Sustainable Insight Capital Management LLC Sells 1,070 Shares of Waste Management, Inc. (NYSE:WM)

Sustainable Insight Capital Management LLC decreased its position in Waste Management, Inc. (NYSE:WM) by 12.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,700 shares of the business services provider’s stock after selling 1,070 shares during the period. Sustainable Insight Capital Management LLC’s holdings in Waste Management were worth $1,643,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Hexagon Capital Partners LLC boosted its position in shares of Waste Management by 170.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 75 shares in the last quarter. Sachetta LLC acquired a new position in Waste Management in the fourth quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Waste Management during the 2nd quarter worth approximately $31,000. Opal Wealth Advisors LLC bought a new stake in shares of Waste Management in the 1st quarter valued at $35,000. Finally, DSM Capital Partners LLC acquired a new position in shares of Waste Management during the 4th quarter valued at $38,000. Institutional investors own 80.40% of the company’s stock.

Wall Street Analysts Forecast Growth

WM has been the subject of a number of research reports. StockNews.com cut shares of Waste Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft began coverage on Waste Management in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $241.00 target price for the company. Oppenheimer cut their price target on Waste Management from $229.00 to $224.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Erste Group Bank restated a “hold” rating on shares of Waste Management in a report on Friday, June 14th. Finally, Robert W. Baird cut their target price on Waste Management from $226.00 to $216.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $215.83.

Insiders Place Their Bets

In other news, VP Michael J. Watson sold 1,500 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $220.00, for a total transaction of $330,000.00. Following the completion of the transaction, the vice president now owns 44,144 shares in the company, valued at approximately $9,711,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Waste Management Stock Down 1.8 %

Shares of NYSE:WM opened at $204.74 on Friday. Waste Management, Inc. has a 1 year low of $149.71 and a 1 year high of $225.00. The company has a market capitalization of $82.12 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 2.34 and a beta of 0.74. The business has a fifty day moving average price of $209.43 and a two-hundred day moving average price of $208.68. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.07 and a quick ratio of 1.03.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.82. Waste Management had a net margin of 12.13% and a return on equity of 39.52%. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter last year, the company posted $1.51 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts forecast that Waste Management, Inc. will post 7.24 earnings per share for the current year.

Waste Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, September 13th. Waste Management’s dividend payout ratio (DPR) is 49.10%.

Waste Management Company 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.