Dupont Capital Management Corp Lowers Stake in Waste Management, Inc. (WM)
Dupont Capital Management Corp reduced its position in shares of Waste Management, Inc. (NYSE:WM) by 15.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 70,144 shares of the business services provider’s stock after selling 12,989 shares during the quarter. Dupont Capital Management Corp’s holdings in Waste Management were worth $5,490,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Andra AP fonden boosted its position in shares of Waste Management by 2.2% during the 3rd quarter. Andra AP fonden now owns 415,814 shares of the business services provider’s stock valued at $32,546,000 after acquiring an additional 8,914 shares during the last quarter. Savant Capital LLC boosted its position in shares of Waste Management by 2.4% during the 3rd quarter. Savant Capital LLC now owns 31,974 shares of the business services provider’s stock valued at $2,503,000 after acquiring an additional 756 shares during the last quarter. McKinley Carter Wealth Services Inc. bought a new position in shares of Waste Management during the 3rd quarter valued at approximately $944,000. Everence Capital Management Inc. boosted its position in shares of Waste Management by 8.1% during the 3rd quarter. Everence Capital Management Inc. now owns 31,462 shares of the business services provider’s stock valued at $2,463,000 after acquiring an additional 2,360 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of Waste Management during the 3rd quarter valued at approximately $227,000. Hedge funds and other institutional investors own 75.29% of the company’s stock.
Shares of Waste Management, Inc. (NYSE:WM) opened at $81.70 on Friday. The stock has a market capitalization of $35,475.45, a price-to-earnings ratio of 26.19, a P/E/G ratio of 2.65 and a beta of 0.76. Waste Management, Inc. has a 52-week low of $63.35 and a 52-week high of $82.87. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.71 and a quick ratio of 0.68.
Waste Management (NYSE:WM) last released its earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.02. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. analysts anticipate that Waste Management, Inc. will post 3.2 EPS for the current year.
A number of research analysts have recently commented on the company. KeyCorp increased their target price on Waste Management from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. BMO Capital Markets raised their price target on Waste Management from $82.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Oppenheimer Holdings, Inc. raised their price target on Waste Management from $82.00 to $87.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Finally, Stifel Nicolaus downgraded Waste Management from a “buy” rating to a “hold” rating and lowered their price target for the stock from $85.00 to $80.00 in a research report on Wednesday, October 4th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $81.81.
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About Waste Management
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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