Danske Bank A S purchased a new position in Waste Management, Inc. (NYSE:WM – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 655,297 shares of the business services provider’s stock, valued at approximately $146,053,000. Danske Bank A S owned about 0.16% of Waste Management at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. RHL Group LLC acquired a new position in Waste Management in the 4th quarter worth about $29,000. Financial Network Wealth Advisors LLC lifted its holdings 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 valued at $29,000 after buying an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new stake in shares of Waste Management in the 4th quarter valued at approximately $29,000. JPL Wealth Management LLC acquired a new position in Waste Management in the third quarter worth approximately $30,000. Finally, Main Street Group LTD acquired a new position in Waste Management in the first quarter worth approximately $31,000. Institutional investors and hedge funds own 80.40% of the company’s stock.
Waste Management Trading Up 0.0%
Waste Management stock opened at $225.17 on Friday. The business’s 50-day simple moving average is $227.96 and its 200-day simple moving average is $227.79. Waste Management, Inc. has a 52 week low of $194.11 and a 52 week high of $248.13. The firm has a market capitalization of $90.00 billion, a PE ratio of 31.89, a PEG ratio of 2.77 and a beta of 0.44. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports 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. Royal Bank Of Canada increased their price target on shares of Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Citigroup raised their price target on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Oppenheimer decreased their price objective on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a report on Wednesday, July 8th. Finally, Scotiabank raised their target price on Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, July 16th. 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $258.89.
Check Out Our Latest Stock Report on WM
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.
Featured Articles
- Five stocks we like better than Waste Management
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Receive News & Ratings for Waste Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waste Management and related companies with MarketBeat.com's FREE daily email newsletter.
