Nisa Investment Advisors LLC Has $9.49 Million Position in Waste Management, Inc. (WM)

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Nisa Investment Advisors LLC lessened its holdings in Waste Management, Inc. (NYSE:WM) by 11.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,983 shares of the business services provider’s stock after selling 13,315 shares during the period. Nisa Investment Advisors LLC’s holdings in Waste Management were worth $9,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sabal Trust CO acquired a new stake in shares of Waste Management in the 3rd quarter worth about $26,754,000. First Hawaiian Bank raised its holdings in shares of Waste Management by 712.5% in the 3rd quarter. First Hawaiian Bank now owns 24,433 shares of the business services provider’s stock worth $2,207,000 after acquiring an additional 21,426 shares during the last quarter. Bartlett & Co. LLC raised its holdings in shares of Waste Management by 6.9% in the 3rd quarter. Bartlett & Co. LLC now owns 103,762 shares of the business services provider’s stock worth $9,376,000 after acquiring an additional 6,680 shares during the last quarter. Kessler Investment Group LLC raised its holdings in shares of Waste Management by 16,065.8% in the 3rd quarter. Kessler Investment Group LLC now owns 12,771 shares of the business services provider’s stock worth $1,154,000 after acquiring an additional 12,692 shares during the last quarter. Finally, MainStreet Investment Advisors LLC raised its holdings in shares of Waste Management by 1.7% in the 3rd quarter. MainStreet Investment Advisors LLC now owns 68,081 shares of the business services provider’s stock worth $6,152,000 after acquiring an additional 1,136 shares during the last quarter. Institutional investors own 74.71% of the company’s stock.

Shares of WM stock opened at $90.44 on Friday. Waste Management, Inc. has a 52-week low of $77.14 and a 52-week high of $92.85. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $38.64 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 1.85 and a beta of 0.70.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Wednesday, July 25th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.02. Waste Management had a net margin of 14.94% and a return on equity of 27.38%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the firm posted $0.81 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts expect that Waste Management, Inc. will post 4.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Friday, September 7th were given a $0.465 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Thursday, September 6th. Waste Management’s payout ratio is 57.76%.

A number of equities research analysts recently weighed in on WM shares. BMO Capital Markets restated a “buy” rating and issued a $93.00 target price on shares of Waste Management in a report on Thursday, July 26th. Zacks Investment Research upgraded shares of Waste Management from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Friday. Finally, ValuEngine upgraded shares of Waste Management from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Waste Management has a consensus rating of “Buy” and an average price target of $94.00.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

Read More: What Factors Can Affect Return on Equity?

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

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