Waste Management, Inc. $WM is Ycg LLC’s 10th Largest Position

Ycg LLC boosted its position in Waste Management, Inc. (NYSE:WM) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 244,787 shares of the business services provider’s stock after acquiring an additional 7,988 shares during the quarter. Waste Management accounts for approximately 4.1% of Ycg LLC’s portfolio, making the stock its 10th largest holding. Ycg LLC’s holdings in Waste Management were worth $54,056,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. NBT Bank N A NY lifted its position in Waste Management by 8.7% in the 3rd quarter. NBT Bank N A NY now owns 1,893 shares of the business services provider’s stock worth $418,000 after buying an additional 151 shares during the last quarter. Sterling Investment Advisors Ltd. raised its stake in shares of Waste Management by 11.9% during the third quarter. Sterling Investment Advisors Ltd. now owns 1,887 shares of the business services provider’s stock worth $417,000 after acquiring an additional 201 shares in the last quarter. Confluence Wealth Services Inc. boosted its stake in shares of Waste Management by 3.3% in the 3rd quarter. Confluence Wealth Services Inc. now owns 10,709 shares of the business services provider’s stock valued at $2,365,000 after purchasing an additional 344 shares in the last quarter. First National Advisers LLC raised its position in Waste Management by 2.6% in the 3rd quarter. First National Advisers LLC now owns 20,528 shares of the business services provider’s stock worth $4,533,000 after purchasing an additional 521 shares during the period. Finally, Vectors Research Management LLC boosted its position in Waste Management by 11.2% during the third quarter. Vectors Research Management LLC now owns 1,079 shares of the business services provider’s stock valued at $238,000 after buying an additional 109 shares during the period. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WM. Baird R W upgraded Waste Management from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. DZ Bank assumed coverage on Waste Management in a research note on Tuesday, November 25th. They set a “buy” rating and a $250.00 price objective for the company. Stifel Nicolaus cut their target price on shares of Waste Management from $252.00 to $236.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Citigroup dropped their price target on shares of Waste Management from $270.00 to $263.00 and set a “buy” rating for the company in a research report on Friday. Finally, Truist Financial set a $260.00 price objective on shares of Waste Management in a research report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Waste Management currently has an average rating of “Moderate Buy” and an average price target of $250.45.

Insider Buying and Selling at Waste Management

In other news, SVP Rafael Carrasco sold 1,380 shares of Waste Management stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $217.06, for a total value of $299,542.80. Following the completion of the transaction, the senior vice president owned 15,540 shares of the company’s stock, valued at $3,373,112.40. The trade was a 8.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by insiders.

Waste Management Stock Up 0.6%

NYSE:WM opened at $221.21 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.84 and a quick ratio of 0.80. The firm’s 50-day moving average price is $215.74 and its 200-day moving average price is $219.25. The company has a market capitalization of $89.12 billion, a PE ratio of 34.84, a P/E/G ratio of 2.46 and a beta of 0.59. Waste Management, Inc. has a 1-year low of $194.11 and a 1-year high of $242.58.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 27th. The business services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). Waste Management had a return on equity of 33.00% and a net margin of 10.35%.The business had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.51 billion. During the same quarter last year, the company posted $1.96 EPS. Waste Management’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities analysts predict that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, December 5th. Waste Management’s payout ratio is 51.97%.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.