Waste Management, Inc. $WM Shares Acquired by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lifted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 26.8% during the second quarter, Holdings Channel.com reports. The fund owned 38,771 shares of the business services provider’s stock after acquiring an additional 8,194 shares during the period. GHP Investment Advisors Inc.’s holdings in Waste Management were worth $8,641,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Elevated Capital Advisors LLC purchased a new position in shares of Waste Management in the fourth quarter worth $25,000. RHL Group LLC purchased a new stake in shares of Waste Management during the fourth quarter valued at $29,000. Financial Network Wealth Advisors LLC increased its position 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 acquiring an additional 47 shares during the period. Mcguire Capital Advisors Inc. purchased a new position in Waste Management in the 4th quarter worth $29,000. Finally, JPL Wealth Management LLC purchased a new position in Waste Management in the 3rd quarter worth $30,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WM shares. Stifel Nicolaus raised their price objective on Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Barclays increased their price target on shares of Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Scotiabank raised their price target on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 16th. TD Cowen lifted their price objective on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Wells Fargo & Company dropped their price objective on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $258.89.

Waste Management Price Performance

Shares of Waste Management stock opened at $226.19 on Thursday. The stock has a market capitalization of $90.41 billion, a P/E ratio of 32.04, a PEG ratio of 2.79 and a beta of 0.44. The business has a 50 day simple moving average of $227.43 and a two-hundred day simple moving average of $227.93. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month 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.

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 analysts’ consensus estimates of $1.98 by $0.04. The firm had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. Waste Management’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 earnings per share. As a group, analysts predict that Waste Management, Inc. will post 8.14 EPS for the current fiscal year.

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.