Robeco Schweiz AG Sells 49,837 Shares of Waste Management, Inc. $WM

Robeco Schweiz AG cut its holdings in Waste Management, Inc. (NYSE:WM) by 22.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,568 shares of the business services provider’s stock after selling 49,837 shares during the quarter. Robeco Schweiz AG’s holdings in Waste Management were worth $34,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Main Street Group LTD bought a new position in Waste Management during the 1st quarter valued at approximately $31,000. Cape Investment Advisory Inc. bought a new stake in shares of Waste Management in the 2nd quarter worth approximately $36,000. Markowski Investments bought a new stake in shares of Waste Management in the 2nd quarter worth approximately $38,000. Bogart Wealth LLC increased its stake in shares of Waste Management by 93.5% during the first quarter. Bogart Wealth LLC now owns 180 shares of the business services provider’s stock valued at $41,000 after buying an additional 87 shares during the period. Finally, Bayforest Capital Ltd bought a new position in shares of Waste Management during the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Insider Activity

In related news, CAO John Carroll sold 1,365 shares of Waste Management stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $219.90, for a total transaction of $300,163.50. Following the completion of the transaction, the chief accounting officer directly owned 3,509 shares of the company’s stock, valued at $771,629.10. This trade represents a 28.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group raised their price target on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. reduced their price objective on shares of Waste Management from $270.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. Oppenheimer decreased their price objective on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a report on Wednesday, July 8th. Royal Bank Of Canada upped their price objective on shares of Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Finally, Morgan Stanley dropped their target price on shares of Waste Management from $230.00 to $220.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 13th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.06.

Waste Management Price Performance

Shares of WM stock opened at $239.47 on Friday. The business’s fifty day moving average is $216.88 and its 200 day moving average is $222.33. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. The stock has a market cap of $95.72 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 3.06 and a beta of 0.42. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%. The business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the firm posted $1.92 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Research analysts expect that Waste Management, Inc. will post 8.09 EPS for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a $0.9450 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 11th. Waste Management’s dividend payout ratio (DPR) is presently 53.54%.

Waste Management Company Profile

Waste Management, Inc, doing business as WM (NYSE:WM), is an environmental services company that provides waste collection, transportation, disposal, recycling and resource-recovery services. The company serves residential, commercial, industrial and municipal customers through a network of collection operations, transfer stations, landfills, recycling facilities and other environmental infrastructure.

WM’s services include curbside and commercial waste collection, construction and demolition debris management, recycling, organics processing and landfill disposal.