Robeco Institutional Asset Management B.V. reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,837,865 shares of the business services provider’s stock after selling 14,449 shares during the period. Waste Management makes up approximately 0.7% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 25th biggest position. Robeco Institutional Asset Management B.V. owned 0.43% of Waste Management worth $166,068,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Harvest Fund Management Co. Ltd increased its holdings in shares of Waste Management by 265.7% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,304 shares of the business services provider’s stock worth $208,000 after buying an additional 1,674 shares in the last quarter. Perpetual Ltd acquired a new position in shares of Waste Management during the third quarter worth $208,000. Parsec Financial Management Inc. acquired a new position in shares of Waste Management during the third quarter worth $243,000. Hall Laurie J Trustee increased its holdings in shares of Waste Management by 3.0% during the third quarter. Hall Laurie J Trustee now owns 20,055 shares of the business services provider’s stock worth $1,812,000 after buying an additional 575 shares in the last quarter. Finally, TCW Group Inc. increased its holdings in shares of Waste Management by 4.1% during the third quarter. TCW Group Inc. now owns 15,920 shares of the business services provider’s stock worth $1,439,000 after buying an additional 620 shares in the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.
Shares of Waste Management stock opened at $90.46 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.84 and a debt-to-equity ratio of 1.53. Waste Management, Inc. has a twelve month low of $78.33 and a twelve month high of $92.85. The firm has a market capitalization of $37.45 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 1.78 and a beta of 0.64.
Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. Waste Management had a net margin of 15.60% and a return on equity of 27.93%. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. As a group, sell-side analysts predict that Waste Management, Inc. will post 4.13 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Thursday, September 20th. BMO Capital Markets upped their price target on shares of Waste Management to $98.00 and gave the stock an “overweight” rating in a report on Monday, October 8th. They noted that the move was a valuation call. Raymond James reissued a “buy” rating on shares of Waste Management in a research note on Monday, October 29th. Finally, Oppenheimer reissued a “buy” rating and issued a $95.00 price objective on shares of Waste Management in a research note on Thursday, October 25th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $95.50.
In related news, VP Jeff M. Harris sold 24,500 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $90.00, for a total value of $2,205,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.30% of the company’s stock.
Waste Management Profile
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.
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