GSA Capital Partners LLP Buys New Position in Waste Management, Inc. $WM

GSA Capital Partners LLP acquired a new stake in Waste Management, Inc. (NYSE:WM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,076 shares of the business services provider’s stock, valued at approximately $686,000.

A number of other institutional investors have also added to or reduced their stakes in WM. RHL Group LLC bought a new stake in shares of Waste Management in the 4th quarter worth approximately $29,000. Financial Network Wealth Advisors LLC boosted its stake in shares of 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 purchasing an additional 47 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in Waste Management during the fourth quarter worth about $29,000. JPL Wealth Management LLC bought a new stake in Waste Management during the 3rd quarter worth approximately $30,000. Finally, Main Street Group LTD bought a new stake in shares of Waste Management during the first quarter worth $31,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Canadian Imperial Bank of Commerce cut shares of Waste Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Barclays raised their target price on Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. UBS Group upped their price objective on shares of Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Stifel Nicolaus increased their target price on Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings raised Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 7th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.89.

Waste Management Trading Up 0.7%

WM stock opened at $225.05 on Thursday. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The stock has a market cap of $89.95 billion, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 2.75 and a beta of 0.44. The company has a fifty day moving average price of $227.84 and a two-hundred day moving average price of $227.77. 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 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. 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 for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter last year, the business earned $1.92 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts anticipate that Waste Management, Inc. will post 8.14 EPS for the current year.

Waste Management News Summary

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.