Waste Management, Inc. $WM Stake Lowered by Sapient Capital LLC

Sapient Capital LLC trimmed its position in shares of Waste Management, Inc. (NYSE:WM) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,258 shares of the business services provider’s stock after selling 2,320 shares during the period. Sapient Capital LLC’s holdings in Waste Management were worth $17,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of WM. Elevated Capital Advisors LLC acquired a new stake in shares of Waste Management during the 4th quarter valued at about $25,000. RHL Group LLC acquired a new stake in Waste Management in the fourth quarter valued at approximately $29,000. Financial Network Wealth Advisors LLC grew its position in 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 in the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of Waste Management during the 4th quarter valued at $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Waste Management in the 3rd quarter valued at $30,000. 80.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WM has been the subject of a number of analyst reports. Barclays boosted their price target on Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Wells Fargo & Company decreased their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Canadian Imperial Bank of Commerce downgraded shares of Waste Management from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, TD Cowen raised their target price 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. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $258.89.

Waste Management Stock Performance

WM opened at $227.74 on Monday. The firm has a market capitalization of $91.03 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 2.80 and a beta of 0.44. The stock’s 50 day moving average price is $226.69 and its two-hundred day moving average price is $227.91. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.04. The business had revenue of $6.68 billion for the quarter, compared to the consensus estimate 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 last year, the company posted $1.92 earnings per share. On average, equities analysts forecast that Waste Management, Inc. will post 8.14 earnings per share for the current 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.