Global Retirement Partners LLC bought a new stake in Waste Management, Inc. (NYSE:WM – Free Report) in the second quarter, HoldingsChannel.com reports. The firm bought 8,010 shares of the business services provider’s stock, valued at approximately $1,785,000.
A number of other hedge funds have also bought and sold shares of the business. RHL Group LLC bought a new stake in Waste Management in the 4th quarter valued at about $29,000. Financial Network Wealth Advisors LLC raised its position in shares of Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after buying an additional 47 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in shares of Waste Management in the fourth quarter valued at approximately $29,000. JPL Wealth Management LLC acquired a new stake in Waste Management during the third quarter worth approximately $30,000. Finally, Main Street Group LTD bought a new position in Waste Management during the 1st quarter worth $31,000. 80.40% of the stock is owned by institutional investors.
Trending Headlines about Waste Management
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.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on WM
Waste Management Trading Up 0.7%
Shares of WM opened at $225.05 on Thursday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13. The firm has a market cap of $89.95 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 2.75 and a beta of 0.44. The business’s fifty day moving average is $227.84 and its 200-day moving average is $227.77.
Waste Management (NYSE:WM – Get Free Report) last announced 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 business had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the prior year, the company earned $1.92 EPS. Waste Management’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts anticipate that Waste Management, Inc. will post 8.14 EPS for the current fiscal year.
About Waste Management
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.
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