Partners Group Holding AG Buys 24,862 Shares of Waste Management, Inc. $WM

Partners Group Holding AG increased its stake in Waste Management, Inc. (NYSE:WM) by 16.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 175,468 shares of the business services provider’s stock after purchasing an additional 24,862 shares during the period. Waste Management makes up 2.6% of Partners Group Holding AG’s holdings, making the stock its 15th biggest holding. Partners Group Holding AG’s holdings in Waste Management were worth $38,552,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Elevated Capital Advisors LLC bought a new position in shares of Waste Management in the fourth quarter worth $25,000. Cornerstone Planning Group LLC increased its position in shares of Waste Management by 101.5% in the third quarter. Cornerstone Planning Group LLC now owns 133 shares of the business services provider’s stock worth $29,000 after purchasing an additional 67 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Waste Management during the 3rd quarter worth $30,000. Kelleher Financial Advisors bought a new stake in shares of Waste Management during the 4th quarter worth $31,000. Finally, Holos Integrated Wealth LLC acquired a new stake in Waste Management in the fourth quarter valued at about $40,000. Institutional investors own 80.40% of the company’s stock.

Insider Transactions at Waste Management

In other Waste Management news, SVP Tara J. Hemmer sold 4,818 shares of Waste Management stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $241.83, for a total value of $1,165,136.94. Following the completion of the sale, the senior vice president owned 78,918 shares of the company’s stock, valued at approximately $19,084,739.94. This trade represents a 5.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John J. Morris sold 7,979 shares of Waste Management stock in a transaction on Friday, March 6th. The stock was sold at an average price of $245.07, for a total value of $1,955,413.53. Following the completion of the sale, the chief operating officer directly owned 98,656 shares of the company’s stock, valued at $24,177,625.92. The trade was a 7.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 35,296 shares of company stock worth $8,569,283. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WM. Barclays lifted their target price on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wells Fargo & Company decreased their target price 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. Robert W. Baird lifted their target price on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Stifel Nicolaus lifted their price target on Waste Management from $236.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Oppenheimer lifted their price target on Waste Management from $263.00 to $264.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $255.67.

Waste Management Stock Performance

NYSE:WM opened at $222.10 on Wednesday. The business’s 50-day moving average price is $228.26 and its two-hundred day moving average price is $223.29. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The stock has a market cap of $89.19 billion, a P/E ratio of 32.14, a PEG ratio of 2.33 and a beta of 0.49. 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 (NYSE:WM) last announced its quarterly earnings data 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 return on equity of 31.90% and a net margin of 10.99%.The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the company earned $1.67 EPS. The company’s revenue was up 3.5% on a year-over-year basis. As a group, equities analysts predict that Waste Management, Inc. will post 8.15 EPS for the current fiscal year.

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be 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 is Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is presently 54.70%.

Waste Management Company 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.