STAR Financial Bank Purchases 156 Shares of Waste Management, Inc. (NYSE:WM)

STAR Financial Bank raised its position in shares of Waste Management, Inc. (NYSE:WM) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,431 shares of the business services provider’s stock after buying an additional 156 shares during the quarter. STAR Financial Bank’s holdings in Waste Management were worth $794,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of WM. Jump Financial LLC bought a new position in shares of Waste Management during the 3rd quarter worth about $634,000. Quantbot Technologies LP boosted its position in shares of Waste Management by 53.3% during the 3rd quarter. Quantbot Technologies LP now owns 6,983 shares of the business services provider’s stock worth $1,064,000 after purchasing an additional 2,429 shares in the last quarter. Keybank National Association OH boosted its position in shares of Waste Management by 0.5% during the 3rd quarter. Keybank National Association OH now owns 25,974 shares of the business services provider’s stock worth $3,959,000 after purchasing an additional 120 shares in the last quarter. Western Wealth Management LLC boosted its position in shares of Waste Management by 6.0% during the 3rd quarter. Western Wealth Management LLC now owns 6,538 shares of the business services provider’s stock worth $997,000 after purchasing an additional 370 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Waste Management during the 3rd quarter worth about $34,257,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of WM stock traded down $0.14 during trading hours on Wednesday, hitting $203.49. 482,219 shares of the company were exchanged, compared to its average volume of 1,707,557. The firm has a fifty day simple moving average of $208.66 and a 200 day simple moving average of $195.70. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a 52-week low of $149.71 and a 52-week high of $214.54. The stock has a market capitalization of $81.62 billion, a price-to-earnings ratio of 33.17, a P/E/G ratio of 2.48 and a beta of 0.74.

Waste Management (NYSE:WM) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.52 by $0.23. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. Waste Management’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $1.31 EPS. Research analysts predict that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, June 7th. Waste Management’s dividend payout ratio (DPR) is presently 49.10%.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of analyst reports. Truist Financial upped their target price on shares of Waste Management from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, April 26th. HSBC lowered shares of Waste Management from a “buy” rating to a “hold” rating and set a $210.00 target price on the stock. in a report on Thursday, February 15th. Jefferies Financial Group upped their target price on shares of Waste Management from $230.00 to $256.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Raymond James upped their target price on shares of Waste Management from $219.00 to $229.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, TD Cowen upped their target price on shares of Waste Management from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Ten investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $217.61.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.