Longfellow Investment Management Co. LLC Has $2.62 Million Stock Position in Waste Management, Inc. $WM

Longfellow Investment Management Co. LLC lifted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 54.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 11,763 shares of the business services provider’s stock after acquiring an additional 4,157 shares during the period. Longfellow Investment Management Co. LLC’s holdings in Waste Management were worth $2,622,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Financial Network Wealth Advisors LLC lifted its holdings 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 worth $29,000 after acquiring an additional 47 shares during the last quarter. RHL Group LLC bought a new stake in shares of Waste Management during the 4th quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. acquired a new position in Waste Management during the 4th quarter worth approximately $29,000. JPL Wealth Management LLC bought a new position in Waste Management in the 3rd quarter valued at approximately $30,000. Finally, Main Street Group LTD acquired a new stake in Waste Management in the first quarter valued at approximately $31,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Waste Management News Roundup

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 Analysts Forecast Growth

Several research firms recently weighed in on WM. Oppenheimer cut their price objective on Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Canadian Imperial Bank of Commerce cut Waste Management from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Barclays increased their target price on Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Stifel Nicolaus boosted their price target on Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada upped their price objective on Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $258.89.

Waste Management Stock Up 0.7%

WM stock opened at $225.05 on Thursday. The stock’s 50 day simple moving average is $227.84 and its 200 day simple moving average is $227.77. The company has a market cap of $89.95 billion, a P/E ratio of 31.88, a price-to-earnings-growth ratio of 2.75 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. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13.

Waste Management (NYSE:WM) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. The business had revenue of $6.68 billion during 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 quarter in the previous year, the business posted $1.92 EPS. On average, research analysts expect that Waste Management, Inc. will post 8.14 earnings per share for the current fiscal year.

Waste Management Company 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.