DRW Securities LLC Has $238,000 Holdings in Waste Management, Inc. (NYSE:WM)

DRW Securities LLC reduced its stake in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 68.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,189 shares of the business services provider's stock after selling 2,533 shares during the period. DRW Securities LLC's holdings in Waste Management were worth $238,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Waste Management in the 4th quarter valued at approximately $1,009,726,000. Raymond James Financial Inc. bought a new position in shares of Waste Management during the 4th quarter worth approximately $340,611,000. Parnassus Investments LLC raised its holdings in shares of Waste Management by 22.5% in the fourth quarter. Parnassus Investments LLC now owns 6,272,009 shares of the business services provider's stock valued at $1,265,629,000 after purchasing an additional 1,151,237 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Waste Management by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 37,300,278 shares of the business services provider's stock worth $7,526,823,000 after purchasing an additional 538,567 shares in the last quarter. Finally, Robeco Schweiz AG acquired a new position in Waste Management during the fourth quarter worth $60,668,000. Institutional investors own 80.40% of the company's stock.

Insiders Place Their Bets

In other news, SVP Tara J. Hemmer sold 4,576 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $222.12, for a total transaction of $1,016,421.12. Following the completion of the sale, the senior vice president now directly owns 58,765 shares in the company, valued at approximately $13,052,881.80. This represents a 7.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Johnson Varkey sold 560 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $220.11, for a total value of $123,261.60. Following the completion of the transaction, the senior vice president now owns 9,152 shares in the company, valued at $2,014,446.72. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,577 shares of company stock worth $21,662,464 in the last quarter. Corporate insiders own 0.18% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. UBS Group boosted their price target on shares of Waste Management from $230.00 to $240.00 and gave the stock a "neutral" rating in a research report on Friday. William Blair reiterated an "outperform" rating on shares of Waste Management in a report on Friday, January 31st. Jefferies Financial Group decreased their price target on Waste Management from $255.00 to $238.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Oppenheimer upped their price objective on Waste Management from $231.00 to $237.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, Raymond James raised their target price on shares of Waste Management from $235.00 to $237.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Nine research 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $237.76.

Waste Management Stock Performance

Shares of Waste Management stock traded down $0.89 on Tuesday, hitting $231.41. The stock had a trading volume of 1,323,664 shares, compared to its average volume of 1,637,809. The stock has a market cap of $93.10 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $239.32. The business's 50 day moving average is $227.48 and its two-hundred day moving average is $218.47.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data 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%. Analysts forecast 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. Shareholders of record on Friday, March 14th were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.30 dividend on an annualized basis and a yield of 1.43%. This is an increase from Waste Management's previous quarterly dividend of $0.75. Waste Management's payout ratio is currently 48.53%.

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.