Natixis Advisors LLC Purchases 103,223 Shares of Waste Management, Inc. (NYSE:WM)

Natixis Advisors LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 24.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 521,137 shares of the business services provider’s stock after buying an additional 103,223 shares during the period. Natixis Advisors LLC owned 0.13% of Waste Management worth $108,188,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Twin Tree Management LP acquired a new stake in Waste Management in the first quarter valued at approximately $2,963,000. Nwam LLC grew its position in Waste Management by 11.5% during the first quarter. Nwam LLC now owns 3,413 shares of the business services provider’s stock valued at $720,000 after buying an additional 352 shares during the period. First Foundation Advisors raised its holdings in shares of Waste Management by 13.6% in the 1st quarter. First Foundation Advisors now owns 3,504 shares of the business services provider’s stock worth $747,000 after purchasing an additional 419 shares during the period. TIAA Trust National Association grew its stake in shares of Waste Management by 5.2% during the 1st quarter. TIAA Trust National Association now owns 19,675 shares of the business services provider’s stock worth $4,194,000 after acquiring an additional 966 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Waste Management by 235.3% in the first quarter. Acadian Asset Management LLC now owns 353,526 shares of the business services provider’s stock worth $75,341,000 after purchasing an additional 248,085 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. 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 report on Wednesday, October 30th. StockNews.com lowered shares of Waste Management from a “strong-buy” rating to a “buy” rating in a research report on Friday. Scotiabank assumed coverage on shares of Waste Management in a research note on Friday, October 4th. They issued a “sector perform” rating and a $220.00 target price on the stock. Robert W. Baird reduced their price target on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Finally, Truist Financial lifted their price objective on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and an average target price of $226.11.

Insiders Place Their Bets

In other news, Director Maryrose Sylvester sold 310 shares of Waste Management stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $215.47, for a total transaction of $66,795.70. Following the sale, the director now owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by corporate insiders.

Waste Management Stock Performance

WM opened at $217.90 on Friday. The company has a market cap of $87.46 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 2.38 and a beta of 0.74. The company’s 50 day moving average is $211.61 and its 200 day moving average is $209.67. Waste Management, Inc. has a 12-month low of $168.73 and a 12-month high of $226.84. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.00.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.07. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period in the previous year, the company posted $1.63 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Waste Management, Inc. will post 7.3 EPS for the current year.

Waste Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.75 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.00 annualized dividend and a dividend yield of 1.38%. Waste Management’s dividend payout ratio is presently 45.87%.

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.