Robert W. Baird Boosts Waste Management (NYSE:WM) Price Target to $222.00

Waste Management (NYSE:WM) had its price objective increased by Robert W. Baird from $214.00 to $222.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s target price suggests a potential upside of 7.40% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Waste Management from $165.00 to $197.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Stifel Nicolaus boosted their target price on Waste Management from $215.00 to $227.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Royal Bank of Canada raised their price target on shares of Waste Management from $211.00 to $215.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. Truist Financial boosted their target price on shares of Waste Management from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Raymond James increased their price target on Waste Management from $219.00 to $229.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $216.24.

Waste Management Stock Down 0.6 %

WM stock opened at $206.71 on Tuesday. The company has a market cap of $82.91 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 2.80 and a beta of 0.72. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.23. Waste Management has a 52 week low of $149.71 and a 52 week high of $214.54. The business has a 50-day simple moving average of $208.93 and a 200 day simple moving average of $188.17.

Waste Management (NYSE:WM) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.23. The company had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.22 billion. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.31 EPS. Sell-side analysts anticipate that Waste Management will post 7.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total transaction of $523,750.00. Following the sale, the executive vice president now owns 29,677 shares of the company’s stock, valued at $6,217,331.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Waste Management news, EVP Charles C. Boettcher sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total value of $523,750.00. Following the transaction, the executive vice president now directly owns 29,677 shares of the company’s stock, valued at $6,217,331.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Christopher P. Desantis sold 346 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $199.64, for a total transaction of $69,075.44. Following the sale, the senior vice president now directly owns 8,218 shares of the company’s stock, valued at approximately $1,640,641.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,007 shares of company stock worth $3,696,520. 0.18% of the stock is currently owned by insiders.

Institutional Trading of Waste Management

Several large investors have recently made changes to their positions in WM. Commonwealth Equity Services LLC grew its stake in Waste Management by 5.4% in the third quarter. Commonwealth Equity Services LLC now owns 275,964 shares of the business services provider’s stock valued at $42,068,000 after acquiring an additional 14,229 shares during the period. Vicus Capital acquired a new position in Waste Management during the third quarter worth $235,000. Callahan Advisors LLC lifted its stake in shares of Waste Management by 5.6% in the third quarter. Callahan Advisors LLC now owns 2,392 shares of the business services provider’s stock valued at $365,000 after buying an additional 127 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Waste Management by 6.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 105,847 shares of the business services provider’s stock worth $16,135,000 after acquiring an additional 6,418 shares in the last quarter. Finally, FinTrust Capital Advisors LLC increased its holdings in Waste Management by 25.2% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 814 shares of the business services provider’s stock worth $124,000 after purchasing an additional 164 shares in the last quarter. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers 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 and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.