Aigen Investment Management LP Sells 6,146 Shares of Waste Management, Inc. (NYSE:WM)

Aigen Investment Management LP lessened its stake in Waste Management, Inc. (NYSE:WMFree Report) by 83.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,250 shares of the business services provider’s stock after selling 6,146 shares during the period. Aigen Investment Management LP’s holdings in Waste Management were worth $224,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in WM. Quent Capital LLC increased its holdings in Waste Management by 7.3% during the fourth quarter. Quent Capital LLC now owns 810 shares of the business services provider’s stock valued at $145,000 after buying an additional 55 shares during the last quarter. Drake & Associates LLC grew its stake in shares of Waste Management by 3.4% during the 4th quarter. Drake & Associates LLC now owns 1,652 shares of the business services provider’s stock valued at $296,000 after acquiring an additional 55 shares during the period. Alpha Cubed Investments LLC increased its holdings in Waste Management by 2.9% in the 4th quarter. Alpha Cubed Investments LLC now owns 1,973 shares of the business services provider’s stock worth $353,000 after acquiring an additional 56 shares in the last quarter. Peoples Financial Services CORP. lifted its holdings in Waste Management by 1.7% during the fourth quarter. Peoples Financial Services CORP. now owns 3,459 shares of the business services provider’s stock valued at $620,000 after purchasing an additional 57 shares in the last quarter. Finally, FCA Corp TX boosted its position in shares of Waste Management by 1.0% in the fourth quarter. FCA Corp TX now owns 5,594 shares of the business services provider’s stock worth $1,002,000 after purchasing an additional 57 shares during the period. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Trading Down 0.3 %

Shares of WM opened at $208.81 on Tuesday. Waste Management, Inc. has a twelve month low of $149.71 and a twelve month high of $214.54. The company has a market cap of $83.75 billion, a P/E ratio of 34.18, a P/E/G ratio of 2.57 and a beta of 0.72. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. The company’s fifty day simple moving average is $209.44 and its 200-day simple moving average is $194.27.

Waste Management (NYSE:WMGet Free Report) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.23. The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.31 earnings per share. As a group, analysts expect that Waste Management, Inc. will post 7.31 EPS for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, June 7th. Waste Management’s dividend payout ratio is presently 49.10%.

Insider Buying and Selling

In related news, EVP Charles C. Boettcher sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total value of $523,750.00. Following the transaction, the executive vice president now owns 29,677 shares of the company’s stock, valued at approximately $6,217,331.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WM shares. StockNews.com upgraded shares of Waste Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 9th. BMO Capital Markets raised their price objective on Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Royal Bank of Canada boosted their target price on Waste Management from $211.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Friday, April 26th. HSBC downgraded Waste Management from a “buy” rating to a “hold” rating and set a $210.00 price objective on the stock. in a research note on Thursday, February 15th. Finally, Morgan Stanley increased their price objective on shares of Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $217.61.

View Our Latest Research Report on WM

Waste Management Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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