Amalgamated Bank Sells 5,907 Shares of Waste Management, Inc. (NYSE:WM)

Amalgamated Bank lowered its stake in Waste Management, Inc. (NYSE:WM) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,107 shares of the business services provider’s stock after selling 5,907 shares during the quarter. Amalgamated Bank’s holdings in Waste Management were worth $17,213,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC lifted its holdings in Waste Management by 25.2% during the third quarter. FinTrust Capital Advisors LLC now owns 814 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 164 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Waste Management by 1.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 3,986 shares of the business services provider’s stock worth $608,000 after buying an additional 76 shares during the period. NorthRock Partners LLC increased its stake in Waste Management by 13.0% in the 3rd quarter. NorthRock Partners LLC now owns 3,281 shares of the business services provider’s stock worth $500,000 after buying an additional 378 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in Waste Management by 2.0% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 197,600 shares of the business services provider’s stock valued at $30,122,000 after acquiring an additional 3,900 shares during the period. Finally, BLB&B Advisors LLC lifted its position in shares of Waste Management by 5.7% in the third quarter. BLB&B Advisors LLC now owns 54,745 shares of the business services provider’s stock valued at $8,345,000 after acquiring an additional 2,941 shares in the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WM shares. BMO Capital Markets boosted their price target on Waste Management from $207.00 to $212.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Raymond James upped their target price on shares of Waste Management from $219.00 to $229.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Royal Bank of Canada lifted their price target on shares of Waste Management from $211.00 to $215.00 and gave the company a “sector perform” rating in a report on Friday, April 26th. StockNews.com raised shares of Waste Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 9th. Finally, Truist Financial boosted their target price on Waste Management from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $216.24.

Insiders Place Their Bets

In other news, VP Donald J. Smith sold 329 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $198.56, for a total value of $65,326.24. Following the completion of the sale, the vice president now owns 5,522 shares in the company, valued at approximately $1,096,448.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Donald J. Smith sold 329 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $198.56, for a total value of $65,326.24. Following the completion of the transaction, the vice president now directly owns 5,522 shares of the company’s stock, valued at approximately $1,096,448.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Devina A. Rankin sold 775 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $198.58, for a total value of $153,899.50. Following the sale, the chief financial officer now directly owns 75,204 shares in the company, valued at approximately $14,934,010.32. The disclosure for this sale can be found here. Insiders have sold 18,007 shares of company stock worth $3,696,520 in the last ninety days. 0.18% of the stock is owned by company insiders.

Waste Management Trading Up 0.3 %

Shares of NYSE WM traded up $0.72 during midday trading on Friday, hitting $207.88. The company’s stock had a trading volume of 2,219,746 shares, compared to its average volume of 1,683,213. The business’s 50 day moving average is $208.93 and its two-hundred day moving average is $188.30. Waste Management, Inc. has a 12-month low of $149.71 and a 12-month high of $214.54. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. The firm has a market cap of $83.38 billion, a P/E ratio of 34.02, a price-to-earnings-growth ratio of 2.70 and a beta of 0.72.

Waste Management (NYSE:WM) last issued its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The firm had revenue of $5.16 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same period in the previous year, the firm earned $1.31 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts expect that Waste Management, Inc. will post 7.26 EPS for the current year.

Waste Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.75 dividend. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, March 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.44%. Waste Management’s payout ratio is presently 49.10%.

About Waste Management

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.