Clarius Group LLC Raises Stock Holdings in Waste Management, Inc. (NYSE:WM)

Clarius Group LLC boosted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 6.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,551 shares of the business services provider’s stock after purchasing an additional 165 shares during the quarter. Clarius Group LLC’s holdings in Waste Management were worth $293,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WM. Nuveen Asset Management LLC boosted its position in Waste Management by 6,950.1% during the second quarter. Nuveen Asset Management LLC now owns 3,763,123 shares of the business services provider’s stock worth $434,152,000 after purchasing an additional 3,709,746 shares in the last quarter. BlackRock Inc. boosted its position in Waste Management by 3.1% during the second quarter. BlackRock Inc. now owns 32,164,573 shares of the business services provider’s stock worth $3,710,826,000 after purchasing an additional 976,898 shares in the last quarter. Senator Investment Group LP purchased a new position in Waste Management during the second quarter worth approximately $79,028,000. California Public Employees Retirement System raised its holdings in shares of Waste Management by 17.3% during the second quarter. California Public Employees Retirement System now owns 3,395,778 shares of the business services provider’s stock valued at $391,771,000 after acquiring an additional 501,763 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Waste Management by 12.7% during the second quarter. Invesco Ltd. now owns 3,864,997 shares of the business services provider’s stock valued at $445,904,000 after acquiring an additional 435,062 shares during the last quarter. Institutional investors own 73.18% of the company’s stock.

WM has been the subject of a number of research analyst reports. Stifel Nicolaus set a $125.00 target price on Waste Management and gave the company a “buy” rating in a report on Monday. Oppenheimer reissued a “market perform” rating on shares of Waste Management in a report on Thursday, July 18th. Scotiabank initiated coverage on Waste Management in a report on Monday, July 22nd. They set an “outperform” rating for the company. Macquarie reissued an “outperform” rating and set a $130.00 target price on shares of Waste Management in a report on Wednesday, September 4th. Finally, Bank of America cut Waste Management from a “buy” rating to a “neutral” rating in a report on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Waste Management has a consensus rating of “Buy” and an average target price of $116.82.

In related news, SVP Tara J. Hmmer sold 4,739 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $118.04, for a total value of $559,391.56. Following the completion of the transaction, the senior vice president now directly owns 23,470 shares in the company, valued at $2,770,398.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael J. Watson sold 8,019 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $119.40, for a total value of $957,468.60. Following the completion of the transaction, the vice president now owns 17,254 shares of the company’s stock, valued at $2,060,127.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,347 shares of company stock valued at $1,585,155. Insiders own 0.14% of the company’s stock.

Shares of NYSE:WM traded down $1.84 during midday trading on Thursday, hitting $111.53. The company had a trading volume of 29,712 shares, compared to its average volume of 1,953,199. Waste Management, Inc. has a twelve month low of $83.22 and a twelve month high of $121.77. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.70 and a quick ratio of 1.66. The stock has a market cap of $49.60 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 3.23 and a beta of 0.61. The business’s 50-day simple moving average is $115.61 and its 200-day simple moving average is $113.34.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.14 by $0.05. Waste Management had a return on equity of 29.15% and a net margin of 11.49%. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter last year, the firm earned $1.15 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, sell-side analysts forecast that Waste Management, Inc. will post 4.32 EPS for the current year.

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.

Recommended Story: What is a blue-chip stock?

Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM).

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

Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.