CHICAGO TRUST Co NA Raises Holdings in Waste Management, Inc. $WM

CHICAGO TRUST Co NA boosted its stake in Waste Management, Inc. (NYSE:WM) by 154.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,913 shares of the business services provider’s stock after buying an additional 4,806 shares during the period. CHICAGO TRUST Co NA’s holdings in Waste Management were worth $1,818,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in Waste Management by 51.1% during the 4th quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after acquiring an additional 2,320 shares in the last quarter. Sprott Inc. acquired a new position in Waste Management in the 1st quarter valued at about $325,000. Sei Investments Co. increased its stake in Waste Management by 8.0% during the second quarter. Sei Investments Co. now owns 272,438 shares of the business services provider’s stock worth $62,339,000 after purchasing an additional 20,122 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Waste Management by 68.2% during the second quarter. The Manufacturers Life Insurance Company now owns 366,416 shares of the business services provider’s stock worth $83,843,000 after purchasing an additional 148,590 shares in the last quarter. Finally, Glenview Trust co boosted its stake in shares of Waste Management by 5.1% in the second quarter. Glenview Trust co now owns 3,338 shares of the business services provider’s stock valued at $764,000 after purchasing an additional 162 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 0.6%

Shares of NYSE WM opened at $224.31 on Thursday. The business has a 50-day moving average price of $220.16 and a 200 day moving average price of $225.28. The stock has a market cap of $90.08 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 2.33 and a beta of 0.44. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. 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 quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. Waste Management’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts forecast that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WM. Weiss Ratings lowered shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Wells Fargo & Company cut their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Royal Bank Of Canada lifted their target price on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Wolfe Research began coverage on Waste Management in a research note on Friday, March 13th. They set a “peer perform” rating for the company. Finally, TD Cowen upped their price target on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $255.30.

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.