Everence Capital Management Inc. lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,462 shares of the business services provider’s stock after buying an additional 2,360 shares during the quarter. Everence Capital Management Inc.’s holdings in Waste Management were worth $2,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in WM. BlackRock Inc. increased its position in shares of Waste Management by 2,611.5% during the first quarter. BlackRock Inc. now owns 30,162,320 shares of the business services provider’s stock valued at $2,199,436,000 after buying an additional 29,049,915 shares during the period. Janus Henderson Group PLC boosted its stake in Waste Management by 7,400.8% during the second quarter. Janus Henderson Group PLC now owns 4,317,825 shares of the business services provider’s stock worth $316,712,000 after acquiring an additional 4,260,260 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Waste Management by 95.0% during the first quarter. Renaissance Technologies LLC now owns 3,857,300 shares of the business services provider’s stock worth $281,274,000 after acquiring an additional 1,879,300 shares in the last quarter. Vanguard Group Inc. boosted its stake in Waste Management by 5.8% during 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 acquiring an additional 1,790,546 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in Waste Management by 8,786.6% during the second quarter. Harbour Capital Advisors LLC now owns 903,232 shares of the business services provider’s stock worth $12,314,000 after acquiring an additional 893,068 shares in the last quarter. Institutional investors own 75.29% of the company’s stock.

WM has been the topic of several research reports. Zacks Investment Research lowered shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. KeyCorp boosted their price objective on shares of Waste Management from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Stifel Nicolaus lowered shares of Waste Management from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $85.00 to $80.00 in a research note on Wednesday, October 4th. Bank of America Corporation dropped their price objective on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, October 5th. Finally, BMO Capital Markets reissued a “buy” rating and set a $85.00 price objective on shares of Waste Management in a research note on Friday, October 13th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $81.81.

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Waste Management (NYSE:WM) last released its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. Waste Management had a net margin of 9.66% and a return on equity of 25.61%. The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the business earned $0.84 EPS. The company’s revenue was up 4.7% compared to the same quarter last year.

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

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