Deutsche Bank AG Grows Position in Waste Management, Inc. $WM

Deutsche Bank AG lifted its position in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 8.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,207,477 shares of the business services provider's stock after purchasing an additional 166,458 shares during the quarter. Deutsche Bank AG owned 0.55% of Waste Management worth $492,002,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. RHL Group LLC acquired a new stake in Waste Management during the fourth quarter valued at $29,000. Financial Network Wealth Advisors LLC raised its position in shares of Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider's stock worth $29,000 after acquiring an additional 47 shares during the period. Mcguire Capital Advisors Inc. purchased a new stake in shares of Waste Management during the 4th quarter worth about $29,000. JPL Wealth Management LLC purchased a new stake in shares of Waste Management during the 3rd quarter worth about $30,000. Finally, Main Street Group LTD acquired a new stake in shares of Waste Management during the 1st quarter valued at about $31,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management News Summary

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Waste Management has generated a 58.6% total stock gain over the past five years, reflecting the company’s defensive business profile and relatively consistent long-term performance. Its discounted-cash-flow valuation was described as approximately in line with the share price, which may support the view that the stock is not materially overvalued under cash-flow assumptions. Where Does Waste Management (WM) Value Sit After A 59% Gain?
• Neutral Sentiment: Recent “waste management stocks” coverage provides general sector context but does not identify a new development specific to Waste Management that would materially change its earnings outlook. Waste Management Stocks To Consider - August 15th
• Negative Sentiment: The valuation analysis flags a low value score and indicates that earnings-based multiples place WM at a premium. With the stock trading near its 50-day and 200-day averages and at a forward earnings valuation that is not inexpensive, concerns about limited upside or elevated valuation could weigh on investor enthusiasm.

Waste Management Trading Up 0.7%

WM stock opened at $225.05 on Thursday. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The business's 50-day moving average is $227.84 and its 200 day moving average is $227.77. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. The stock has a market cap of $89.95 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 2.75 and a beta of 0.44.

Waste Management (NYSE:WM - Get Free Report) last announced its earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.04. The business had revenue of $6.68 billion during the quarter, compared to analysts' expectations 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 was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.92 earnings per share. On average, sell-side analysts anticipate that Waste Management, Inc. will post 8.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. UBS Group upped their price target on Waste Management from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Canadian Imperial Bank of Commerce cut Waste Management from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 29th. Weiss Ratings raised Waste Management from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, August 7th. TD Cowen increased their target price on Waste Management from $270.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Finally, Scotiabank lifted their price target on shares of Waste Management from $250.00 to $260.00 and gave the company a "sector perform" rating in a research note on Thursday, July 16th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Waste Management presently has an average rating of "Moderate Buy" and an average price target of $258.89.

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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