Aigen Investment Management LP Lowers Stock Holdings in Waste Management, Inc. (NYSE:WM)

Aigen Investment Management LP cut its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 45.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,640 shares of the business services provider's stock after selling 4,778 shares during the quarter. Aigen Investment Management LP's holdings in Waste Management were worth $1,171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Waste Management in the 2nd quarter valued at about $31,000. Fairway Wealth LLC raised its holdings in Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider's stock valued at $36,000 after acquiring an additional 66 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Waste Management during the 2nd quarter worth approximately $36,000. Fairscale Capital LLC acquired a new position in shares of Waste Management during the 2nd quarter worth approximately $39,000. Finally, Hexagon Capital Partners LLC grew its position in shares of Waste Management by 67.2% during the 2nd quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider's stock worth $42,000 after purchasing an additional 80 shares in the last quarter. 80.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Scotiabank assumed coverage on shares of Waste Management in a research note on Friday, October 4th. They issued a "sector perform" rating and a $220.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Waste Management from $213.00 to $219.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their price target on shares of Waste Management from $213.00 to $220.00 and gave the company a "market perform" rating in a research note on Wednesday, October 30th. UBS Group raised their price target on shares of Waste Management from $220.00 to $226.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada raised their price target on shares of Waste Management from $204.00 to $220.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $226.11.

Waste Management Stock Performance

Shares of NYSE WM traded up $0.89 during trading on Wednesday, hitting $225.67. The company had a trading volume of 1,087,023 shares, compared to its average volume of 1,618,326. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a 12 month low of $168.73 and a 12 month high of $226.84. The stock has a 50 day simple moving average of $210.75 and a 200 day simple moving average of $209.43. The firm has a market capitalization of $90.58 billion, a P/E ratio of 34.51, a price-to-earnings-growth ratio of 2.37 and a beta of 0.74.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same period last year, the company earned $1.63 EPS. The company's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts anticipate that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.00 annualized dividend and a yield of 1.33%. Waste Management's dividend payout ratio (DPR) is 45.87%.

Insider Buying and Selling at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the completion of the transaction, the director now owns 3,875 shares of the company's stock, valued at approximately $834,946.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company's stock.

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.