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Best Waste Management Stocks To Add to Your Watchlist - November 6th

Waste Management logo with Industrials background
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Key Points

  • Waste Management, GFL Environmental, and Custom Truck One Source were identified as waste-management stocks to watch based on recent dollar trading volume.
  • On Friday, Waste Management shares fell $5.56 to $235.71, while GFL slipped $0.05 to $46.07; both traded below their recent highs.
  • Custom Truck One Source rose $0.07 to $9.37. The company supplies and rents specialty equipment to waste-management and other infrastructure industries.
  • Five stocks to consider instead of Waste Management.

Waste Management, GFL Environmental, and Custom Truck One Source are the three Waste Management stocks to watch today, according to MarketBeat's stock screener tool. Waste management stocks are shares of publicly traded companies that collect, transport, process, recycle, or dispose of waste, including household, commercial, and industrial waste. Investors often group them as an environmental services sector, whose companies may earn revenue through recurring collection contracts and services shaped by regulation and demand for recycling and disposal. These companies had the highest dollar trading volume of any Waste Management stocks within the last several days.

Waste Management (WM)

Waste Management, Inc., through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

NYSE WM traded down $5.56 during trading on Friday, hitting $235.71. The company had a trading volume of 1,307,743 shares, compared to its average volume of 2,204,546. The company's fifty day moving average is $219.02 and its 200-day moving average is $225.51. Waste Management has a one year low of $197.47 and a one year high of $248.13. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 2.21. The company has a market cap of $93.73 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 3.10 and a beta of 0.38.

Read Our Latest Research Report on WM

GFL Environmental (GFL)

GFL Environmental Inc. offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.

GFL Environmental stock traded down $0.05 during trading hours on Friday, hitting $46.07. 3,242,803 shares of the stock traded hands, compared to its average volume of 2,688,524. The company has a current ratio of 0.93, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03. GFL Environmental has a one year low of $33.33 and a one year high of $46.76. The company has a market cap of $16.62 billion, a PE ratio of -58.37, a PEG ratio of 3.47 and a beta of 0.68. The firm's 50-day moving average price is $43.08 and its two-hundred day moving average price is $40.90.

Read Our Latest Research Report on GFL

Custom Truck One Source (CTOS)

Custom Truck One Source, Inc. provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).

CTOS traded up $0.07 during trading on Friday, reaching $9.37. The stock had a trading volume of 412,519 shares, compared to its average volume of 991,529. The stock's 50 day moving average is $9.45 and its two-hundred day moving average is $8.91. The company has a current ratio of 1.28, a quick ratio of 0.25 and a debt-to-equity ratio of 2.01. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 71.88 and a beta of 1.46. Custom Truck One Source has a one year low of $5.18 and a one year high of $12.23.

Read Our Latest Research Report on CTOS

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