B. Metzler seel. Sohn & Co. Holding AG Makes New $28.60 Million Investment in Waste Management, Inc. (NYSE:WM)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Waste Management, Inc. (NYSE:WM - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 137,768 shares of the business services provider's stock, valued at approximately $28,601,000.

A number of other institutional investors have also recently bought and sold shares of WM. Ameriprise Financial Inc. raised its position in Waste Management by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 4,523,324 shares of the business services provider's stock worth $969,401,000 after acquiring an additional 12,664 shares during the period. Capital World Investors grew its holdings in Waste Management by 44.6% during the first quarter. Capital World Investors now owns 4,226,869 shares of the business services provider's stock valued at $900,957,000 after purchasing an additional 1,303,466 shares during the period. Legal & General Group Plc increased its position in Waste Management by 6.8% in the second quarter. Legal & General Group Plc now owns 3,846,152 shares of the business services provider's stock worth $820,539,000 after buying an additional 243,900 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Waste Management by 94,414.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider's stock valued at $538,013,000 after buying an additional 2,588,842 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Waste Management by 11.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,217,389 shares of the business services provider's stock worth $473,047,000 after acquiring an additional 221,380 shares during the last quarter. Institutional investors own 80.40% of the company's stock.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the completion of the transaction, the director now directly owns 3,875 shares of the company's stock, valued at $834,946.25. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Waste Management from $213.00 to $219.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Truist Financial raised their price target on Waste Management from $235.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Robert W. Baird decreased their price objective on Waste Management from $226.00 to $216.00 and set a "neutral" rating on the stock in a research note on Friday, July 26th. William Blair initiated coverage on Waste Management in a report on Thursday, October 3rd. They set an "outperform" rating for the company. Finally, BMO Capital Markets increased their price target on shares of Waste Management from $213.00 to $220.00 and gave the stock a "market perform" rating in a report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $226.11.

Waste Management Trading Up 0.3 %

Shares of WM stock traded up $0.74 on Tuesday, hitting $219.05. 1,370,154 shares of the company's stock traded hands, compared to its average volume of 1,613,398. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The stock has a market capitalization of $87.92 billion, a price-to-earnings ratio of 33.38, a P/E/G ratio of 2.30 and a beta of 0.74. The company's fifty day simple moving average is $211.80 and its 200 day simple moving average is $209.78. Waste Management, Inc. has a one year low of $168.73 and a one year high of $226.84.

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

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.37%. Waste Management's dividend payout ratio (DPR) is presently 45.87%.

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.