Orser Capital Management LLC Reduces Position in Waste Management, Inc. (NYSE:WM)

Orser Capital Management LLC reduced its holdings in Waste Management, Inc. (NYSE:WM) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,736 shares of the business services provider’s stock after selling 60 shares during the period. Waste Management makes up 1.6% of Orser Capital Management LLC’s holdings, making the stock its 18th biggest position. Orser Capital Management LLC’s holdings in Waste Management were worth $2,166,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Aberdeen Wealth Management LLC increased its stake in shares of Waste Management by 1.1% in the 3rd quarter. Aberdeen Wealth Management LLC now owns 4,130 shares of the business services provider’s stock worth $857,000 after acquiring an additional 45 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its position in Waste Management by 3.9% during the third quarter. Signature Estate & Investment Advisors LLC now owns 1,239 shares of the business services provider’s stock worth $257,000 after purchasing an additional 46 shares during the last quarter. Benchmark Financial Wealth Advisors LLC raised its stake in Waste Management by 1.9% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,631 shares of the business services provider’s stock worth $546,000 after purchasing an additional 49 shares during the period. Balboa Wealth Partners boosted its holdings in Waste Management by 4.1% in the 3rd quarter. Balboa Wealth Partners now owns 1,233 shares of the business services provider’s stock valued at $256,000 after purchasing an additional 49 shares during the last quarter. Finally, Werlinich Asset Management LLC grew its stake in shares of Waste Management by 1.2% in the 3rd quarter. Werlinich Asset Management LLC now owns 4,385 shares of the business services provider’s stock valued at $910,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Trading Up 0.5 %

WM opened at $208.16 on Thursday. The business has a fifty day moving average price of $214.44 and a 200 day moving average price of $211.25. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.89 and a quick ratio of 0.85. Waste Management, Inc. has a 12 month low of $180.17 and a 12 month high of $230.39. The stock has a market capitalization of $83.55 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.10 and a beta of 0.77.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 earnings per share. Sell-side analysts expect that Waste Management, Inc. will post 7.3 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.75 dividend. The ex-dividend date was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.44%. Waste Management’s payout ratio is 45.87%.

Insider Transactions at Waste Management

In other news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WM shares. Royal Bank of Canada upped their price objective on Waste Management from $204.00 to $220.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Truist Financial increased their price target on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. William Blair began coverage on shares of Waste Management in a report on Thursday, October 3rd. They issued an “outperform” rating on the stock. Scotiabank began coverage on shares of Waste Management in a research note on Friday, October 4th. They set a “sector perform” rating and a $220.00 target price for the company. Finally, UBS Group boosted their price target on shares of Waste Management from $220.00 to $226.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.72.

About Waste Management

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.