Generate Investment Management Ltd Purchases 13,768 Shares of Waste Management, Inc. (NYSE:WM)

Generate Investment Management Ltd raised its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 32.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,514 shares of the business services provider's stock after acquiring an additional 13,768 shares during the period. Generate Investment Management Ltd's holdings in Waste Management were worth $12,057,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. DSM Capital Partners LLC bought a new position in shares of Waste Management in the fourth quarter worth $38,000. Capital Wealth Planning LLC bought a new stake in Waste Management in the fourth quarter worth about $86,364,000. Dai ichi Life Insurance Company Ltd lifted its stake in shares of Waste Management by 2.5% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 173,782 shares of the business services provider's stock valued at $31,124,000 after buying an additional 4,199 shares in the last quarter. Wellington Management Group LLP increased its holdings in Waste Management by 18.4% during the 4th quarter. Wellington Management Group LLP now owns 312,618 shares of the business services provider's stock worth $55,990,000 after acquiring an additional 48,549 shares during the period. Finally, Trexquant Investment LP purchased a new position in Waste Management in the fourth quarter worth $1,673,000. Institutional investors and hedge funds own 80.40% of the company's stock.

Insider Activity

In related news, VP Michael J. Watson sold 4,208 shares of the business's stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total transaction of $859,610.24. Following the transaction, the vice president now directly owns 45,644 shares in the company, valued at $9,324,156.32. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, VP Michael J. Watson sold 4,208 shares of the business's stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $204.28, for a total value of $859,610.24. Following the transaction, the vice president now owns 45,644 shares in the company, valued at approximately $9,324,156.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael J. Watson sold 1,500 shares of Waste Management stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $220.00, for a total value of $330,000.00. Following the transaction, the vice president now directly owns 44,144 shares in the company, valued at approximately $9,711,680. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Waste Management Stock Performance

Shares of WM stock traded down $2.64 during mid-day trading on Tuesday, hitting $209.40. 2,030,448 shares of the stock were exchanged, compared to its average volume of 1,673,768. The stock has a market capitalization of $84.04 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 2.37 and a beta of 0.74. Waste Management, Inc. has a 12-month low of $149.71 and a 12-month high of $225.00. The stock's fifty day simple moving average is $209.80 and its two-hundred day simple moving average is $208.60. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.07.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, meeting analysts' consensus estimates of $1.82. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The company had revenue of $5.40 billion during the quarter, compared to analysts' expectations of $5.43 billion. During the same period in the prior year, the company posted $1.51 EPS. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts forecast that Waste Management, Inc. will post 7.24 EPS for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, September 13th. This represents a $3.00 annualized dividend and a yield of 1.43%. Waste Management's dividend payout ratio is 49.10%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Robert W. Baird dropped their price objective on shares of Waste Management from $226.00 to $216.00 and set a "neutral" rating on the stock in a report on Friday, July 26th. Oppenheimer decreased their price objective on Waste Management from $229.00 to $224.00 and set an "outperform" rating for the company in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Waste Management in a report on Wednesday, May 22nd. They set a "buy" rating and a $241.00 price objective on the stock. Truist Financial cut their target price on shares of Waste Management from $240.00 to $235.00 and set a "buy" rating for the company in a report on Thursday, July 11th. Finally, The Goldman Sachs Group upgraded Waste Management to a "strong-buy" rating in a research report on Friday, July 26th. Eleven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $215.83.

About Waste Management

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.