Robeco Institutional Asset Management B.V. Buys 8,789 Shares of Waste Management, Inc. $WM

Robeco Institutional Asset Management B.V. lifted its position in Waste Management, Inc. (NYSE:WM) by 9.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 101,545 shares of the business services provider’s stock after purchasing an additional 8,789 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Waste Management were worth $22,424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. McAdam LLC grew its holdings in Waste Management by 3.1% in the 1st quarter. McAdam LLC now owns 1,482 shares of the business services provider’s stock worth $343,000 after acquiring an additional 44 shares during the last quarter. Syntegra Private Wealth Group LLC boosted its holdings in shares of Waste Management by 2.0% during the second quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock worth $524,000 after purchasing an additional 44 shares during the period. Harbour Trust & Investment Management Co grew its stake in shares of Waste Management by 1.1% in the second quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock worth $943,000 after purchasing an additional 45 shares during the last quarter. KWB Wealth increased its holdings in Waste Management by 1.3% during the 2nd quarter. KWB Wealth now owns 3,607 shares of the business services provider’s stock valued at $835,000 after purchasing an additional 47 shares during the period. Finally, D.B. Root & Company LLC raised its position in Waste Management by 3.0% during the 2nd quarter. D.B. Root & Company LLC now owns 1,603 shares of the business services provider’s stock valued at $367,000 after purchasing an additional 47 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WM shares. Scotiabank cut their price objective on Waste Management from $264.00 to $254.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, October 29th. The Goldman Sachs Group initiated coverage on shares of Waste Management in a report on Monday, November 24th. They issued a “buy” rating and a $256.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Waste Management from $255.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. UBS Group dropped their target price on shares of Waste Management from $240.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Finally, Royal Bank Of Canada reduced their price target on shares of Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $249.18.

Insiders Place Their Bets

In other news, SVP Rafael Carrasco sold 1,380 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $217.06, for a total transaction of $299,542.80. Following the completion of the sale, the senior vice president directly owned 15,540 shares of the company’s stock, valued at approximately $3,373,112.40. The trade was a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

Waste Management Stock Up 0.9%

NYSE WM opened at $217.84 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 2.36. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $242.58. The firm has a market capitalization of $87.76 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 2.42 and a beta of 0.59. The company has a fifty day moving average of $213.42 and a two-hundred day moving average of $219.72.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The firm had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.51 billion. During the same period in the prior year, the firm posted $1.96 earnings per share. Waste Management’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management’s dividend payout ratio is 51.97%.

Waste Management 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.