Dynamic Technology Lab Private Ltd Takes $2.76 Million Position in Waste Management, Inc. (NYSE:WM)

Dynamic Technology Lab Private Ltd acquired a new stake in Waste Management, Inc. (NYSE:WM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,670 shares of the business services provider's stock, valued at approximately $2,759,000. Waste Management accounts for about 0.4% of Dynamic Technology Lab Private Ltd's holdings, making the stock its 13th biggest position.

Other hedge funds have also recently modified their holdings of the company. Royal London Asset Management Ltd. grew its stake in Waste Management by 8.8% in 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 period. Two Sigma Advisers LP raised its position in shares of Waste Management by 76.9% during the 3rd quarter. Two Sigma Advisers LP now owns 245,500 shares of the business services provider's stock worth $50,966,000 after purchasing an additional 106,700 shares during the last quarter. Weaver Consulting Group lifted its stake in Waste Management by 29.3% in the 3rd quarter. Weaver Consulting Group now owns 1,323 shares of the business services provider's stock valued at $275,000 after buying an additional 300 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in Waste Management by 98.8% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 57,553 shares of the business services provider's stock worth $10,872,000 after buying an additional 28,596 shares in the last quarter. Finally, Insigneo Advisory Services LLC lifted its position in shares of Waste Management by 6.8% in the third quarter. Insigneo Advisory Services LLC now owns 3,591 shares of the business services provider's stock valued at $745,000 after acquiring an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts recently commented on WM shares. CIBC boosted their price target on Waste Management from $227.00 to $247.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. Scotiabank increased their target price on shares of Waste Management from $255.00 to $260.00 and gave the company a "sector outperform" rating in a research report on Tuesday. Citigroup raised their target price on shares of Waste Management from $242.00 to $255.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. StockNews.com lowered Waste Management from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, William Blair reiterated an "outperform" rating on shares of Waste Management in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $236.94.

Insiders Place Their Bets

In other news, SVP Johnson Varkey sold 560 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.11, for a total transaction of $123,261.60. Following the completion of the transaction, the senior vice president now directly owns 9,152 shares of the company's stock, valued at approximately $2,014,446.72. The trade was a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John J. Morris sold 19,153 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $224.71, for a total transaction of $4,303,870.63. Following the completion of the sale, the executive vice president now directly owns 85,257 shares in the company, valued at approximately $19,158,100.47. This trade represents a 18.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,577 shares of company stock worth $21,662,464 over the last 90 days. Corporate insiders own 0.18% of the company's stock.

Waste Management Trading Down 0.1 %

NYSE:WM traded down $0.29 during trading hours on Thursday, reaching $224.13. 880,164 shares of the stock were exchanged, compared to its average volume of 1,631,783. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $239.32. The business has a 50-day moving average of $227.14 and a two-hundred day moving average of $217.91. The company has a market capitalization of $90.18 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 2.71 and a beta of 0.66. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73.

Waste Management (NYSE:WM - Get Free Report) last released its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. On average, equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.47%. The ex-dividend date was Friday, March 14th. This is a boost from Waste Management's previous quarterly dividend of $0.75. Waste Management's dividend payout ratio (DPR) is currently 48.53%.

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.