Crabel Capital Management LLC Purchases New Position in Waste Management, Inc. (NYSE:WM)

Crabel Capital Management LLC bought a new position in shares of Waste Management, Inc. (NYSE:WM) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,031 shares of the business services provider’s stock, valued at approximately $315,000. Waste Management comprises approximately 0.3% of Crabel Capital Management LLC’s investment portfolio, making the stock its 24th largest holding.

A number of other large investors also recently made changes to their positions in the stock. Hancock Whitney Corp raised its position in shares of Waste Management by 0.8% in the 1st quarter. Hancock Whitney Corp now owns 12,367 shares of the business services provider’s stock worth $1,284,000 after acquiring an additional 94 shares in the last quarter. IFG Advisory LLC raised its position in shares of Waste Management by 2.1% in the 1st quarter. IFG Advisory LLC now owns 4,846 shares of the business services provider’s stock worth $503,000 after acquiring an additional 99 shares in the last quarter. CHICAGO TRUST Co NA raised its position in shares of Waste Management by 1.5% in the 1st quarter. CHICAGO TRUST Co NA now owns 6,933 shares of the business services provider’s stock worth $720,000 after acquiring an additional 100 shares in the last quarter. Welch & Forbes LLC raised its position in shares of Waste Management by 1.9% in the 1st quarter. Welch & Forbes LLC now owns 5,485 shares of the business services provider’s stock worth $570,000 after acquiring an additional 100 shares in the last quarter. Finally, Shepherd Financial Partners LLC raised its position in shares of Waste Management by 3.0% in the 1st quarter. Shepherd Financial Partners LLC now owns 3,476 shares of the business services provider’s stock worth $361,000 after acquiring an additional 102 shares in the last quarter. 73.71% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the company. KeyCorp lifted their price objective on Waste Management from $112.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Royal Bank of Canada raised Waste Management from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $113.00 to $125.00 in a research report on Monday, June 3rd. Stifel Nicolaus lifted their price objective on Waste Management from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd. Oppenheimer lifted their price objective on Waste Management from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Argus lifted their price objective on Waste Management from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $111.11.

Shares of WM opened at $113.65 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.69 and a quick ratio of 0.66. The stock has a market capitalization of $48.44 billion, a PE ratio of 27.06, a PEG ratio of 3.07 and a beta of 0.62. Waste Management, Inc. has a one year low of $79.96 and a one year high of $115.42.

Waste Management (NYSE:WM) last issued its earnings results on Thursday, April 25th. The business services provider reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.03. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.68 billion. Waste Management had a return on equity of 29.12% and a net margin of 12.43%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS. On average, sell-side analysts forecast that Waste Management, Inc. will post 4.3 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.5125 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $2.05 annualized dividend and a dividend yield of 1.80%. Waste Management’s dividend payout ratio is presently 48.81%.

In other Waste Management news, VP Michael J. Watson sold 700 shares of Waste Management stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $104.55, for a total transaction of $73,185.00. Following the completion of the transaction, the vice president now owns 9,518 shares in the company, valued at approximately $995,106.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John J. Morris sold 42,795 shares of Waste Management stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $106.38, for a total value of $4,552,532.10. Following the transaction, the executive vice president now owns 101,332 shares of the company’s stock, valued at approximately $10,779,698.16. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

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Waste Management Company 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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