Waste Management, Inc. (NYSE:WM) had its price target boosted by analysts at KeyCorp from $80.00 to $84.00 in a note issued to investors on Friday. The brokerage presently has an “overweight” rating on the business services provider’s stock. KeyCorp’s price target suggests a potential upside of 9.20% from the stock’s current price.

A number of other brokerages have also weighed in on WM. Zacks Investment Research lowered shares of Waste Management from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Oppenheimer Holdings, Inc. boosted their price objective on shares of Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, July 5th. BMO Capital Markets initiated coverage on shares of Waste Management in a report on Thursday, June 29th. They issued an “outperform” rating and a $81.00 price objective for the company. Bank of America Corporation decreased their price objective on shares of Waste Management from $85.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, October 5th. Finally, Stifel Nicolaus boosted their price objective on shares of Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Waste Management has an average rating of “Hold” and a consensus price target of $78.74.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.81 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.81. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same period in the previous year, the business earned $0.74 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis.

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In other Waste Management news, Director Patrick W. Gross sold 487 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total transaction of $36,369.16. Following the completion of the sale, the director now directly owns 23,222 shares in the company, valued at approximately $1,734,218.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John C. Pope sold 453 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $74.38, for a total transaction of $33,694.14. Following the sale, the director now owns 51,470 shares of the company’s stock, valued at $3,828,338.60. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Waste Management by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 34,374,879 shares of the business services provider’s stock valued at $2,521,397,000 after buying an additional 1,621,347 shares during the last quarter. BlackRock Inc. raised its stake in Waste Management by 4.9% during the 2nd quarter. BlackRock Inc. now owns 31,637,903 shares of the business services provider’s stock valued at $2,320,637,000 after buying an additional 1,475,583 shares during the last quarter. State Street Corp raised its stake in Waste Management by 0.6% during the 1st quarter. State Street Corp now owns 21,287,562 shares of the business services provider’s stock valued at $1,552,295,000 after buying an additional 134,152 shares during the last quarter. AQR Capital Management LLC raised its stake in Waste Management by 10.2% during the 1st quarter. AQR Capital Management LLC now owns 5,614,368 shares of the business services provider’s stock valued at $409,399,000 after buying an additional 518,270 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in Waste Management by 7,400.8% during the 2nd quarter. Janus Henderson Group PLC now owns 4,317,825 shares of the business services provider’s stock valued at $316,712,000 after buying an additional 4,260,260 shares during the last quarter. Institutional investors and hedge funds own 74.93% of the company’s stock.

About Waste Management

Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.

Analyst Recommendations for Waste Management (NYSE:WM)

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