Handelsbanken Fonder AB boosted its holdings in shares of Waste Management, Inc. (NYSE:WM - Free Report) by 10.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 242,318 shares of the business services provider's stock after purchasing an additional 22,896 shares during the period. Handelsbanken Fonder AB owned about 0.06% of Waste Management worth $54,008,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Elevated Capital Advisors LLC acquired a new position in shares of Waste Management during the 4th quarter worth $25,000. RHL Group LLC acquired a new stake in Waste Management in the fourth quarter valued at about $29,000. Financial Network Wealth Advisors LLC grew its position in 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 valued at $29,000 after acquiring an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in Waste Management during the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC bought a new position in shares of Waste Management in the third quarter worth about $30,000. Institutional investors own 80.40% of the company's stock.
Waste Management Stock Performance
Waste Management stock opened at $226.73 on Wednesday. The business has a 50 day moving average of $227.27 and a 200-day moving average of $227.95. The company has a market capitalization of $90.63 billion, a P/E ratio of 32.11, a P/E/G ratio of 2.78 and a beta of 0.44. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87.
Waste Management (NYSE:WM - Get Free Report) last posted its earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the company earned $1.92 EPS. The firm's revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts predict that Waste Management, Inc. will post 8.14 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Waste Management from $240.00 to $244.00 and gave the company a "sector perform" rating in a research note on Thursday, July 30th. Wells Fargo & Company dropped their price objective on shares of Waste Management from $273.00 to $268.00 and set an "overweight" rating for the company in a research note on Thursday, April 30th. Robert W. Baird raised their target price on shares of Waste Management from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Thursday, April 16th. Scotiabank boosted their target price on shares of Waste Management from $250.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 16th. Finally, Canadian Imperial Bank of Commerce cut Waste Management from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. Thirteen investment 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $258.89.
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Waste Management Profile
(
Free Report)
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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