Boston Common Asset Management LLC Has $12.46 Million Stock Position in Waste Management, Inc. $WM

Boston Common Asset Management LLC grew its stake in Waste Management, Inc. (NYSE:WM - Free Report) by 12.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,895 shares of the business services provider's stock after purchasing an additional 6,391 shares during the period. Boston Common Asset Management LLC's holdings in Waste Management were worth $12,458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of WM. Envestnet Portfolio Solutions Inc. grew its position in Waste Management by 6.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 53,766 shares of the business services provider's stock valued at $11,983,000 after acquiring an additional 3,232 shares during the period. Sky Investment Group LLC boosted its stake in shares of Waste Management by 1.1% in the 2nd quarter. Sky Investment Group LLC now owns 11,824 shares of the business services provider's stock valued at $2,635,000 after purchasing an additional 125 shares in the last quarter. Rydar Equities Inc. boosted its stake in shares of Waste Management by 25.9% in the 2nd quarter. Rydar Equities Inc. now owns 13,739 shares of the business services provider's stock valued at $3,281,000 after purchasing an additional 2,828 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Waste Management by 9.2% in the 2nd quarter. IFP Advisors Inc now owns 12,427 shares of the business services provider's stock worth $2,770,000 after purchasing an additional 1,049 shares during the last quarter. Finally, FLC Capital Advisors increased its position in shares of Waste Management by 16.9% during the 2nd quarter. FLC Capital Advisors now owns 1,557 shares of the business services provider's stock worth $347,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup boosted their price target on shares of Waste Management from $263.00 to $269.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Stifel Nicolaus lifted their target price on shares of Waste Management from $252.00 to $261.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. TD Cowen boosted their target price on Waste Management from $270.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Weiss Ratings raised Waste Management from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, August 7th. Finally, Oppenheimer reduced their price objective on Waste Management from $264.00 to $263.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 8th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $258.89.

Waste Management Price Performance

WM opened at $224.44 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. The stock has a market capitalization of $89.71 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 2.78 and a beta of 0.44. The company's 50 day simple moving average is $227.53 and its 200-day simple moving average is $227.90. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13.

Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.04. The firm had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.92 EPS. Sell-side analysts anticipate that Waste Management, Inc. will post 8.14 earnings per share for the current fiscal year.

Waste Management Profile

Waste Management, Inc NYSE: WM is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.

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