Titan Investment Solutions Ltd Invests $12.78 Million in Waste Management, Inc. $WM

Titan Investment Solutions Ltd purchased a new position in shares of Waste Management, Inc. (NYSE:WM) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 58,159 shares of the business services provider’s stock, valued at approximately $12,778,000. Waste Management makes up 1.5% of Titan Investment Solutions Ltd’s investment portfolio, making the stock its 26th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WM. Elevated Capital Advisors LLC purchased a new stake in shares of Waste Management during the 4th quarter worth about $25,000. RHL Group LLC purchased a new stake in shares of Waste Management during the 4th quarter worth about $29,000. JPL Wealth Management LLC purchased a new stake in shares of Waste Management during the 3rd quarter worth about $30,000. Kelleher Financial Advisors acquired a new position in shares of Waste Management during the 4th quarter valued at about $31,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Waste Management during the 4th quarter valued at about $34,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Stock Performance

WM opened at $219.12 on Friday. The firm has a market capitalization of $87.99 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 2.29 and a beta of 0.45. The stock’s 50 day moving average price is $222.77 and its two-hundred day moving average price is $224.68. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 2.22. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13.

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

Waste Management Dividend Announcement

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

Analyst Ratings Changes

WM has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price objective on Waste Management from $235.00 to $240.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Robert W. Baird increased their price objective on Waste Management from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. increased their price objective on Waste Management from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Barclays increased their price objective on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, TD Cowen increased their price objective on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Fifteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $255.30.

Waste Management 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.