Quantinno Capital Management LP Has $16.21 Million Holdings in Waste Management, Inc. (NYSE:WM)

Quantinno Capital Management LP boosted its position in shares of Waste Management, Inc. (NYSE:WM) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 78,085 shares of the business services provider’s stock after buying an additional 3,612 shares during the quarter. Quantinno Capital Management LP’s holdings in Waste Management were worth $16,211,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WM. Royal London Asset Management Ltd. raised its position in shares of Waste Management by 8.8% during the 3rd quarter. Royal London Asset Management Ltd. now owns 177,523 shares of the business services provider’s stock valued at $36,854,000 after acquiring an additional 14,343 shares during the last quarter. Prana Capital Management LP bought a new position in Waste Management during the 3rd quarter worth about $14,169,000. Millburn Ridgefield Corp increased its holdings in Waste Management by 741.3% during the 3rd quarter. Millburn Ridgefield Corp now owns 1,649 shares of the business services provider’s stock worth $342,000 after purchasing an additional 1,453 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in Waste Management by 5.6% during the 3rd quarter. Motley Fool Asset Management LLC now owns 18,365 shares of the business services provider’s stock worth $3,819,000 after purchasing an additional 977 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its stake in shares of Waste Management by 9.7% during the 3rd quarter. IHT Wealth Management LLC now owns 9,661 shares of the business services provider’s stock worth $2,006,000 after buying an additional 857 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Up 0.1 %

NYSE:WM opened at $225.31 on Thursday. The company has a 50-day moving average price of $216.23 and a 200-day moving average price of $211.00. Waste Management, Inc. has a 12 month low of $171.15 and a 12 month high of $230.39. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00. The stock has a market cap of $90.43 billion, a price-to-earnings ratio of 34.45, a P/E/G ratio of 2.37 and a beta of 0.75.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.07. The company had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. Waste Management’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $1.63 EPS. Equities analysts predict that Waste Management, Inc. will post 7.31 EPS for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. Waste Management’s dividend payout ratio is presently 45.87%.

Insider Transactions at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Truist Financial increased their price target on shares of Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Scotiabank began coverage on shares of Waste Management in a report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. Argus raised their target price on shares of Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Oppenheimer lifted their price objective on shares of Waste Management from $230.00 to $231.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $228.94.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.