Waste Management, Inc. $WM Position Cut by Sapient Capital LLC

Sapient Capital LLC lowered its holdings in shares of Waste Management, Inc. (NYSE:WM) by 2.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,258 shares of the business services provider’s stock after selling 2,320 shares during the period. Sapient Capital LLC’s holdings in Waste Management were worth $17,219,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WM. Elevated Capital Advisors LLC acquired a new stake in Waste Management in the fourth quarter worth about $25,000. RHL Group LLC acquired a new position in Waste Management during the 4th quarter valued at about $29,000. Financial Network Wealth Advisors LLC raised its position in shares of Waste Management by 55.3% during the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after buying an additional 47 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in shares of Waste Management during the 4th quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Waste Management in the 3rd quarter worth approximately $30,000. Institutional investors own 80.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on WM. Barclays raised their price objective on shares of Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Scotiabank increased their price target on Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday, July 16th. Citigroup boosted their price objective on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. UBS Group upped their price objective on Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, Stifel Nicolaus raised their target price on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Waste Management has a consensus rating of “Moderate Buy” and a consensus target price of $258.89.

Waste Management Stock Up 0.0%

WM stock opened at $227.74 on Monday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. The firm has a market capitalization of $91.03 billion, a P/E ratio of 32.26, a P/E/G ratio of 2.80 and a beta of 0.44. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The company’s 50 day simple moving average is $226.69 and its 200-day simple moving average is $227.91.

Waste Management (NYSE:WM) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.04. The firm had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.92 EPS. As a group, equities research analysts anticipate that Waste Management, Inc. will post 8.14 EPS for the current year.

Waste Management 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.