Mesirow Financial Investment Management Inc. Acquires 10,109 Shares of Waste Management, Inc. (NYSE:WM)

Mesirow Financial Investment Management Inc. grew its holdings in Waste Management, Inc. (NYSE:WM - Free Report) by 217.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,764 shares of the business services provider's stock after purchasing an additional 10,109 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Waste Management were worth $3,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in WM. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Waste Management during the second quarter valued at about $31,000. Fairway Wealth LLC raised its stake in Waste Management by 62.9% during the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider's stock worth $36,000 after buying an additional 66 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Waste Management in the second quarter valued at approximately $36,000. Fairscale Capital LLC bought a new stake in shares of Waste Management during the second quarter valued at approximately $39,000. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Waste Management by 67.2% in 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. 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 on Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the sale, the director now directly owns 3,875 shares of the company's stock, valued at $834,946.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.18% of the company's stock.

Waste Management Stock Down 0.2 %

Shares of Waste Management stock traded down $0.52 during trading hours on Monday, hitting $223.60. The company had a trading volume of 1,084,760 shares, compared to its average volume of 1,619,001. The company has a market cap of $89.75 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 has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a twelve month low of $168.73 and a twelve month high of $226.50. The company's 50-day moving average is $210.21 and its two-hundred day moving average is $209.25.

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

Waste Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Friday, September 13th. Waste Management's dividend payout ratio is presently 45.87%.

Analyst Upgrades and Downgrades

WM has been the topic of a number of research analyst reports. Royal Bank of Canada boosted 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. Scotiabank began coverage on shares of Waste Management in a research report on Friday, October 4th. They set a "sector perform" rating and a $220.00 target price for the company. StockNews.com raised shares of Waste Management from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 6th. CIBC increased their target price on shares of Waste Management from $213.00 to $228.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, Argus increased their price objective on Waste Management from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Eleven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Waste Management has an average rating of "Moderate Buy" and a consensus target price of $226.11.

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.