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Connor Clark & Lunn Investment Management Ltd. Has $32.13 Million Position in Waste Management, Inc. (NYSE:WM)

Connor Clark & Lunn Investment Management Ltd. Has $32.13 Million Position in Waste Management, Inc. (NYSE:WM)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Waste Management, Inc. (NYSE:WM – Get Rating) by 400.1{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,555 shares of the business services provider’s stock after purchasing an additional 160,450 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Waste Management were worth $32,131,000 at the end of the most recent quarter.

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A number of other hedge funds also recently modified their holdings of WM. Acadian Asset Management LLC raised its position in shares of Waste Management by 534.5{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the first quarter. Acadian Asset Management LLC now owns 3,344 shares of the business services provider’s stock worth $530,000 after purchasing an additional 2,817 shares during the period. Blair William & Co. IL grew its holdings in shares of Waste Management by 0.7{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the first quarter. Blair William & Co. IL now owns 53,067 shares of the business services provider’s stock worth $8,411,000 after buying an additional 370 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Waste Management by 0.6{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the first quarter. Baird Financial Group Inc. now owns 358,624 shares of the business services provider’s stock worth $56,842,000 after buying an additional 2,309 shares in the last quarter. Covestor Ltd grew its holdings in shares of Waste Management by 83.8{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the first quarter. Covestor Ltd now owns 680 shares of the business services provider’s stock worth $108,000 after buying an additional 310 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Waste Management by 44.8{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} during the first quarter. NewEdge Advisors LLC now owns 33,030 shares of the business services provider’s stock worth $5,234,000 after buying an additional 10,212 shares in the last quarter. Institutional investors and hedge funds own 78.48{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the company’s stock.

Analyst Ratings Changes

WM has been the subject of a number of research reports. BMO Capital Markets decreased their price objective on Waste Management from $167.00 to $158.00 and set a “market perform” rating for the company in a report on Thursday, February 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Waste Management from $157.00 to $151.00 and set a “hold” rating for the company in a report on Monday, February 6th. Oppenheimer decreased their price target on Waste Management to $169.00 in a research note on Thursday, October 20th. UBS Group downgraded Waste Management from a “buy” rating to a “neutral” rating and decreased their price target for the company from $190.00 to $165.00 in a research note on Tuesday, January 10th. Finally, Jefferies Financial Group upgraded Waste Management from a “hold” rating to a “buy” rating and raised their price target for the company from $170.00 to $191.00 in a research note on Tuesday, October 25th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Waste Management currently has an average rating of “Hold” and a consensus target price of $168.00.

Insider Activity at Waste Management

In related news, Director John C. Pope sold 218 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $154.76, for a total value of $33,737.68. Following the completion of the sale, the director now directly owns 55,809 shares in the company, valued at approximately $8,637,000.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of the stock is currently owned by corporate insiders.

Waste Management Stock Performance

Shares of NYSE WM traded up $1.79 during midday trading on Friday, hitting $154.07. 1,721,869 shares of the company’s stock were exchanged, compared to its average volume of 1,755,956. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.12. Waste Management, Inc. has a 12 month low of $138.58 and a 12 month high of $175.98. The company’s 50 day moving average price is $157.01 and its 200 day moving average price is $162.26. The firm has a market capitalization of $62.88 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.30 and a beta of 0.72.

Waste Management (NYSE:WM – Get Rating) last issued its earnings results on Wednesday, February 1st. The business services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Waste Management had a return on equity of 32.91{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} and a net margin of 11.36{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. The business had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The business’s revenue was up 5.5{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} compared to the same quarter last year. As a group, analysts predict that Waste Management, Inc. will post 6.09 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be paid a $0.70 dividend. The ex-dividend date is Thursday, March 9th. This is an increase from Waste Management’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 1.82{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. Waste Management’s payout ratio is 48.24{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}.

Waste Management announced that its board has initiated a stock buyback plan on Thursday, December 8th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the business services provider to purchase up to 2.2{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Waste Management Profile

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Waste Management, Inc is a holding company, which engages in the provision of waste management environmental services. It operates through the following segments: Tier 1, Tier 2, and Tier 3. The Tier 1 segment consists of areas in the Southern United States. The Tier 2 segment consists of areas located in the Midwest and Northeast United States.

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Want to see what other hedge funds are holding WM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waste Management, Inc. (NYSE:WM – Get Rating).

Institutional Ownership by Quarter for Waste Management (NYSE:WM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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Solomon Partners Hires Connor Mitchell and Michael

Solomon Partners Hires Connor Mitchell and Michael

NEW YORK and CHICAGO, Sept. 07, 2022 (Globe NEWSWIRE) — Solomon Companions, a major monetary advisory company and independently operated affiliate of Natixis, has hired Connor Mitchell and Michael Vinciguerra as Controlling Administrators in its Business Products and services Team.

“Business Expert services is a substantial advancement sector and we are growing this team to serve sub-sectors in the sector,” claimed Solomon Partners CEO Marc Cooper. “Since setting up the group a very little more than a year in the past, we’ve rapidly achieved top market share in the Facility and Household Expert services place. With Connor and Mike onboard, we’ll be in a position to expand our advisory solutions and approach to incorporate a lot more expertise to this staff. Considering that forming our partnership with Natixis in 2016, Solomon Partners has grown from 35 to more than 150 bankers and expanded to over 14 discrete industry verticals and we continue to look for new paths for expansion.”

Both equally Mr. Mitchell and Mr. Vinciguerra report to Tim Shea, Head of Small business Products and services. Recognized in August 2021, the firm’s most just lately designed team has expanded promptly and now consists of 15 bankers, like 4 Running Directors. Year-to-day the Business Companies Group has closed 9 transactions and has a sturdy backlog of offers in the sector and coming to market by means of calendar year-conclusion.

Mr. Mitchell will include Human Money and Skilled Services. He joins Solomon from FocalPoint Associates in which he was a Running Director in their Company Expert services practice. Throughout his 11-year tenure, he also co-founded and expanded FocalPoint’s Chicago workplace.

Mr. Vinciguerra will be foremost attempts in Environmental and Industrial Providers. He has about 16 decades of working experience advising non-public, public, and personal equity shoppers on mergers and acquisitions and non-public money raises. Prior to becoming a member of Solomon, he served as a Managing Director and Principal at Brown Gibbons Lang within just the Environmental and Industrial Services Group.

“We’re thrilled to welcome Connor and Mike to the Company Solutions Group to direct protection of Human Capital Products and services and Environmental and Industrial Solutions, respectively,” Mr. Shea said. “Connor and Mike characterize the next stage of our advancement: selecting bankers with a powerful M&A monitor document and imagined management to build out coverage of added sectors in company providers,” he extra. “We are also actively recruiting a lot more senior sector heads and bankers throughout all degrees.”

Around the training course of his 15-year occupation, Mr. Mitchell has recommended clients throughout the most lively Human Capital and Professional Companies sub-sectors, which includes Qualified Staffing, Healthcare Staffing, Consulting and Small business Approach Outsourcing. Pick current transactions include the sale of 8020 Consulting to ShoreView Industries and The World Group’s (portfolio enterprise of Odyssey Expenditure Associates) acquisition of Strive Consulting. He retains a BSc in Finance from the Richard T. Farmer College of Enterprise at Miami University (Ohio).

Mr. Mitchell reported, “I am thrilled to be joining a firm identified for offering unmatched marketplace understanding in the sectors it handles. The swift development of the Business Services crew demonstrates Solomon’s determination to the industry exercise and I am seeking ahead to contributing my practical experience in the Human Capital and Experienced Solutions sector.”

Mr. Vinciguerra has encouraged on more than 70 transactions, like about 45 accomplished M&A transactions in the Environmental and Industrial Products and services sector. Pick out modern transactions consist of the sale of Veolia’s Canadian Industrial Cleaning Division to Ortec Group the recapitalization of Keter Environmental Services by TPG Expansion and the sale of Brace Industrial Team, a Sterling Partners portfolio company, to BrandSafway, a portfolio firm of Clayton, Dubilier, & Rice and Brookfield. He retains a BS from the Kelley Faculty of Business at Indiana University.

“I am pleased to be part of a rapidly rising staff with large momentum,” Mr. Vinciguerra claimed. “The firm’s culture of establishing true knowledge in sectors aligns effectively with how I try out to increase value to clientele. I seem forward to incorporating my deep expertise and practical experience in the Environmental and Industrial Products and services sector to the Solomon platform.”

About Solomon Associates

Established in 1989, Solomon Partners, earlier recognised as PJ SOLOMON, is a major money advisory agency with a legacy as just one of the oldest unbiased expenditure financial institutions. Our change is unmatched sector understanding in the sectors we cover, creating remarkable benefit with unrivaled knowledge for our consumers. We recommend clientele on mergers, acquisitions, divestitures, restructurings, recapitalizations, funds marketplaces methods and activism defense throughout a assortment of industries. Solomon Partners is an independently operated affiliate of Natixis, part of Groupe BPCE. For further more data, pay a visit to solomonpartners.com.

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