APG Asset Management N.V. Boosts Stake in Waste Management, Inc. (NYSE:WM)

APG Asset Management N.V. raised its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 67.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 489,717 shares of the business services provider's stock after acquiring an additional 197,582 shares during the period. APG Asset Management N.V. owned approximately 0.12% of Waste Management worth $95,432,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Checchi Capital Advisers LLC raised its position in Waste Management by 0.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 6,768 shares of the business services provider's stock valued at $1,366,000 after purchasing an additional 45 shares in the last quarter. Catalyst Financial Partners LLC increased its position in shares of Waste Management by 2.4% during the 4th quarter. Catalyst Financial Partners LLC now owns 2,039 shares of the business services provider's stock valued at $411,000 after purchasing an additional 48 shares during the last quarter. Maia Wealth LLC raised its holdings in shares of Waste Management by 4.1% during the 4th quarter. Maia Wealth LLC now owns 1,213 shares of the business services provider's stock valued at $259,000 after buying an additional 48 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Waste Management by 1.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,091 shares of the business services provider's stock worth $624,000 after buying an additional 49 shares in the last quarter. Finally, Signaturefd LLC grew its position in Waste Management by 0.6% during the fourth quarter. Signaturefd LLC now owns 8,511 shares of the business services provider's stock valued at $1,717,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 80.40% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WM. Scotiabank upped their price objective on shares of Waste Management from $255.00 to $260.00 and gave the company a "sector outperform" rating in a research note on Tuesday, April 8th. William Blair reaffirmed an "outperform" rating on shares of Waste Management in a research note on Friday, January 31st. Citigroup boosted their target price on Waste Management from $242.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. UBS Group raised their price target on Waste Management from $230.00 to $240.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Oppenheimer boosted their price objective on Waste Management from $231.00 to $237.00 and gave the company an "outperform" rating 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $237.76.

Waste Management Stock Up 1.3 %

Shares of WM stock traded up $2.85 during midday trading on Friday, reaching $229.30. 1,920,866 shares of the stock were exchanged, compared to its average volume of 1,637,537. The firm has a market cap of $92.25 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66. The company has a current ratio of 0.76, a quick ratio of 0.85 and a debt-to-equity ratio of 2.73. The company's 50 day moving average is $227.33 and its two-hundred day moving average is $218.19. Waste Management, Inc. has a 1 year low of $196.59 and a 1 year high of $239.32.

Waste Management (NYSE:WM - Get Free Report) last issued its quarterly 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 return on equity of 37.93% and a net margin of 12.45%. On average, equities research analysts predict that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, March 14th. This represents a $3.30 annualized dividend and a yield of 1.44%. This is a positive change from Waste Management's previous quarterly dividend of $0.75. Waste Management's payout ratio is presently 48.53%.

Insiders Place Their Bets

In related news, VP Donald J. Smith sold 191 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $220.22, for a total transaction of $42,062.02. Following the sale, the vice president now directly owns 6,129 shares of the company's stock, valued at approximately $1,349,728.38. This represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Johnson Varkey sold 124 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $234.96, for a total transaction of $29,135.04. Following the sale, the senior vice president now owns 8,491 shares of the company's stock, valued at approximately $1,995,045.36. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,577 shares of company stock worth $21,662,464. 0.18% of the stock is currently owned by company insiders.

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.