Candriam S.C.A. Sells 187,186 Shares of Waste Management, Inc. $WM

Candriam S.C.A. decreased its stake in shares of Waste Management, Inc. (NYSE:WM) by 39.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 291,784 shares of the business services provider’s stock after selling 187,186 shares during the period. Candriam S.C.A.’s holdings in Waste Management were worth $67,049,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Elevated Capital Advisors LLC bought a new stake in shares of Waste Management during the fourth quarter worth approximately $25,000. RHL Group LLC bought a new position in shares of Waste Management during the fourth quarter worth approximately $29,000. Financial Network Wealth Advisors LLC lifted its holdings in Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after purchasing an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new stake in Waste Management in the 4th quarter valued at $29,000. Finally, JPL Wealth Management LLC acquired a new position in Waste Management in the 3rd quarter valued at $30,000. 80.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WM has been the subject of a number of research reports. Oppenheimer dropped their target price on Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a report on Wednesday. Robert W. Baird raised their price target on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Weiss Ratings downgraded shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. TD Cowen lifted their price objective on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Wells Fargo & Company reduced their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $256.20.

Waste Management Stock Performance

Waste Management stock opened at $233.50 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. The stock has a market cap of $93.77 billion, a PE ratio of 33.79, a P/E/G ratio of 2.43 and a beta of 0.44. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The business’s 50-day moving average price is $220.79 and its two-hundred day moving average price is $225.93.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The company had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company posted $1.67 EPS. As a group, analysts expect that Waste Management, Inc. will post 8.14 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a dividend of $0.945 per share. The ex-dividend date was Friday, June 5th. This represents a $3.78 annualized dividend and a dividend yield of 1.6%. Waste Management’s dividend payout ratio is 54.70%.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.