Windward Capital Management Co. CA Purchases 9,912 Shares of Waste Management, Inc. (WM)
Windward Capital Management Co. CA raised its stake in Waste Management, Inc. (NYSE:WM) by 81.9% during the 4th quarter, Holdings Channel reports. The firm owned 22,012 shares of the business services provider’s stock after acquiring an additional 9,912 shares during the period. Windward Capital Management Co. CA’s holdings in Waste Management were worth $1,900,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Franklin Street Advisors Inc. NC increased its stake in Waste Management by 1.4% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 97,607 shares of the business services provider’s stock valued at $8,424,000 after purchasing an additional 1,379 shares during the last quarter. DnB Asset Management AS increased its stake in Waste Management by 5.9% in the fourth quarter. DnB Asset Management AS now owns 52,194 shares of the business services provider’s stock valued at $4,504,000 after purchasing an additional 2,900 shares during the last quarter. Atlantic Trust Group LLC increased its stake in Waste Management by 53.9% in the third quarter. Atlantic Trust Group LLC now owns 39,720 shares of the business services provider’s stock valued at $3,109,000 after purchasing an additional 13,918 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Waste Management by 0.8% in the third quarter. Parametric Portfolio Associates LLC now owns 1,204,156 shares of the business services provider’s stock valued at $94,249,000 after purchasing an additional 9,353 shares during the last quarter. Finally, AXA increased its stake in Waste Management by 1.1% in the third quarter. AXA now owns 455,327 shares of the business services provider’s stock valued at $35,638,000 after purchasing an additional 4,837 shares during the last quarter. Institutional investors own 74.89% of the company’s stock.
In related news, SVP Barry H. Caldwell sold 1,650 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $81.10, for a total transaction of $133,815.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is owned by company insiders.
Shares of Waste Management, Inc. (WM) opened at $87.27 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt-to-equity ratio of 1.60. Waste Management, Inc. has a fifty-two week low of $69.00 and a fifty-two week high of $88.40. The firm has a market capitalization of $37,890.00, a price-to-earnings ratio of 28.06, a P/E/G ratio of 2.64 and a beta of 0.75.
Waste Management (NYSE:WM) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.02. Waste Management had a return on equity of 25.61% and a net margin of 9.66%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period last year, the company earned $0.84 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. analysts anticipate that Waste Management, Inc. will post 3.2 EPS for the current year.
Waste Management announced that its board has approved a share repurchase plan on Thursday, December 14th that allows the company to repurchase $1.25 billion in shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Thursday, November 30th. Waste Management’s dividend payout ratio is presently 54.66%.
Several brokerages have commented on WM. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Monday. Stifel Nicolaus restated a “buy” rating and set a $100.00 target price on shares of Waste Management in a research report on Thursday, January 4th. Macquarie upgraded shares of Waste Management from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 3rd. Credit Suisse Group set a $90.00 target price on shares of Waste Management and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Oppenheimer raised their target price on shares of Waste Management from $82.00 to $87.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $86.78.
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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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