5,200 Shares in Waste Management, Inc. $WM Bought by Helios Capital Management PTE. Ltd.

Helios Capital Management PTE. Ltd. bought a new position in shares of Waste Management, Inc. (NYSE:WM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,200 shares of the business services provider’s stock, valued at approximately $1,159,000. Waste Management comprises 1.1% of Helios Capital Management PTE. Ltd.’s portfolio, making the stock its 19th largest position.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada increased their price objective on Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Stifel Nicolaus upped their target price on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. UBS Group increased their price target on shares of Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Barclays boosted 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, Oppenheimer reduced their target price on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Waste Management currently has a consensus rating of “Moderate Buy” and an average price target of $258.89.

Waste Management Stock Down 0.1%

Shares of WM opened at $223.71 on Wednesday. The company has a market capitalization of $89.42 billion, a P/E ratio of 31.69, a PEG ratio of 2.76 and a beta of 0.44. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The business’s 50 day simple moving average is $227.83 and its 200-day simple moving average is $227.75. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87.

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, beating analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The firm had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the firm posted $1.92 EPS. The business’s revenue was up 4.0% on a year-over-year basis. As a group, sell-side analysts predict that Waste Management, Inc. will post 8.14 EPS for the current fiscal year.

About Waste Management

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.