Waste Management, Inc. (NYSE:WM) Shares Bought by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV lifted its stake in shares of Waste Management, Inc. (NYSE:WM) by 15.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,618 shares of the business services provider’s stock after acquiring an additional 886 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Waste Management were worth $1,374,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WM. Trium Capital LLP boosted its holdings in Waste Management by 33.6% during the third quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock worth $2,498,000 after buying an additional 3,029 shares in the last quarter. Pinkerton Retirement Specialists LLC boosted its position in shares of Waste Management by 18.6% in the 1st quarter. Pinkerton Retirement Specialists LLC now owns 20,099 shares of the business services provider’s stock valued at $4,284,000 after purchasing an additional 3,145 shares during the period. Sunbelt Securities Inc. raised its holdings in Waste Management by 8.8% during the 1st quarter. Sunbelt Securities Inc. now owns 754 shares of the business services provider’s stock worth $161,000 after buying an additional 61 shares during the period. Norden Group LLC purchased a new stake in Waste Management during the first quarter valued at about $7,146,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Waste Management by 417.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock worth $720,000 after buying an additional 2,800 shares during the period. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

Shares of WM opened at $208.91 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03. Waste Management, Inc. has a one year low of $156.36 and a one year high of $225.00. The company’s fifty day moving average price is $208.70 and its 200 day moving average price is $208.54. The company has a market capitalization of $83.84 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 2.34 and a beta of 0.74.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share for the quarter, hitting the consensus estimate of $1.82. Waste Management had a return on equity of 39.52% and a net margin of 12.13%. The business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.43 billion. During the same quarter in the previous year, the firm earned $1.51 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is currently 47.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. The Goldman Sachs Group upgraded shares of Waste Management to a “strong-buy” rating in a research report on Friday, July 26th. Royal Bank of Canada decreased their target price on Waste Management from $215.00 to $204.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. StockNews.com downgraded Waste Management from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets reduced their price objective on Waste Management from $215.00 to $213.00 and set a “market perform” rating for the company in a research note on Friday, July 26th. Finally, Oppenheimer lowered their target price on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $218.89.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.