Waste Management, Inc. (NYSE:WM) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board decreased its position in Waste Management, Inc. (NYSE:WM) by 43.5% during the 3rd quarter, Holdings Channel reports. The fund owned 8,583 shares of the business services provider’s stock after selling 6,621 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Waste Management were worth $1,782,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its stake in Waste Management by 0.9% in the third quarter. First Horizon Advisors Inc. now owns 53,690 shares of the business services provider’s stock valued at $11,146,000 after purchasing an additional 462 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Waste Management by 13.5% during the third quarter. Advisors Asset Management Inc. now owns 33,667 shares of the business services provider’s stock worth $6,989,000 after acquiring an additional 4,015 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Waste Management by 79.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 89,647 shares of the business services provider’s stock worth $18,611,000 after acquiring an additional 39,714 shares during the last quarter. Howe & Rusling Inc. grew its position in shares of Waste Management by 7.3% during the third quarter. Howe & Rusling Inc. now owns 3,374 shares of the business services provider’s stock worth $700,000 after acquiring an additional 230 shares during the last quarter. Finally, Kirtland Hills Capital Management LLC grew its position in shares of Waste Management by 1.9% during the third quarter. Kirtland Hills Capital Management LLC now owns 7,092 shares of the business services provider’s stock worth $1,472,000 after acquiring an additional 129 shares during the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Up 0.3 %

NYSE:WM opened at $219.05 on Wednesday. The company has a market capitalization of $87.92 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 2.30 and a beta of 0.74. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.00. Waste Management, Inc. has a 52-week low of $168.73 and a 52-week high of $226.84. The stock has a fifty day simple moving average of $212.02 and a 200-day simple moving average of $209.86.

Waste Management (NYSE:WM) last posted 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. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. On average, equities research analysts expect that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, December 6th. Waste Management’s dividend payout ratio is presently 45.87%.

Analyst Ratings Changes

WM has been the topic of a number of research reports. William Blair initiated coverage on shares of Waste Management in a research report on Thursday, October 3rd. They set an “outperform” rating on the stock. Scotiabank began coverage on shares of Waste Management in a research report on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price on the stock. UBS Group increased their price target on Waste Management from $220.00 to $226.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird decreased their price target on Waste Management from $226.00 to $216.00 and set a “neutral” rating for the company in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. increased their price target on Waste Management from $213.00 to $219.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $226.11.

Insider Buying and Selling at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction dated 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 sale, the director now owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by company insiders.

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.