Waste Management (WM) Upgraded to “Buy” by Stifel Nicolaus

Waste Management (NYSE:WM) was upgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report issued on Monday, The Fly reports.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Monday, December 31st. UBS Group raised Waste Management from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $103.00 in a report on Thursday, January 10th. KeyCorp initiated coverage on shares of Waste Management in a research report on Monday, February 4th. They set an “overweight” rating and a $96.00 price target for the company. Finally, Oppenheimer lifted their price target on shares of Waste Management from $95.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, February 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $101.71.

NYSE:WM traded up $1.81 during trading hours on Monday, reaching $103.61. 1,347,764 shares of the stock were exchanged, compared to its average volume of 1,867,872. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 1.53. Waste Management has a twelve month low of $79.96 and a twelve month high of $104.80. The stock has a market capitalization of $42.71 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67.

Waste Management (NYSE:WM) last released its quarterly earnings results on Thursday, February 14th. The business services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.07. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Waste Management had a return on equity of 29.43% and a net margin of 12.91%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, sell-side analysts expect that Waste Management will post 4.37 EPS for the current fiscal year.

In other Waste Management news, CFO Devina A. Rankin sold 692 shares of Waste Management stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $98.80, for a total value of $68,369.60. Following the completion of the sale, the chief financial officer now directly owns 22,128 shares of the company’s stock, valued at approximately $2,186,246.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patrick W. Gross sold 365 shares of the business’s stock in a transaction on Thursday, January 17th. The shares were sold at an average price of $93.03, for a total transaction of $33,955.95. Following the sale, the director now directly owns 53,058 shares of the company’s stock, valued at $4,935,985.74. The disclosure for this sale can be found here. Insiders sold a total of 4,092 shares of company stock valued at $402,648 over the last ninety days. 0.30% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in WM. CHICAGO TRUST Co NA lifted its holdings in Waste Management by 1.5% in the 1st quarter. CHICAGO TRUST Co NA now owns 6,933 shares of the business services provider’s stock worth $720,000 after buying an additional 100 shares in the last quarter. RB Capital Management LLC grew its position in shares of Waste Management by 4.2% during the fourth quarter. RB Capital Management LLC now owns 2,746 shares of the business services provider’s stock worth $244,000 after purchasing an additional 110 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of Waste Management by 36.1% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 415 shares of the business services provider’s stock worth $37,000 after purchasing an additional 110 shares in the last quarter. Winch Advisory Services LLC grew its position in shares of Waste Management by 17.3% during the fourth quarter. Winch Advisory Services LLC now owns 772 shares of the business services provider’s stock worth $69,000 after purchasing an additional 114 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC grew its position in shares of Waste Management by 0.7% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 15,687 shares of the business services provider’s stock worth $1,396,000 after purchasing an additional 114 shares in the last quarter. 75.74% of the stock is owned by institutional investors.

Waste Management Company Profile

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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