Robeco Institutional Asset Management B.V. Has $26.76 Million Stake in Waste Management, Inc. (NYSE:WM)

Robeco Institutional Asset Management B.V. lowered its position in shares of Waste Management, Inc. (NYSE:WM) by 11.4% during the fourth quarter, HoldingsChannel reports. The fund owned 132,613 shares of the business services provider’s stock after selling 16,997 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Waste Management were worth $26,760,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in Waste Management by 94,414.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock valued at $538,013,000 after acquiring an additional 2,588,842 shares in the last quarter. Swedbank AB grew its stake in shares of Waste Management by 67.2% during the 3rd quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after acquiring an additional 709,678 shares during the period. Parnassus Investments LLC raised its position in shares of Waste Management by 11.3% in the third quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock valued at $1,063,072,000 after purchasing an additional 520,096 shares during the period. Diamond Hill Capital Management Inc. lifted its position in shares of Waste Management by 32.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,801,842 shares of the business services provider’s stock worth $374,062,000 after acquiring an additional 437,613 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in Waste Management by 138.0% in the 3rd quarter. National Bank of Canada FI now owns 718,546 shares of the business services provider’s stock worth $149,168,000 after purchasing an additional 416,579 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Trading Up 6.2 %

Shares of Waste Management stock opened at $222.57 on Friday. The company has a market cap of $89.33 billion, a P/E ratio of 34.03, a price-to-earnings-growth ratio of 2.17 and a beta of 0.77. The firm has a 50-day simple moving average of $212.26 and a two-hundred day simple moving average of $211.28. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. Waste Management, Inc. has a fifty-two week low of $184.72 and a fifty-two week high of $230.39.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Waste Management had a net margin of 12.35% and a return on equity of 39.88%. As a group, equities analysts predict 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 paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. Waste Management’s payout ratio is presently 45.87%.

Analyst Upgrades and Downgrades

WM has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on Waste Management from $214.00 to $227.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group cut their price target on shares of Waste Management from $255.00 to $238.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. StockNews.com downgraded shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 4th. Truist Financial lifted their price objective on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets raised their price objective on shares of Waste Management from $213.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $231.39.

Insider Transactions at Waste Management

In other Waste Management news, Director Maryrose Sylvester sold 310 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

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.