Robecosam AG lifted its position in shares of Waste Management, Inc. (NYSE:WM) by 14.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 305,345 shares of the business services provider’s stock after buying an additional 39,168 shares during the period. Waste Management accounts for approximately 1.7% of Robecosam AG’s portfolio, making the stock its 12th largest holding. Robecosam AG owned approximately 0.07% of Waste Management worth $26,348,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in WM. APG Asset Management N.V. increased its position in shares of Waste Management by 74.7% in the fourth quarter. APG Asset Management N.V. now owns 4,222,539 shares of the business services provider’s stock worth $303,469,000 after acquiring an additional 1,805,408 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of Waste Management by 37.5% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,856,726 shares of the business services provider’s stock worth $246,536,000 after acquiring an additional 778,626 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Waste Management by 15.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,808,600 shares of the business services provider’s stock worth $328,682,000 after acquiring an additional 511,700 shares in the last quarter. Ardevora Asset Management LLP acquired a new stake in shares of Waste Management in the third quarter worth $35,425,000. Finally, JPMorgan Chase & Co. increased its position in shares of Waste Management by 145.9% in the third quarter. JPMorgan Chase & Co. now owns 740,279 shares of the business services provider’s stock worth $58,047,000 after acquiring an additional 439,252 shares in the last quarter. 76.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of Waste Management, Inc. (WM) opened at $87.21 on Monday. The firm has a market cap of $37,820.70, a price-to-earnings ratio of 27.08, a P/E/G ratio of 1.97 and a beta of 0.70. Waste Management, Inc. has a fifty-two week low of $70.08 and a fifty-two week high of $89.73. The company has a current ratio of 0.80, a quick ratio of 0.77 and a debt-to-equity ratio of 1.45.
Waste Management declared that its board has initiated a share buyback program on Thursday, December 14th that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a yield of 2.13%. This is an increase from Waste Management’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, March 8th. Waste Management’s dividend payout ratio is 42.18%.
In other news, Director Patrick W. Gross sold 387 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $88.30, for a total value of $34,172.10. Following the transaction, the director now directly owns 30,673 shares in the company, valued at approximately $2,708,425.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John J. Morris sold 18,254 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $84.83, for a total transaction of $1,548,486.82. Following the completion of the transaction, the vice president now owns 56,338 shares in the company, valued at $4,779,152.54. The disclosure for this sale can be found here. Insiders have sold a total of 106,291 shares of company stock worth $9,154,833 over the last quarter. 0.19% of the stock is currently owned by insiders.
Several equities research analysts have recently issued reports on WM shares. Zacks Investment Research raised shares of Waste Management from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Tuesday, December 26th. Stifel Nicolaus raised shares of Waste Management from a “hold” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $95.00 in a research report on Monday, December 11th. Macquarie raised shares of Waste Management from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 3rd. Raymond James Financial raised shares of Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 price objective for the company in a research report on Friday, February 16th. Finally, UBS Group raised shares of Waste Management from a “market perform” rating to an “outperform” rating in a report on Friday, February 16th. Ten investment analysts have rated the stock with a buy rating, Waste Management presently has a consensus rating of “Buy” and a consensus price target of $90.13.
Waste Management Profile
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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.