after purchasing an additional 236,439 shares in the last quarter. Finally, Sustainable Growth Advisers LP boosted its holdings in Waste Management by 12.6% during the third quarter. Sustainable Growth Advisers LP now owns 3,262,148 shares of the business services provider’s stock valued at $720,380,000 after purchasing an additional 364,512 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Down 0.6%

NYSE:WM opened at $214.23 on Friday. The stock’s fifty day moving average price is $225.27 and its two-hundred day moving average price is $224.13. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market cap of $86.03 billion, a price-to-earnings ratio of 31.00, a P/E/G ratio of 2.25 and a beta of 0.49.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. Waste Management had a return on equity of 31.90% and a net margin of 10.99%.The firm had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the business earned $1.67 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts anticipate that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be given a dividend of $0.945 per share. The ex-dividend date is Friday, June 5th. This represents a $3.78 dividend on an annualized basis and a yield of 1.8%. Waste Management’s dividend payout ratio is presently 54.70%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lifted their price objective on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. TD Cowen upped their target price on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Barclays upped their target price on shares of Waste Management from $266.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Weiss Ratings raised Waste Management from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.67.

Insider Buying and Selling at Waste Management

In other news, VP Michael J. Watson sold 17,251 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $241.81, for a total value of $4,171,464.31. Following the transaction, the vice president owned 44,146 shares of the company’s stock, valued at $10,674,944.26. This represents a 28.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO John J. Morris sold 7,979 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $245.07, for a total value of $1,955,413.53. Following the completion of the transaction, the chief operating officer directly owned 98,656 shares in the company, valued at approximately $24,177,625.92. This trade represents a 7.48% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 35,222 shares of company stock valued at $8,552,294. 0.18% of the stock is currently owned by company insiders.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.