Aigen Investment Management LP Has $618,000 Stock Holdings in Waste Management, Inc. (NYSE:WM)

Aigen Investment Management LP reduced its position in Waste Management, Inc. (NYSE:WM - Free Report) by 45.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,063 shares of the business services provider's stock after selling 2,577 shares during the period. Aigen Investment Management LP's holdings in Waste Management were worth $618,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Activest Wealth Management raised its holdings in 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 buying an additional 120 shares in the last quarter. Global Wealth Strategies & Associates raised its stake in shares of Waste Management by 892.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 139 shares of the business services provider's stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. General Partner Inc. acquired a new stake in Waste Management in the 4th quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in Waste Management during the fourth quarter valued at approximately $33,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of Waste Management in the fourth quarter valued at approximately $35,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Price Performance

WM stock traded up $3.55 during trading on Friday, hitting $229.51. The company had a trading volume of 1,906,115 shares, compared to its average volume of 1,524,248. The company has a fifty day moving average price of $218.22 and a two-hundred day moving average price of $214.73. Waste Management, Inc. has a fifty-two week low of $196.59 and a fifty-two week high of $235.81. The company has a market cap of $92.29 billion, a P/E ratio of 33.75, a P/E/G ratio of 2.71 and a beta of 0.75. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73.

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

Waste Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Waste Management's previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.44%. Waste Management's dividend payout ratio (DPR) is 48.53%.

Insider Activity at Waste Management

In related news, CFO Devina A. Rankin sold 4,126 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $228.11, for a total transaction of $941,181.86. Following the completion of the sale, the chief financial officer now directly owns 62,639 shares of the company's stock, valued at $14,288,582.29. The trade was a 6.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Tara J. Hemmer sold 4,576 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the completion of the transaction, the senior vice president now directly owns 58,765 shares in the company, valued at approximately $13,052,881.80. The trade was a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,173 shares of company stock valued at $17,075,967 over the last ninety days. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. William Blair reiterated an "outperform" rating on shares of Waste Management in a research note on Friday, January 31st. Oppenheimer raised their price target on Waste Management from $231.00 to $237.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Raymond James increased their target price on Waste Management from $235.00 to $237.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Scotiabank lifted their price target on Waste Management from $250.00 to $255.00 and gave the stock a "sector outperform" rating in a research report on Monday, February 3rd. Finally, Stifel Nicolaus upped their price target on Waste Management from $243.00 to $252.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $236.65.

Waste Management 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.