Signition LP bought a new stake in Waste Management, Inc. (NYSE:WM) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,521 shares of the business services provider’s stock, valued at approximately $449,000.

Other large investors have also made changes to their positions in the company. Gables Capital Management Inc. purchased a new stake in shares of Waste Management in the first quarter valued at about $102,000. Kiley Juergens Wealth Management LLC purchased a new position in Waste Management during the second quarter worth about $100,000. Bruderman Asset Management LLC purchased a new position in Waste Management during the first quarter worth about $127,000. Rainier Group Investment Advisory LLC purchased a new position in Waste Management during the first quarter worth about $135,000. Finally, Trust Department MB Financial Bank N A purchased a new position in Waste Management during the second quarter worth about $138,000. 75.34% of the stock is owned by institutional investors and hedge funds.

NYSE WM opened at $89.94 on Friday. The stock has a market cap of $38.60 billion, a P/E ratio of 27.93, a PEG ratio of 1.85 and a beta of 0.73. Waste Management, Inc. has a 52-week low of $74.61 and a 52-week high of $90.71. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.75 and a quick ratio of 0.72.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Wednesday, July 25th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.02. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Waste Management had a net margin of 14.94% and a return on equity of 27.38%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. sell-side analysts predict that Waste Management, Inc. will post 4.08 EPS for the current fiscal year.

In other Waste Management news, Director Patrick W. Gross sold 406 shares of the company’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $83.22, for a total transaction of $33,787.32. Following the transaction, the director now directly owns 24,149 shares in the company, valued at $2,009,679.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.30% of the company’s stock.

Several research firms recently issued reports on WM. Zacks Investment Research cut shares of Waste Management from a “hold” rating to a “sell” rating in a report on Saturday, June 30th. ValuEngine raised shares of Waste Management from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. Finally, BMO Capital Markets reissued a “buy” rating and set a $93.00 price target on shares of Waste Management in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $91.22.

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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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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