WINTON GROUP Ltd Makes New $833,000 Investment in Waste Management, Inc. $WM

WINTON GROUP Ltd purchased a new position in Waste Management, Inc. (NYSE:WM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,790 shares of the business services provider’s stock, valued at approximately $833,000.

A number of other large investors have also recently made changes to their positions in WM. Norges Bank bought a new stake in Waste Management during the fourth quarter valued at about $1,022,916,000. Capital International Investors boosted its position in shares of Waste Management by 218.3% during the third quarter. Capital International Investors now owns 1,369,805 shares of the business services provider’s stock valued at $302,494,000 after buying an additional 939,455 shares during the period. Holocene Advisors LP boosted its position in shares of Waste Management by 163.7% during the third quarter. Holocene Advisors LP now owns 1,400,701 shares of the business services provider’s stock valued at $309,317,000 after buying an additional 869,453 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Waste Management by 2.1% in the third quarter. Vanguard Group Inc. now owns 38,436,462 shares of the business services provider’s stock valued at $8,487,924,000 after purchasing an additional 774,255 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Waste Management by 3,209.2% in the third quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock valued at $150,466,000 after purchasing an additional 660,776 shares during the period. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Up 2.3%

Shares of NYSE WM opened at $221.12 on Wednesday. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.93 and a quick ratio of 0.89. The company has a 50 day simple moving average of $223.34 and a 200-day simple moving average of $224.65. The company has a market capitalization of $88.80 billion, a P/E ratio of 32.00, a P/E/G ratio of 2.26 and a beta of 0.45.

Waste Management (NYSE:WM) last posted its earnings results on Tuesday, April 28th. The business services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the firm earned $1.67 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts predict that Waste Management, Inc. will post 8.15 earnings per share for the current year.

Waste Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be given a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, June 5th. Waste Management’s dividend payout ratio (DPR) is currently 54.70%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen upped their price target on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. increased their price target on Waste Management from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Robert W. Baird increased their target price on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Waste Management in a research note on Wednesday, May 27th. Finally, Barclays increased their price objective on shares of Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Waste Management has an average rating of “Moderate Buy” and a consensus price target of $255.30.

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.