Susquehanna Fundamental Investments LLC Has $72.18 Million Stake in Waste Management, Inc. $WM

Susquehanna Fundamental Investments LLC boosted its stake in shares of Waste Management, Inc. (NYSE:WM) by 150.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 323,863 shares of the business services provider’s stock after buying an additional 194,591 shares during the period. Waste Management comprises 1.4% of Susquehanna Fundamental Investments LLC’s holdings, making the stock its 5th biggest position. Susquehanna Fundamental Investments LLC’s holdings in Waste Management were worth $72,183,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. grew its position in shares of Waste Management by 1.8% during the second quarter. BlackRock Inc. now owns 30,733,944 shares of the business services provider’s stock valued at $6,849,981,000 after purchasing an additional 535,079 shares in the last quarter. State Street Corp boosted its stake 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 valued at $3,820,921,000 after buying an additional 281,456 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 during the last quarter. Norges Bank bought a new stake in Waste Management in the 4th quarter worth approximately $1,022,916,000. Finally, Northern Trust Corp raised its holdings in shares of Waste Management by 0.3% during the 3rd quarter. Northern Trust Corp now owns 3,954,519 shares of the business services provider’s stock worth $873,276,000 after acquiring an additional 11,688 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 0.1%

NYSE WM opened at $219.88 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The firm has a market capitalization of $87.89 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 2.77 and a beta of 0.44. The company has a fifty day moving average of $228.60 and a two-hundred day moving average of $227.59.

Waste Management (NYSE:WM) last announced its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.04. The business had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.92 earnings per share. On average, analysts predict that Waste Management, Inc. will post 8.13 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.945 dividend. This represents a $3.78 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, September 11th. Waste Management’s dividend payout ratio is presently 53.54%.

Analyst Ratings Changes

WM has been the subject of a number of recent research reports. Citigroup raised their target price on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Stifel Nicolaus increased their price objective on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. UBS Group boosted their target price on shares of Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Barclays upped their target price on shares of Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings lowered Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.89.

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.