Numeric Investors LLC Acquires 37,800 Shares of Waste Management, Inc. (WM)
Numeric Investors LLC boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 71.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,500 shares of the business services provider’s stock after buying an additional 37,800 shares during the quarter. Numeric Investors LLC’s holdings in Waste Management were worth $6,638,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Waste Management by 2,611.5% during the 1st quarter. BlackRock Inc. now owns 30,162,320 shares of the business services provider’s stock worth $2,199,436,000 after acquiring an additional 29,049,915 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Waste Management by 95.0% in the first quarter. Renaissance Technologies LLC now owns 3,857,300 shares of the business services provider’s stock worth $281,274,000 after purchasing an additional 1,879,300 shares during the last quarter. Vanguard Group Inc. grew its holdings in Waste Management by 5.8% in the first quarter. Vanguard Group Inc. now owns 32,753,532 shares of the business services provider’s stock worth $2,388,388,000 after purchasing an additional 1,790,546 shares during the last quarter. Harbour Capital Advisors LLC grew its holdings in Waste Management by 8,786.6% in the second quarter. Harbour Capital Advisors LLC now owns 903,232 shares of the business services provider’s stock worth $12,314,000 after purchasing an additional 893,068 shares during the last quarter. Finally, Janus Capital Management LLC grew its holdings in Waste Management by 34.1% in the first quarter. Janus Capital Management LLC now owns 3,449,747 shares of the business services provider’s stock worth $251,556,000 after purchasing an additional 876,766 shares during the last quarter. 74.93% of the stock is currently owned by institutional investors.
Waste Management, Inc. (NYSE:WM) opened at 78.77 on Tuesday. Waste Management, Inc. has a one year low of $61.08 and a one year high of $78.82. The company has a 50-day moving average of $77.11 and a 200 day moving average of $74.29. The firm has a market cap of $34.66 billion, a P/E ratio of 26.98 and a beta of 0.74.
Waste Management (NYSE:WM) last posted its earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.81. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.62 billion. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 EPS. Equities research analysts expect that Waste Management, Inc. will post $3.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were paid a dividend of $0.425 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.70 dividend on an annualized basis and a yield of 2.16%. Waste Management’s dividend payout ratio is presently 58.42%.
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A number of research firms have recently weighed in on WM. Zacks Investment Research cut Waste Management from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. BMO Capital Markets reaffirmed a “buy” rating and set a $82.00 target price on shares of Waste Management in a research report on Friday, September 8th. Oppenheimer Holdings, Inc. increased their price target on Waste Management from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, July 5th. Credit Suisse Group raised their price target on Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. Finally, Stifel Nicolaus boosted their price target on Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $76.19.
In other news, Director John C. Pope sold 453 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $74.38, for a total value of $33,694.14. Following the completion of the sale, the director now directly owns 51,470 shares of the company’s stock, valued at $3,828,338.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick W. Gross sold 487 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total value of $36,369.16. Following the completion of the sale, the director now directly owns 23,222 shares of the company’s stock, valued at $1,734,218.96. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.
Waste Management Company Profile
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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