Oddo BHF Asset Management Sas Makes New Investment in Waste Management, Inc. (NYSE:WM)

Oddo BHF Asset Management Sas purchased a new stake in shares of Waste Management, Inc. (NYSE:WM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,045 shares of the business services provider’s stock, valued at approximately $1,878,000.

A number of other large investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC grew its position in shares of Waste Management by 94,414.4% during the 3rd quarter. International Assets Investment Management LLC now owns 2,591,584 shares of the business services provider’s stock valued at $538,013,000 after acquiring an additional 2,588,842 shares during the period. Wulff Hansen & CO. increased its position in Waste Management by 20,402.6% in the second quarter. Wulff Hansen & CO. now owns 868,080 shares of the business services provider’s stock worth $185,196,000 after buying an additional 863,846 shares in the last quarter. Swedbank AB raised its stake in shares of Waste Management by 67.2% in the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock worth $366,537,000 after buying an additional 709,678 shares during the period. Los Angeles Capital Management LLC raised its stake in Waste Management by 248.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 984,774 shares of the business services provider’s stock worth $210,092,000 after acquiring an additional 702,188 shares during the period. Finally, Parnassus Investments LLC boosted its position in shares of Waste Management by 11.3% in the third quarter. Parnassus Investments LLC now owns 5,120,772 shares of the business services provider’s stock worth $1,063,072,000 after purchasing an additional 520,096 shares during the period. 80.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WM. Stifel Nicolaus upped their price objective on Waste Management from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada upped their target price on shares of Waste Management from $204.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Truist Financial increased their target price on Waste Management from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Argus lifted their price target on Waste Management from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets upped their price objective on Waste Management from $213.00 to $220.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Ten investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and an average target price of $230.72.

Waste Management Price Performance

Shares of WM opened at $213.24 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.85 and a current ratio of 0.89. The business’s 50-day moving average is $217.66 and its two-hundred day moving average is $211.40. Waste Management, Inc. has a fifty-two week low of $173.01 and a fifty-two week high of $230.39. The company has a market capitalization of $85.59 billion, a P/E ratio of 32.61, a P/E/G ratio of 2.26 and a beta of 0.75.

Waste Management (NYSE:WM) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.07. The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a net margin of 12.35% and a return on equity of 39.88%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 EPS. Research analysts predict that Waste Management, Inc. will post 7.31 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. Waste Management’s dividend payout ratio (DPR) is 45.87%.

Insider Buying and Selling

In related news, Director Maryrose Sylvester sold 310 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $215.47, for a total value of $66,795.70. Following the transaction, the director now owns 3,875 shares in the company, valued at $834,946.25. The trade was a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.