Liberty One Investment Management LLC Has $23.19 Million Stock Holdings in Waste Management, Inc. $WM

Liberty One Investment Management LLC boosted its stake in Waste Management, Inc. (NYSE:WM) by 12.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,905 shares of the business services provider’s stock after purchasing an additional 11,116 shares during the period. Waste Management comprises about 2.4% of Liberty One Investment Management LLC’s holdings, making the stock its 17th largest holding. Liberty One Investment Management LLC’s holdings in Waste Management were worth $23,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of WM. PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in Waste Management in the fourth quarter valued at approximately $10,206,000. Capital Advisors Inc. OK boosted its position in shares of Waste Management by 2.0% during the fourth quarter. Capital Advisors Inc. OK now owns 196,585 shares of the business services provider’s stock worth $43,192,000 after purchasing an additional 3,880 shares in the last quarter. KLP Kapitalforvaltning AS grew its holdings in shares of Waste Management by 18.5% in the 4th quarter. KLP Kapitalforvaltning AS now owns 236,153 shares of the business services provider’s stock valued at $51,885,000 after buying an additional 36,900 shares during the period. LBP AM SA increased its position in shares of Waste Management by 24.1% in the 4th quarter. LBP AM SA now owns 46,640 shares of the business services provider’s stock valued at $10,247,000 after buying an additional 9,071 shares in the last quarter. Finally, Cohen Capital Management Inc. acquired a new stake in Waste Management during the 4th quarter worth $3,252,000. Institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Canadian Imperial Bank of Commerce raised Waste Management from a “hold” rating to an “outperformer” rating and set a $244.00 target price for the company in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lifted their price objective on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Wells Fargo & Company decreased their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Scotiabank raised their target price on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. Finally, Citigroup lifted their price target on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $256.74.

Waste Management Price Performance

NYSE WM opened at $237.17 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. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The firm’s 50 day moving average is $223.79 and its 200-day moving average is $226.99. The company has a market capitalization of $95.24 billion, a PE ratio of 34.32, a price-to-earnings-growth ratio of 2.88 and a beta of 0.44.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The company had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the business posted $1.67 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Equities research analysts anticipate that Waste Management, Inc. will post 8.15 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were given a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is 54.70%.

About Waste Management

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.