Commerzbank Aktiengesellschaft FI Sells 68,355 Shares of Waste Management, Inc. $WM

Commerzbank Aktiengesellschaft FI lessened its stake in Waste Management, Inc. (NYSE:WM) by 52.6% during the second quarter, Holdings Channel reports. The firm owned 61,606 shares of the business services provider’s stock after selling 68,355 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Waste Management were worth $13,731,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WM. Citigroup boosted their price target on shares of Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Wells Fargo & Company decreased their price objective on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Canadian Imperial Bank of Commerce cut shares of 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 report on Wednesday, July 8th. Finally, Stifel Nicolaus increased their price target on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.89.

Waste Management Stock Performance

Shares of WM opened at $225.05 on Thursday. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. 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 stock’s fifty day moving average price is $227.84 and its two-hundred day moving average price is $227.77. The firm has a market cap of $89.95 billion, a PE ratio of 31.88, a PEG ratio of 2.75 and a beta of 0.44.

Waste Management (NYSE:WM) last posted its quarterly earnings results 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. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The company had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the company earned $1.92 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts forecast that Waste Management, Inc. will post 8.14 EPS for the current year.

More Waste Management News

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Waste Management has generated a 58.6% total stock gain over the past five years, reflecting the company’s defensive business profile and relatively consistent long-term performance. Its discounted-cash-flow valuation was described as approximately in line with the share price, which may support the view that the stock is not materially overvalued under cash-flow assumptions. Where Does Waste Management (WM) Value Sit After A 59% Gain?
• Neutral Sentiment: Recent “waste management stocks” coverage provides general sector context but does not identify a new development specific to Waste Management that would materially change its earnings outlook. Waste Management Stocks To Consider – August 15th
• Negative Sentiment: The valuation analysis flags a low value score and indicates that earnings-based multiples place WM at a premium. With the stock trading near its 50-day and 200-day averages and at a forward earnings valuation that is not inexpensive, concerns about limited upside or elevated valuation could weigh on investor enthusiasm.

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.