Waste Management, Inc. (NYSE:WM) Shares Purchased by Radnor Capital Management LLC

Radnor Capital Management LLC boosted its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 17.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,256 shares of the business services provider's stock after acquiring an additional 3,130 shares during the period. Radnor Capital Management LLC's holdings in Waste Management were worth $4,413,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. HMS Capital Management LLC raised its stake in shares of Waste Management by 6.7% during the 3rd quarter. HMS Capital Management LLC now owns 9,798 shares of the business services provider's stock worth $2,034,000 after buying an additional 615 shares during the last quarter. Fiduciary Family Office LLC acquired a new position in shares of Waste Management during the 3rd quarter worth approximately $539,000. Arthur M. Cohen & Associates LLC lifted its stake in Waste Management by 20.9% in the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 2,810 shares of the business services provider's stock valued at $584,000 after buying an additional 485 shares in the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Waste Management by 0.3% in the third quarter. Pittenger & Anderson Inc. now owns 140,037 shares of the business services provider's stock valued at $29,072,000 after acquiring an additional 455 shares in the last quarter. Finally, Geneva Partners LLC increased its position in Waste Management by 2.4% during the 3rd quarter. Geneva Partners LLC now owns 2,221 shares of the business services provider's stock worth $461,000 after purchasing an additional 51 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the firm's 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 in the company, valued at approximately $834,946.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on WM. Scotiabank assumed coverage on Waste Management in a research note on Friday, October 4th. They issued a "sector perform" rating and a $220.00 target price for the company. The Goldman Sachs Group raised shares of Waste Management to a "strong-buy" rating in a research report on Friday, July 26th. StockNews.com lowered shares of Waste Management from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 9th. Royal Bank of Canada upped their price objective on Waste Management from $204.00 to $220.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 30th. Finally, Argus lifted their target price on Waste Management from $230.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Waste Management presently has an average rating of "Moderate Buy" and a consensus price target of $226.11.

Waste Management Stock Up 1.2 %

Shares of WM stock traded up $2.60 during mid-day trading on Wednesday, reaching $218.48. 2,712,995 shares of the company were exchanged, compared to its average volume of 1,620,552. The company has a market capitalization of $87.69 billion, a P/E ratio of 33.01, a P/E/G ratio of 2.26 and a beta of 0.74. The business's 50 day simple moving average is $209.58 and its 200 day simple moving average is $209.00. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a fifty-two week low of $168.73 and a fifty-two week high of $225.00.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data 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. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the previous year, the company posted $1.63 earnings per share. The firm's revenue was up 7.9% on a year-over-year basis. Research analysts predict that Waste Management, Inc. will post 7.31 earnings per share for the current year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, September 13th. Waste Management's dividend payout ratio (DPR) is 45.87%.

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.