Global Financial Private Capital LLC lowered its position in Waste Management, Inc. (NYSE:WM) by 7.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,026 shares of the business services provider’s stock after selling 3,737 shares during the quarter. Global Financial Private Capital LLC’s holdings in Waste Management were worth $3,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Kiley Juergens Wealth Management LLC bought a new stake in Waste Management in the second quarter valued at approximately $100,000. Point72 Hong Kong Ltd lifted its position in Waste Management by 1,095.4% in the second quarter. Point72 Hong Kong Ltd now owns 1,303 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 1,194 shares during the last quarter. Braun Bostich & Associates Inc. lifted its position in Waste Management by 546.0% in the second quarter. Braun Bostich & Associates Inc. now owns 1,447 shares of the business services provider’s stock valued at $118,000 after purchasing an additional 1,223 shares during the last quarter. Vigilant Capital Management LLC lifted its position in Waste Management by 200.0% in the third quarter. Vigilant Capital Management LLC now owns 1,500 shares of the business services provider’s stock valued at $136,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in Waste Management by 113.8% in the third quarter. Rockefeller Capital Management L.P. now owns 1,518 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 808 shares during the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.
Shares of WM stock opened at $90.46 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.87 and a debt-to-equity ratio of 1.53. Waste Management, Inc. has a fifty-two week low of $78.33 and a fifty-two week high of $92.85. The company has a market capitalization of $37.45 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.78 and a beta of 0.64.
Waste Management (NYSE:WM) last announced its quarterly earnings data on Thursday, October 25th. The business services provider reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.04. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. Waste Management had a return on equity of 27.93% and a net margin of 15.60%. On average, equities analysts predict that Waste Management, Inc. will post 4.13 EPS for the current year.
Several brokerages have weighed in on WM. BMO Capital Markets reiterated a “buy” rating and issued a $93.00 price objective on shares of Waste Management in a research report on Thursday, July 26th. UBS Group set a $90.00 price objective on Waste Management and gave the company a “hold” rating in a research report on Friday, October 26th. ValuEngine upgraded Waste Management from a “hold” rating to a “buy” rating in a research report on Saturday, July 28th. Oppenheimer reiterated a “buy” rating and issued a $95.00 price objective on shares of Waste Management in a research report on Thursday, October 25th. Finally, Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Monday, October 29th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $95.50.
In related news, VP Jeff M. Harris sold 24,500 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $90.00, for a total transaction of $2,205,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by corporate insiders.
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About Waste Management
Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.
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