CIBC reissued their market perform rating on shares of Waste Management (NYSE:WM) in a research note published on Thursday morning, FirstToMarketsRatingsTable reports.
A number of other research firms also recently commented on WM. Stifel Nicolaus started coverage on AAR in a research report on Monday, July 8th. They set a buy rating and a $50.00 target price for the company. Oppenheimer reiterated a market perform rating on shares of Waste Management in a research report on Thursday. KeyCorp downgraded Luxfer from an overweight rating to a sector weight rating and set a $24.30 target price for the company. in a research report on Monday, June 3rd. UBS Group reiterated a hold rating on shares of Deutsche Bank in a research report on Thursday, April 4th. Finally, Royal Bank of Canada set a €67.00 ($77.91) target price on Daimler and gave the company a buy rating in a research report on Monday, June 3rd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Waste Management currently has an average rating of Buy and an average price target of $111.67.
Shares of WM opened at $116.79 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.66 and a current ratio of 0.69. Waste Management has a 1 year low of $81.01 and a 1 year high of $118.89. The firm’s 50 day moving average is $115.21. The stock has a market cap of $50.11 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 3.20 and a beta of 0.62.
Waste Management (NYSE:WM) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.03. Waste Management had a net margin of 12.43% and a return on equity of 29.12%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same period last year, the firm posted $0.91 EPS. The company’s revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts expect that Waste Management will post 4.31 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a dividend of $0.5125 per share. The ex-dividend date was Thursday, June 6th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.76%. Waste Management’s dividend payout ratio is currently 48.81%.
In related news, Director Patrick W. Gross sold 289 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $118.61, for a total value of $34,278.29. Following the completion of the sale, the director now directly owns 53,378 shares in the company, valued at $6,331,164.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO James C. Fish, Jr. sold 84,314 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $116.51, for a total value of $9,823,424.14. Following the completion of the sale, the chief executive officer now owns 282,921 shares of the company’s stock, valued at $32,963,125.71. The disclosure for this sale can be found here. Insiders have sold a total of 128,098 shares of company stock valued at $14,483,420 over the last quarter. Corporate insiders own 0.14% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of WM. Executive Wealth Management LLC bought a new stake in Waste Management in the fourth quarter worth $26,000. Washington Trust Bank bought a new stake in Waste Management in the first quarter worth $28,000. Joseph P. Lucia & Associates LLC bought a new stake in Waste Management in the first quarter worth $31,000. Hanson McClain Inc. lifted its position in shares of Waste Management by 51.0% during the first quarter. Hanson McClain Inc. now owns 302 shares of the business services provider’s stock worth $31,000 after purchasing an additional 102 shares during the last quarter. Finally, TCI Wealth Advisors Inc. lifted its position in shares of Waste Management by 108.9% during the first quarter. TCI Wealth Advisors Inc. now owns 376 shares of the business services provider’s stock worth $39,000 after purchasing an additional 196 shares during the last quarter. Institutional investors own 73.61% of the company’s stock.
Waste Management Company Profile
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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