Robeco Institutional Asset Management B.V. reduced its stake in Waste Management, Inc. (NYSE:WM) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,762,030 shares of the business services provider’s stock after selling 6,264 shares during the period. Waste Management accounts for approximately 0.9% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 20th largest holding. Robeco Institutional Asset Management B.V. owned about 0.40% of Waste Management worth $137,911,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. bought a new position in shares of Waste Management in the 2nd quarter worth $101,000. Northwest Investment Counselors LLC bought a new position in shares of Waste Management in the 2nd quarter worth $103,000. Bruderman Asset Management LLC bought a new position in shares of Waste Management in the 2nd quarter worth $110,000. Guardian Life Insurance Co. of America boosted its position in shares of Waste Management by 0.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock worth $114,000 after purchasing an additional 14 shares during the last quarter. Finally, FTB Advisors Inc. boosted its position in shares of Waste Management by 4.3% in the 2nd quarter. FTB Advisors Inc. now owns 1,585 shares of the business services provider’s stock worth $116,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 74.88% of the company’s stock.

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Shares of Waste Management, Inc. (WM) traded up 0.10% during mid-day trading on Monday, reaching $77.81. The company had a trading volume of 452,177 shares. The firm has a market capitalization of $34.24 billion, a price-to-earnings ratio of 26.65 and a beta of 0.74. Waste Management, Inc. has a one year low of $61.59 and a one year high of $79.28. The stock has a 50 day moving average of $77.52 and a 200-day moving average of $74.71.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.81. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.62 billion. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Equities analysts predict that Waste Management, Inc. will post $3.19 EPS for the current year.

WM has been the topic of several recent research reports. Zacks Investment Research lowered Waste Management from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Stifel Nicolaus lowered Waste Management from a “buy” rating to a “hold” rating and reduced their price target for the stock from $85.00 to $80.00 in a research report on Wednesday, October 4th. KeyCorp raised their price target on Waste Management from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Oppenheimer Holdings, Inc. raised their price target on Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 5th. Finally, BMO Capital Markets restated a “buy” rating and issued a $85.00 price target on shares of Waste Management in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $78.74.

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.

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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