Diametric Capital LP Has $544,000 Holdings in Waste Management, Inc. (NYSE:WM)

Diametric Capital LP raised its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 173.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,695 shares of the business services provider's stock after purchasing an additional 1,710 shares during the quarter. Diametric Capital LP's holdings in Waste Management were worth $544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. National Bank of Canada FI lifted its position in shares of Waste Management by 26.3% during the fourth quarter. National Bank of Canada FI now owns 907,529 shares of the business services provider's stock worth $183,180,000 after purchasing an additional 188,983 shares in the last quarter. Family Legacy Inc. lifted its holdings in Waste Management by 2.4% in the 4th quarter. Family Legacy Inc. now owns 14,621 shares of the business services provider's stock worth $3,020,000 after buying an additional 338 shares in the last quarter. Summit Financial LLC increased its position in shares of Waste Management by 29.9% during the fourth quarter. Summit Financial LLC now owns 6,434 shares of the business services provider's stock worth $1,298,000 after acquiring an additional 1,481 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new stake in Waste Management during the 4th quarter valued at approximately $50,000. Finally, Wellington Management Group LLP raised its position in shares of Waste Management by 5.6% in the 4th quarter. Wellington Management Group LLP now owns 260,910 shares of the business services provider's stock valued at $52,649,000 after purchasing an additional 13,755 shares in the last quarter. Hedge funds and other institutional investors own 80.40% of the company's stock.

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Insider Activity at Waste Management

In related news, CEO James C. Fish, Jr. sold 44,405 shares of Waste Management stock in a transaction on Monday, February 24th. The shares were sold at an average price of $228.43, for a total value of $10,143,434.15. Following the completion of the sale, the chief executive officer now owns 211,061 shares of the company's stock, valued at approximately $48,212,664.23. The trade was a 17.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO John A. Carroll sold 1,251 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $225.92, for a total value of $282,625.92. Following the completion of the transaction, the chief accounting officer now directly owns 8,420 shares in the company, valued at $1,902,246.40. The trade was a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,577 shares of company stock valued at $21,662,464. Insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

WM has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Waste Management from $243.00 to $252.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Citigroup boosted their price objective on Waste Management from $242.00 to $255.00 and gave the company a "buy" rating in a report on Monday, February 3rd. CIBC boosted their price target on Waste Management from $227.00 to $247.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Oppenheimer boosted their target price on shares of Waste Management from $231.00 to $237.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Finally, Scotiabank increased their price objective on shares of Waste Management from $250.00 to $255.00 and gave the stock a "sector outperform" rating in a research note on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $236.65.

Waste Management Trading Up 0.9 %

NYSE WM traded up $2.23 on Thursday, hitting $236.79. 2,215,276 shares of the company were exchanged, compared to its average volume of 1,621,068. Waste Management, Inc. has a twelve month low of $196.59 and a twelve month high of $238.90. The company's 50 day moving average price is $225.85 and its 200-day moving average price is $217.10. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.76 and a quick ratio of 0.85. The firm has a market capitalization of $95.21 billion, a P/E ratio of 34.82, a price-to-earnings-growth ratio of 2.71 and a beta of 0.75.

Waste Management (NYSE:WM - Get Free Report) last released its earnings results on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). Waste Management had a net margin of 12.45% and a return on equity of 37.93%. Analysts predict that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Waste Management's previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.39%. Waste Management's dividend payout ratio is 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.