Chartwell Investment Partners LLC Grows Position in Waste Management, Inc. (NYSE:WM)

Chartwell Investment Partners LLC raised its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,465 shares of the business services provider's stock after purchasing an additional 2,984 shares during the period. Chartwell Investment Partners LLC's holdings in Waste Management were worth $15,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Waste Management by 94,414.4% during the third quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider's stock worth $538,013,000 after purchasing an additional 2,588,842 shares during the period. Capital World Investors grew its stake in shares of 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 worth $900,957,000 after purchasing an additional 1,303,466 shares in the last quarter. Swedbank AB purchased a new position in Waste Management during the 1st quarter worth $193,955,000. Wulff Hansen & CO. grew its position in shares of Waste Management by 20,402.6% in the second quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider's stock valued at $185,196,000 after purchasing an additional 863,846 shares during the last quarter. Finally, AMF Tjanstepension AB increased its position in Waste Management by 85.6% during the second quarter. AMF Tjanstepension AB now owns 1,561,939 shares of the business services provider's stock worth $333,234,000 after buying an additional 720,358 shares in the last quarter. Institutional investors own 80.40% of the company's stock.

Insider Activity at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the 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 transaction, the director now directly owns 3,875 shares in the company, valued at $834,946.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Waste Management Price Performance

Shares of NYSE WM traded up $0.84 during trading hours on Monday, reaching $224.96. 414,623 shares of the stock traded hands, compared to its average volume of 1,615,927. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $90.29 billion, a P/E ratio of 34.37, a price-to-earnings-growth ratio of 2.36 and a beta of 0.74. The company's 50-day simple moving average is $210.21 and its two-hundred day simple moving average is $209.25. Waste Management, Inc. has a 52-week low of $168.73 and a 52-week high of $226.48.

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

Waste Management Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WM. Oppenheimer boosted their target price on Waste Management from $230.00 to $231.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Morgan Stanley boosted their target price on shares of Waste Management from $214.00 to $227.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. StockNews.com upgraded Waste Management from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, November 6th. Truist Financial lifted their price objective on shares of Waste Management from $235.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Scotiabank started coverage on shares of Waste Management in a research report on Friday, October 4th. They issued a "sector perform" rating and a $220.00 price target on the stock. Eleven analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $226.11.

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.