Waste Management (NYSE:WM - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued on Tuesday.
A number of other brokerages also recently issued reports on WM. HSBC downgraded Waste Management from a "buy" rating to a "hold" rating and set a $210.00 price target for the company. in a research report on Thursday, February 15th. Citigroup boosted their price target on shares of Waste Management from $215.00 to $226.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. raised their price objective on shares of Waste Management from $165.00 to $197.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. BMO Capital Markets increased their target price on Waste Management from $184.00 to $196.00 and gave the company a "market perform" rating in a research note on Wednesday, February 14th. Finally, Erste Group Bank raised Waste Management from a "hold" rating to a "buy" rating in a research note on Friday, December 22nd. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $204.85.
Read Our Latest Analysis on Waste Management
Waste Management Stock Performance
NYSE:WM traded down $0.22 on Tuesday, reaching $206.48. 1,780,678 shares of the company's stock were exchanged, compared to its average volume of 1,700,160. The firm has a market cap of $82.86 billion, a price-to-earnings ratio of 36.48, a P/E/G ratio of 3.14 and a beta of 0.72. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.90 and a quick ratio of 0.86. The stock has a fifty day simple moving average of $204.50 and a 200-day simple moving average of $182.47. Waste Management has a 52 week low of $149.71 and a 52 week high of $214.54.
Waste Management (NYSE:WM - Get Free Report) last posted its quarterly earnings results on Monday, February 12th. The business services provider reported $1.74 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.21. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.19 billion. Waste Management had a return on equity of 36.51% and a net margin of 11.28%. During the same period last year, the company earned $1.30 earnings per share. As a group, sell-side analysts predict that Waste Management will post 6.88 earnings per share for the current year.
Insider Transactions at Waste Management
In other news, EVP Charles C. Boettcher sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total transaction of $523,750.00. Following the completion of the transaction, the executive vice president now directly owns 29,677 shares of the company's stock, valued at $6,217,331.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Charles C. Boettcher sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total value of $523,750.00. Following the transaction, the executive vice president now owns 29,677 shares in the company, valued at approximately $6,217,331.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tara J. Hemmer sold 1,782 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $204.23, for a total transaction of $363,937.86. Following the sale, the senior vice president now owns 55,591 shares of the company's stock, valued at $11,353,349.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,242 shares of company stock valued at $5,929,355. Insiders own 0.27% of the company's stock.
Institutional Investors Weigh In On Waste Management
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in Waste Management by 534.5% during the 1st quarter. Acadian Asset Management LLC now owns 3,344 shares of the business services provider's stock valued at $530,000 after purchasing an additional 2,817 shares during the period. Blair William & Co. IL increased its holdings in Waste Management by 0.7% during the first quarter. Blair William & Co. IL now owns 53,067 shares of the business services provider's stock valued at $8,411,000 after buying an additional 370 shares during the period. Baird Financial Group Inc. raised its stake in Waste Management by 0.6% in the first quarter. Baird Financial Group Inc. now owns 358,624 shares of the business services provider's stock worth $56,842,000 after buying an additional 2,309 shares in the last quarter. Covestor Ltd lifted its holdings in Waste Management by 83.8% during the first quarter. Covestor Ltd now owns 680 shares of the business services provider's stock worth $108,000 after buying an additional 310 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of Waste Management by 44.8% in the 1st quarter. NewEdge Advisors LLC now owns 33,030 shares of the business services provider's stock valued at $5,234,000 after acquiring an additional 10,212 shares during the period. Hedge funds and other institutional investors own 80.40% of the company's stock.
Waste Management Company Profile
(
Get Free Report)
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.
Further Reading
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