10,320 Shares in Waste Management (WM) Acquired by Becker Capital Management Inc.

Becker Capital Management Inc. purchased a new stake in shares of Waste Management (NYSE:WM) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,320 shares of the business services provider’s stock, valued at approximately $868,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WM. BlackRock Inc. increased its stake in shares of Waste Management by 0.5% in the 4th quarter. BlackRock Inc. now owns 32,153,839 shares of the business services provider’s stock worth $2,774,876,000 after purchasing an additional 155,373 shares in the last quarter. Geode Capital Management LLC increased its stake in Waste Management by 10.9% in the 4th quarter. Geode Capital Management LLC now owns 4,374,435 shares of the business services provider’s stock worth $376,732,000 after buying an additional 428,690 shares in the last quarter. APG Asset Management N.V. increased its stake in Waste Management by 74.7% in the 4th quarter. APG Asset Management N.V. now owns 4,222,539 shares of the business services provider’s stock worth $303,469,000 after buying an additional 1,805,408 shares in the last quarter. Renaissance Technologies LLC increased its stake in Waste Management by 15.5% in the 4th quarter. Renaissance Technologies LLC now owns 3,808,600 shares of the business services provider’s stock worth $328,682,000 after buying an additional 511,700 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Waste Management by 2.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,124,886 shares of the business services provider’s stock worth $269,677,000 after buying an additional 69,553 shares in the last quarter. 77.07% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities research analysts have issued reports on WM shares. Zacks Investment Research lowered Waste Management from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. UBS upgraded Waste Management from a “market perform” rating to an “outperform” rating in a research note on Friday, February 16th. Raymond James upgraded Waste Management from a “market perform” rating to an “outperform” rating and set a $95.00 price target for the company in a research note on Friday, February 16th. Finally, BMO Capital Markets cut their price target on Waste Management from $97.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, April 20th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $90.89.

Shares of WM stock opened at $83.32 on Friday. Waste Management has a 52-week low of $83.14 and a 52-week high of $83.58. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $35.83 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 1.71 and a beta of 0.70.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Friday, April 20th. The business services provider reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.09. The firm had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.57 billion. Waste Management had a return on equity of 26.73% and a net margin of 14.06%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. analysts expect that Waste Management will post 4.02 EPS for the current year.

In other news, VP Jeff M. Harris sold 60,088 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $86.67, for a total transaction of $5,207,826.96. Following the completion of the transaction, the vice president now owns 80,203 shares in the company, valued at $6,951,194.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James C. Fish, Jr. sold 2,159 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $84.08, for a total value of $181,528.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,055 shares of company stock valued at $10,057,579. Company insiders own 0.30% of the company’s stock.

About Waste Management

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.

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

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