Candriam Luxembourg S.C.A. Acquires 162,829 Shares of Waste Management, Inc. (NYSE:WM)

Candriam Luxembourg S.C.A. grew its holdings in Waste Management, Inc. (NYSE:WM) by 146.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,777 shares of the business services provider’s stock after purchasing an additional 162,829 shares during the period. Candriam Luxembourg S.C.A. owned approximately 0.06% of Waste Management worth $34,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of WM. Buckingham Capital Management Inc. raised its stake in Waste Management by 6.1% during the first quarter. Buckingham Capital Management Inc. now owns 25,094 shares of the business services provider’s stock worth $2,608,000 after buying an additional 1,453 shares during the last quarter. First Trust Advisors LP raised its stake in Waste Management by 51.3% during the first quarter. First Trust Advisors LP now owns 237,974 shares of the business services provider’s stock worth $24,728,000 after buying an additional 80,735 shares during the last quarter. Marshall Wace LLP bought a new position in Waste Management during the first quarter worth $890,000. Rockland Trust Co. raised its stake in Waste Management by 5.1% during the second quarter. Rockland Trust Co. now owns 3,534 shares of the business services provider’s stock worth $408,000 after buying an additional 171 shares during the last quarter. Finally, DNB Asset Management AS raised its stake in Waste Management by 6.5% during the second quarter. DNB Asset Management AS now owns 69,078 shares of the business services provider’s stock worth $7,970,000 after buying an additional 4,207 shares during the last quarter. 73.18% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on WM shares. Macquarie reissued an “outperform” rating and set a $130.00 target price on shares of Waste Management in a research note on Wednesday, September 4th. Royal Bank of Canada set a $126.00 price target on shares of Waste Management and gave the company a “buy” rating in a research note on Friday, July 26th. ValuEngine downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Oppenheimer reaffirmed a “market perform” rating on shares of Waste Management in a research note on Thursday, July 18th. Finally, Bank of America downgraded shares of Waste Management from a “buy” rating to a “neutral” rating in a research note on Friday. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $116.82.

In other news, SVP Tara J. Hmmer sold 4,739 shares of Waste Management stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $118.04, for a total transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael J. Watson sold 8,019 shares of Waste Management stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $119.40, for a total transaction of $957,468.60. Following 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. Insiders have sold 13,347 shares of company stock valued at $1,585,155 over the last quarter. Corporate insiders own 0.14% of the company’s stock.

WM traded down $0.40 during midday trading on Monday, hitting $116.65. The company had a trading volume of 13,301 shares, compared to its average volume of 1,871,340. Waste Management, Inc. has a 52 week low of $83.22 and a 52 week high of $121.77. The company has a quick ratio of 1.66, a current ratio of 1.70 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $49.33 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 3.14 and a beta of 0.61. The stock’s 50 day moving average price is $115.90 and its 200 day moving average price is $113.02.

Waste Management (NYSE:WM) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.04. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Waste Management had a net margin of 11.49% and a return on equity of 29.15%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $1.01 earnings per share. Research analysts predict that Waste Management, Inc. will post 4.32 EPS for the current year.

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 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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