Intact Investment Management Inc. Has $3.89 Million Stock Holdings in Waste Management, Inc. $WM

Intact Investment Management Inc. grew its position in Waste Management, Inc. (NYSE:WM) by 19.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,600 shares of the business services provider’s stock after buying an additional 2,900 shares during the period. Intact Investment Management Inc.’s holdings in Waste Management were worth $3,887,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Syntegra Private Wealth Group LLC grew its stake in Waste Management by 2.0% in the second quarter. Syntegra Private Wealth Group LLC now owns 2,291 shares of the business services provider’s stock valued at $524,000 after acquiring an additional 44 shares during the period. Harbour Trust & Investment Management Co lifted its holdings in shares of Waste Management by 1.1% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 4,120 shares of the business services provider’s stock valued at $943,000 after purchasing an additional 45 shares in the last quarter. D.B. Root & Company LLC grew its position in shares of Waste Management by 3.0% in the 2nd quarter. D.B. Root & Company LLC now owns 1,603 shares of the business services provider’s stock valued at $367,000 after purchasing an additional 47 shares during the period. InTrack Investment Management Inc increased its stake in Waste Management by 0.8% during the 2nd quarter. InTrack Investment Management Inc now owns 5,856 shares of the business services provider’s stock worth $1,340,000 after purchasing an additional 49 shares in the last quarter. Finally, GW Henssler & Associates Ltd. raised its holdings in Waste Management by 1.0% during the 2nd quarter. GW Henssler & Associates Ltd. now owns 5,089 shares of the business services provider’s stock worth $1,164,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Insiders Place Their Bets

In other Waste Management news, SVP Rafael Carrasco sold 1,380 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $217.06, for a total transaction of $299,542.80. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Waste Management Price Performance

NYSE:WM opened at $230.41 on Tuesday. The stock has a market capitalization of $92.83 billion, a PE ratio of 36.29, a P/E/G ratio of 2.57 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. The firm has a fifty day simple moving average of $218.31 and a 200 day simple moving average of $219.17. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 2.36.

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

Waste Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, December 5th. Waste Management’s dividend payout ratio (DPR) is 51.97%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Waste Management from $238.00 to $246.00 and gave the company an “overweight” rating in a report on Friday. Morgan Stanley reduced their target price on shares of Waste Management from $232.00 to $230.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 17th. Sanford C. Bernstein lifted their price target on Waste Management from $255.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Royal Bank Of Canada cut their price target on Waste Management from $234.00 to $223.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. Finally, Scotiabank reiterated a “sector perform” rating and set a $250.00 price objective (down from $254.00) on shares of Waste Management in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $251.19.

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.