Waste Management, Inc. (NYSE:WM) Stock Position Reduced by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC lowered its holdings in shares of Waste Management, Inc. (NYSE:WM) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,556 shares of the business services provider’s stock after selling 147 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Waste Management were worth $2,532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Activest Wealth Management lifted its holdings in shares of Waste Management by 4,000.0% during the third quarter. Activest Wealth Management now owns 123 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 120 shares during the period. Global Wealth Strategies & Associates lifted its holdings in Waste Management by 892.9% in the fourth quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the period. General Partner Inc. acquired a new stake in shares of Waste Management during the fourth quarter worth $29,000. Fairway Wealth LLC grew its holdings in Waste Management by 62.9% during the second quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 66 shares during the period. Finally, Fairscale Capital LLC bought a new stake in shares of Waste Management in the 2nd quarter valued at $39,000. 80.40% of the stock is currently owned by institutional investors.

Waste Management Stock Performance

NYSE WM traded down $0.23 during trading hours on Monday, reaching $207.02. 683,621 shares of the company were exchanged, compared to its average volume of 1,643,916. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $83.09 billion, a P/E ratio of 31.65, a P/E/G ratio of 2.36 and a beta of 0.77. Waste Management, Inc. has a 1 year low of $180.17 and a 1 year high of $230.39. The business’s 50 day simple moving average is $214.76 and its 200-day simple moving average is $211.33.

Waste Management (NYSE:WM) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The business 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 revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 EPS. On average, equities research analysts expect that Waste Management, Inc. will post 7.32 earnings per share for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. Waste Management’s payout ratio is 45.87%.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 310 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now owns 3,875 shares in the company, valued at $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Waste Management from $243.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. BMO Capital Markets raised their price objective on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. William Blair began coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Oppenheimer lifted their target price on shares of Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada raised their price objective on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average target price of $230.72.

About Waste Management

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.