Rydar Equities Inc. Has $3.28 Million Holdings in Waste Management, Inc. $WM

Rydar Equities Inc. lifted its position in Waste Management, Inc. (NYSE:WM) by 25.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,739 shares of the business services provider’s stock after buying an additional 2,828 shares during the quarter. Waste Management comprises approximately 1.8% of Rydar Equities Inc.’s holdings, making the stock its 12th biggest position. Rydar Equities Inc.’s holdings in Waste Management were worth $3,281,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC acquired a new stake in Waste Management in the fourth quarter valued at $25,000. Financial Network Wealth Advisors LLC increased its stake 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 purchasing an additional 47 shares during the last quarter. RHL Group LLC bought a new stake in shares of Waste Management in the 4th quarter valued at about $29,000. Mcguire Capital Advisors Inc. acquired a new stake in Waste Management in the 4th quarter valued at about $29,000. Finally, JPL Wealth Management LLC bought a new position in Waste Management during the third quarter worth about $30,000. 80.40% of the stock is owned by institutional investors.

Waste Management Trading Down 0.8%

Shares of WM stock opened at $224.44 on Friday. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13. The company has a market capitalization of $89.71 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 2.78 and a beta of 0.44. The firm has a 50 day moving average price of $227.53 and a two-hundred day moving average price of $227.90. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24.

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

Analyst Ratings Changes

WM has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce downgraded Waste Management from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Oppenheimer reduced their target price on Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Wells Fargo & Company decreased their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. UBS Group increased their price target on Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, Citigroup raised their price target on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.89.

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.