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

Clarius Group LLC grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 9.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,790 shares of the business services provider’s stock after purchasing an additional 244 shares during the quarter. Clarius Group LLC’s holdings in Waste Management were worth $360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of WM. Norges Bank purchased a new stake in shares of Waste Management during the fourth quarter valued at $510,184,000. Stifel Financial Corp lifted its stake in Waste Management by 292.8% in the fourth quarter. Stifel Financial Corp now owns 2,186,378 shares of the business services provider’s stock worth $257,840,000 after acquiring an additional 1,629,791 shares during the period. Lazard Asset Management LLC lifted its stake in Waste Management by 31.2% in the fourth quarter. Lazard Asset Management LLC now owns 6,035,616 shares of the business services provider’s stock worth $711,778,000 after acquiring an additional 1,436,679 shares during the period. Wells Fargo & Company MN lifted its stake in Waste Management by 8.1% in the fourth quarter. Wells Fargo & Company MN now owns 6,350,430 shares of the business services provider’s stock worth $748,906,000 after acquiring an additional 477,574 shares during the period. Finally, Nordea Investment Management AB lifted its stake in Waste Management by 19.1% in the fourth quarter. Nordea Investment Management AB now owns 2,952,996 shares of the business services provider’s stock worth $348,247,000 after acquiring an additional 474,165 shares during the period. 71.42% of the stock is owned by hedge funds and other institutional investors.

Shares of WM opened at $140.34 on Tuesday. Waste Management, Inc. has a 52-week low of $94.13 and a 52-week high of $140.68. The company has a market capitalization of $59.24 billion, a PE ratio of 37.13, a price-to-earnings-growth ratio of 4.70 and a beta of 0.72. The stock has a fifty day simple moving average of $130.89 and a two-hundred day simple moving average of $119.70. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.39.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Tuesday, April 27th. The business services provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.02 billion. Waste Management had a return on equity of 25.84% and a net margin of 10.66%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $0.93 EPS. As a group, equities analysts anticipate that Waste Management, Inc. will post 3.84 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Friday, March 12th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.64%. This is an increase from Waste Management’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 11th. Waste Management’s dividend payout ratio (DPR) is presently 52.27%.

A number of brokerages have commented on WM. Morgan Stanley boosted their target price on shares of Waste Management from $121.00 to $133.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 28th. Raymond James increased their target price on Waste Management from $144.00 to $147.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. The Goldman Sachs Group assumed coverage on Waste Management in a research note on Tuesday, April 13th. They issued a “buy” rating and a $145.00 price objective for the company. Robert W. Baird downgraded Waste Management from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $128.00 to $122.00 in a research note on Tuesday, February 16th. Finally, BMO Capital Markets increased their price objective on Waste Management from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, April 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $129.77.

In related news, CAO Leslie K. Nagy sold 392 shares of the firm’s stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $111.33, for a total transaction of $43,641.36. Following the completion of the transaction, the chief accounting officer now directly owns 4,891 shares in the company, valued at approximately $544,515.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nikolaj H. Sjoqvist sold 1,391 shares of the firm’s stock in a transaction dated Friday, February 19th. The shares were sold at an average price of $111.51, for a total value of $155,110.41. Following the transaction, the senior vice president now owns 39,769 shares of the company’s stock, valued at $4,434,641.19. The disclosure for this sale can be found here. Insiders have sold a total of 31,382 shares of company stock valued at $3,731,129 over the last three months. Corporate insiders own 0.16% of the company’s stock.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. 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, 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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