Nixon Peabody Trust Co. Has $15.53 Million Stock Position in Waste Management, Inc. (NYSE:WM)

Nixon Peabody Trust Co. raised its holdings in Waste Management, Inc. (NYSE:WM) by 1.3% in the third quarter, Holdings Channel.com reports. The fund owned 74,816 shares of the business services provider’s stock after acquiring an additional 945 shares during the quarter. Nixon Peabody Trust Co.’s holdings in Waste Management were worth $15,532,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Waste Management in the second quarter worth about $31,000. Fairway Wealth LLC increased its position in shares of Waste Management by 62.9% in the 2nd quarter. Fairway Wealth LLC now owns 171 shares of the business services provider’s stock valued at $36,000 after buying an additional 66 shares in the last quarter. Fairscale Capital LLC acquired a new stake in Waste Management during the 2nd quarter worth approximately $39,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Waste Management during the second quarter worth about $36,000. Finally, Hexagon Capital Partners LLC boosted its holdings in Waste Management by 67.2% during the second quarter. Hexagon Capital Partners LLC now owns 199 shares of the business services provider’s stock worth $42,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

WM has been the subject of a number of recent analyst reports. Scotiabank began coverage on Waste Management in a research report on Friday, October 4th. They issued a “sector perform” rating and a $220.00 price objective for the company. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Oppenheimer increased their price target on Waste Management from $230.00 to $231.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. William Blair began coverage on shares of Waste Management in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Finally, Truist Financial raised their price objective on shares of Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Eleven 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $226.11.

Insider Activity at Waste Management

In related news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 3,875 shares of the company’s stock, valued at $834,946.25. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

Waste Management Price Performance

NYSE WM traded up $1.01 on Monday, hitting $218.91. The company had a trading volume of 85,202 shares, compared to its average volume of 1,610,446. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. The company has a market capitalization of $87.86 billion, a PE ratio of 33.26, a PEG ratio of 2.30 and a beta of 0.74. Waste Management, Inc. has a 12-month low of $168.73 and a 12-month high of $226.84. The company’s fifty day moving average price is $211.61 and its 200-day moving average price is $209.71.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter last year, the firm earned $1.63 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts predict that Waste Management, Inc. will post 7.3 earnings per share for the current year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, December 6th. Waste Management’s payout ratio 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.