Susquehanna Fundamental Investments LLC Has $72.18 Million Stock Position in Waste Management, Inc. $WM

Susquehanna Fundamental Investments LLC lifted its stake in Waste Management, Inc. (NYSE:WM) by 150.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,863 shares of the business services provider’s stock after purchasing an additional 194,591 shares during the quarter. Waste Management comprises approximately 1.4% of Susquehanna Fundamental Investments LLC’s holdings, making the stock its 5th largest position. Susquehanna Fundamental Investments LLC owned 0.08% of Waste Management worth $72,183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bey Douglas LLC increased its holdings in shares of Waste Management by 3.7% in the 4th quarter. Bey Douglas LLC now owns 1,233 shares of the business services provider’s stock worth $271,000 after purchasing an additional 44 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its position in shares of Waste Management by 1.9% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 2,398 shares of the business services provider’s stock valued at $527,000 after buying an additional 45 shares during the last quarter. Physician Wealth Advisors Inc. increased its holdings in Waste Management by 10.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 485 shares of the business services provider’s stock worth $111,000 after buying an additional 45 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in Waste Management by 0.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 6,348 shares of the business services provider’s stock worth $1,395,000 after buying an additional 46 shares during the last quarter. Finally, Cornerstone Advisory LLC lifted its stake in Waste Management by 1.6% during the 1st quarter. Cornerstone Advisory LLC now owns 2,973 shares of the business services provider’s stock valued at $683,000 after acquiring an additional 46 shares during the period. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Weiss Ratings cut shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. Oppenheimer cut their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Canadian Imperial Bank of Commerce cut Waste Management from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, Stifel Nicolaus lifted their price objective on Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.89.

Waste Management Trading Up 0.1%

Shares of NYSE:WM opened at $219.88 on Monday. The stock has a 50 day moving average of $228.60 and a 200 day moving average of $227.59. The company has a market cap of $87.89 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.77 and a beta of 0.44. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. The company had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.92 EPS. As a group, equities research analysts expect that Waste Management, Inc. will post 8.13 EPS for the current year.

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.945 per share. The ex-dividend date is Friday, September 11th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 1.7%. Waste Management’s payout ratio is 53.54%.

Waste Management 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.