RB Capital Management LLC Has $3.13 Million Holdings in Waste Management, Inc. (NYSE:WM)

RB Capital Management LLC lessened its position in Waste Management, Inc. (NYSE:WM) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 17,478 shares of the business services provider’s stock after selling 137 shares during the quarter. Waste Management makes up about 0.9% of RB Capital Management LLC’s investment portfolio, making the stock its 27th biggest position. RB Capital Management LLC’s holdings in Waste Management were worth $3,130,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of Waste Management by 1.3% in the fourth quarter. Victory Capital Management Inc. now owns 234,770 shares of the business services provider’s stock valued at $42,047,000 after buying an additional 2,962 shares in the last quarter. Cannell & Co. lifted its stake in shares of Waste Management by 179.0% during the fourth quarter. Cannell & Co. now owns 4,045 shares of the business services provider’s stock valued at $724,000 after acquiring an additional 2,595 shares during the period. Parthenon LLC raised its holdings in Waste Management by 3.8% during the 4th quarter. Parthenon LLC now owns 2,595 shares of the business services provider’s stock worth $465,000 after purchasing an additional 95 shares during the last quarter. Alpha Cubed Investments LLC boosted its stake in shares of Waste Management by 2.9% in the 4th quarter. Alpha Cubed Investments LLC now owns 1,973 shares of the business services provider’s stock valued at $353,000 after purchasing an additional 56 shares during the last quarter. Finally, MONECO Advisors LLC raised its stake in shares of Waste Management by 13.2% during the fourth quarter. MONECO Advisors LLC now owns 4,275 shares of the business services provider’s stock worth $766,000 after buying an additional 500 shares during the last quarter. 80.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WM has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective on shares of Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Royal Bank of Canada upped their target price on shares of Waste Management from $211.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Friday, April 26th. Citigroup increased their price objective on Waste Management from $215.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Robert W. Baird upped their price target on Waste Management from $214.00 to $222.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, StockNews.com raised Waste Management from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 9th. Ten equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Waste Management has an average rating of “Moderate Buy” and an average price target of $216.24.

Waste Management Trading Down 0.6 %

NYSE:WM traded down $1.26 during trading hours on Wednesday, hitting $206.76. 1,343,104 shares of the company were exchanged, compared to its average volume of 1,674,145. The company has a fifty day simple moving average of $208.88 and a 200 day simple moving average of $188.04. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. Waste Management, Inc. has a one year low of $149.71 and a one year high of $214.54. The stock has a market capitalization of $82.93 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 2.80 and a beta of 0.72.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $1.31 EPS. Sell-side analysts expect that Waste Management, Inc. will post 7.19 EPS for the current fiscal year.

Waste Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.75 per share. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, March 14th. Waste Management’s payout ratio is currently 49.10%.

Insider Transactions at Waste Management

In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total transaction of $523,750.00. Following the completion of the transaction, the executive vice president now directly owns 29,677 shares of the company’s stock, valued at $6,217,331.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Charles C. Boettcher sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total transaction of $523,750.00. Following the completion of the transaction, the executive vice president now directly owns 29,677 shares in the company, valued at approximately $6,217,331.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles C. Boettcher sold 3,275 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $199.49, for a total value of $653,329.75. Following the completion of the transaction, the executive vice president now owns 36,403 shares in the company, valued at $7,262,034.47. The disclosure for this sale can be found here. Insiders sold a total of 18,007 shares of company stock worth $3,696,520 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

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.