Radnor Capital Management LLC Grows Holdings in Waste Management, Inc. (NYSE:WM)

Radnor Capital Management LLC grew its holdings in shares of Waste Management, Inc. (NYSE:WM) by 17.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,256 shares of the business services provider’s stock after buying an additional 3,130 shares during the quarter. Radnor Capital Management LLC’s holdings in Waste Management were worth $4,413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Trium Capital LLP lifted its stake in Waste Management by 33.6% during the third quarter. Trium Capital LLP now owns 12,031 shares of the business services provider’s stock worth $2,498,000 after purchasing an additional 3,029 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of Waste Management by 77.4% during the third quarter. J.W. Cole Advisors Inc. now owns 12,298 shares of the business services provider’s stock valued at $2,553,000 after purchasing an additional 5,367 shares during the period. Pinkerton Retirement Specialists LLC increased its holdings in shares of Waste Management by 18.6% during the first quarter. Pinkerton Retirement Specialists LLC now owns 20,099 shares of the business services provider’s stock valued at $4,284,000 after purchasing an additional 3,145 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Waste Management by 417.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,471 shares of the business services provider’s stock valued at $720,000 after purchasing an additional 2,800 shares during the period. Finally, Swedbank AB increased its holdings in shares of Waste Management by 67.2% during the third quarter. Swedbank AB now owns 1,765,594 shares of the business services provider’s stock valued at $366,537,000 after purchasing an additional 709,678 shares during the period. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Trading Up 0.8 %

NYSE WM opened at $215.88 on Wednesday. The firm’s fifty day simple moving average is $209.58 and its 200-day simple moving average is $209.00. 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, Inc. has a 1-year low of $167.78 and a 1-year high of $225.00. The company has a market capitalization of $86.65 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 2.26 and a beta of 0.74.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Monday, October 28th. The business services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.89 by $0.07. The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.51 billion. Waste Management had a return on equity of 39.88% and a net margin of 12.35%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.63 EPS. As a group, sell-side analysts anticipate that Waste Management, Inc. will post 7.31 earnings per share for the current fiscal year.

Waste Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Friday, September 13th. Waste Management’s dividend payout ratio is 45.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WM shares. William Blair started coverage on Waste Management in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. JPMorgan Chase & Co. raised their price target on Waste Management from $213.00 to $219.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group raised Waste Management to a “strong-buy” rating in a report on Friday, July 26th. Robert W. Baird lowered 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. Finally, Truist Financial lifted their target price on Waste Management from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $226.11.

Insiders Place Their Bets

In related news, Director Maryrose Sylvester sold 310 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 3,875 shares of the company’s stock, valued at approximately $834,946.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

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.