Dynamic Technology Lab Private Ltd Purchases New Position in Waste Management, Inc. (NYSE:WM)

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Dynamic Technology Lab Private Ltd acquired a new stake in shares of Waste Management, Inc. (NYSE:WM) during the first quarter, HoldingsChannel.com reports. The firm acquired 4,296 shares of the business services provider’s stock, valued at approximately $446,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. IFG Advisory LLC increased its stake in shares of Waste Management by 2.1% during the first quarter. IFG Advisory LLC now owns 4,846 shares of the business services provider’s stock valued at $503,000 after acquiring an additional 99 shares during the period. CHICAGO TRUST Co NA increased its stake in shares of Waste Management by 1.5% during the first quarter. CHICAGO TRUST Co NA now owns 6,933 shares of the business services provider’s stock valued at $720,000 after acquiring an additional 100 shares during the period. Welch & Forbes LLC increased its stake in shares of Waste Management by 1.9% during the first quarter. Welch & Forbes LLC now owns 5,485 shares of the business services provider’s stock valued at $570,000 after acquiring an additional 100 shares during the period. Shepherd Financial Partners LLC increased its stake in shares of Waste Management by 3.0% during the first quarter. Shepherd Financial Partners LLC now owns 3,476 shares of the business services provider’s stock valued at $361,000 after acquiring an additional 102 shares during the period. Finally, Hanson McClain Inc. increased its stake in shares of Waste Management by 51.0% during the first quarter. Hanson McClain Inc. now owns 302 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds own 73.71% of the company’s stock.

In related news, VP Michael J. Watson sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $104.55, for a total value of $73,185.00. Following the completion of the transaction, the vice president now owns 9,518 shares of the company’s stock, valued at approximately $995,106.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John J. Morris sold 42,795 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $106.38, for a total transaction of $4,552,532.10. Following the completion of the transaction, the executive vice president now directly owns 101,332 shares of the company’s stock, valued at approximately $10,779,698.16. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Waste Management stock opened at $114.16 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.66 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $48.29 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 3.11 and a beta of 0.62. Waste Management, Inc. has a 1 year low of $79.96 and a 1 year high of $115.42.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.03. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.68 billion. Waste Management had a net margin of 12.43% and a return on equity of 29.12%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. Sell-side analysts predict that Waste Management, Inc. will post 4.3 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a $0.5125 dividend. The ex-dividend date is Thursday, June 6th. This represents a $2.05 annualized dividend and a yield of 1.80%. Waste Management’s dividend payout ratio (DPR) is 48.81%.

A number of research analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Waste Management from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. KeyCorp lifted their price target on shares of Waste Management from $112.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Royal Bank of Canada upgraded shares of Waste Management from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $113.00 to $125.00 in a research report on Monday, June 3rd. Oppenheimer lifted their price target on shares of Waste Management from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Argus lifted their price target on shares of Waste Management from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Waste Management presently has an average rating of “Buy” and an average price target of $111.11.

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Waste Management Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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