3,413 Shares in Waste Management, Inc. $WM Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new stake in Waste Management, Inc. (NYSE:WM) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,413 shares of the business services provider’s stock, valued at approximately $761,000.

Several other hedge funds also recently modified their holdings of the company. Financial Network Wealth Advisors LLC boosted its position in Waste Management by 55.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after acquiring an additional 47 shares during the last quarter. RHL Group LLC acquired a new position in Waste Management in the 4th quarter valued at $29,000. Mcguire Capital Advisors Inc. acquired a new position in Waste Management in the 4th quarter valued at $29,000. JPL Wealth Management LLC purchased a new position in shares of Waste Management during the 3rd quarter worth $30,000. Finally, Main Street Group LTD acquired a new stake in shares of Waste Management during the first quarter worth $31,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WM shares. Royal Bank Of Canada upped their target price on Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. TD Cowen raised their price target on Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Canadian Imperial Bank of Commerce downgraded shares of Waste Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Barclays increased their price objective on shares of Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Stifel Nicolaus raised their target price on shares of Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $258.89.

Waste Management Stock Performance

Shares of NYSE:WM opened at $223.87 on Friday. The business’s 50-day simple moving average is $228.06 and its 200 day simple moving average is $227.76. The company has a market cap of $89.48 billion, a P/E ratio of 31.71, a PEG ratio of 2.83 and a beta of 0.44. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13.

Waste Management (NYSE:WM) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.04. The firm had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.Waste Management’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.92 EPS. On average, sell-side analysts forecast that Waste Management, Inc. will post 8.13 earnings per share for the current fiscal year.

Waste Management Company Profile

Waste Management, Inc (NYSE: WM) is a leading provider of integrated waste management and environmental services in North America. The company offers end-to-end solutions that span collection, transfer, disposal and recycling, along with landfill operations and related infrastructure. Headquartered in Houston, Texas, Waste Management serves a broad customer base that includes residential, commercial, industrial and municipal clients.

Core services include curbside and commercial waste collection, roll-off and temporary container services, materials recovery and recycling, and engineered landfill disposal.