Border to Coast Pensions Partnership Ltd Has $11.53 Million Stake in Waste Management, Inc. $WM

Border to Coast Pensions Partnership Ltd increased its position in Waste Management, Inc. (NYSE:WM) by 25.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,000 shares of the business services provider’s stock after buying an additional 10,000 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in Waste Management were worth $11,525,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Waste Management by 1.4% during the 4th 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. State Street Corp increased its position in Waste Management by 1.6% during the fourth quarter. State Street Corp now owns 17,390,748 shares of the business services provider’s stock worth $3,820,921,000 after buying an additional 281,456 shares during the last quarter. Geode Capital Management LLC raised its holdings in Waste Management by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 8,993,006 shares of the business services provider’s stock valued at $1,972,371,000 after buying an additional 117,476 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Waste Management by 5.1% in the third quarter. Ameriprise Financial Inc. now owns 5,668,221 shares of the business services provider’s stock worth $1,250,613,000 after buying an additional 277,250 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Waste Management during the 4th quarter worth about $1,022,916,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on WM shares. Robert W. Baird raised their price objective on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Wolfe Research assumed coverage on Waste Management in a research report on Friday, March 13th. They set a “peer perform” rating for the company. Royal Bank Of Canada increased their price target on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Wells Fargo & Company dropped their price target on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, TD Cowen boosted their price objective on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $255.30.

Waste Management Stock Performance

NYSE WM opened at $226.12 on Friday. The company’s fifty day moving average is $220.19 and its two-hundred day moving average is $224.89. The firm has a market capitalization of $90.80 billion, a price-to-earnings ratio of 32.72, a P/E/G ratio of 2.36 and a beta of 0.45. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $1.67 earnings per share. Equities research analysts forecast that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, June 5th. Waste Management’s dividend payout ratio is presently 54.70%.

About Waste Management

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.