Waste Management, Inc. (NYSE:WM) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 300.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,478 shares of the business services provider's stock after buying an additional 21,370 shares during the quarter. Quantbot Technologies LP's holdings in Waste Management were worth $5,912,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Aberdeen Wealth Management LLC raised its position in shares of Waste Management by 1.1% in the third quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider's stock valued at $857,000 after buying an additional 45 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in Waste Management by 3.9% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider's stock worth $257,000 after purchasing an additional 46 shares in the last quarter. ARS Wealth Advisors Group LLC boosted its holdings in shares of Waste Management by 3.1% during the 2nd quarter. ARS Wealth Advisors Group LLC now owns 1,577 shares of the business services provider's stock worth $336,000 after purchasing an additional 47 shares during the last quarter. Benchmark Financial Wealth Advisors LLC grew its position in shares of Waste Management by 1.9% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider's stock valued at $546,000 after purchasing an additional 49 shares in the last quarter. Finally, Balboa Wealth Partners increased its holdings in shares of Waste Management by 4.1% in the third quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider's stock valued at $256,000 after purchasing an additional 49 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Waste Management

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

Waste Management Stock Up 0.8 %

Shares of Waste Management stock opened at $227.45 on Wednesday. Waste Management, Inc. has a 52-week low of $168.73 and a 52-week high of $228.52. The company has a 50 day moving average of $213.68 and a 200 day moving average of $210.32. 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 $91.29 billion, a P/E ratio of 34.78, a P/E/G ratio of 2.37 and a beta of 0.74.

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 analysts' consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion during 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 company's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 earnings per share. As a group, research analysts forecast that Waste Management, Inc. will post 7.32 EPS for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, December 6th. Waste Management's payout ratio is 45.87%.

Analyst Ratings Changes

Several analysts have issued reports on WM shares. Truist Financial upped their target price on Waste Management from $235.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Argus raised their price objective on shares of Waste Management from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. CIBC increased their price target on shares of Waste Management from $213.00 to $228.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. UBS Group lifted their price target on shares of Waste Management from $220.00 to $226.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets increased their price objective on Waste Management from $213.00 to $220.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 30th. Eleven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Waste Management has a consensus rating of "Moderate Buy" and a consensus price target 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.

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