Helios Capital Management PTE. Ltd. Invests $1.16 Million in Waste Management, Inc. $WM

Key Points

• Helios Capital Management acquired 5,200 Waste Management shares worth approximately $1.16 million, making WM about 1.1% of its portfolio. Institutional investors collectively own 80.4% of the company.
• Analysts maintain a favorable outlook, with 13 Buy ratings and seven Holds producing a “Moderate Buy” consensus and an average price target of $258.89.
• Waste Management exceeded quarterly EPS expectations, reporting $2.02 versus the $1.98 consensus, while revenue rose 4% year over year to $6.68 billion despite narrowly missing estimates.

Helios Capital Management PTE. Ltd. bought a new position in shares of Waste Management, Inc. (NYSE:WM - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,200 shares of the business services provider's stock, valued at approximately $1,159,000. Waste Management accounts for about 1.1% of Helios Capital Management PTE. Ltd.'s investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of WM. Elevated Capital Advisors LLC purchased a new position in Waste Management in the 4th quarter worth about $25,000. Financial Network Wealth Advisors LLC lifted its stake in Waste Management by 55.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider's stock valued at $29,000 after buying an additional 47 shares in the last quarter. RHL Group LLC acquired a new position in shares of Waste Management in the fourth quarter worth about $29,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Waste Management in the fourth quarter worth approximately $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Waste Management during the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 80.40% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on WM. Wells Fargo & Company decreased 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. UBS Group raised their target price on Waste Management from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. TD Cowen increased their price objective on Waste Management from $270.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Oppenheimer lowered their target price 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. Finally, Stifel Nicolaus increased their price target on shares of Waste Management from $252.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $258.89.

Waste Management Price Performance

NYSE WM opened at $223.71 on Wednesday. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The stock's 50-day moving average is $227.83 and its two-hundred day moving average is $227.75. The firm has a market cap of $89.42 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 2.76 and a beta of 0.44. 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 released its quarterly earnings results 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 company had revenue of $6.68 billion during 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 firm's revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 EPS. On average, 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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