Oak Thistle LLC Sells 4,085 Shares of Waste Management, Inc. $WM

Oak Thistle LLC lowered its stake in shares of Waste Management, Inc. (NYSE:WM) by 43.8% in the second quarter, Holdings Channel reports. The institutional investor owned 5,245 shares of the business services provider’s stock after selling 4,085 shares during the period. Oak Thistle LLC’s holdings in Waste Management were worth $1,169,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WM. Elevated Capital Advisors LLC bought a new position in shares of Waste Management in the 4th quarter worth $25,000. RHL Group LLC bought a new stake in Waste Management during the fourth quarter valued at about $29,000. Financial Network Wealth Advisors LLC grew its stake 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 valued at $29,000 after purchasing an additional 47 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new position in Waste Management in the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC bought a new position in Waste Management in the third quarter worth about $30,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Performance

WM opened at $224.44 on Friday. The company has a market cap of $89.71 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 2.78 and a beta of 0.44. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.24. The firm’s 50-day moving average price is $227.53 and its 200-day moving average price is $227.90. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.04. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the firm earned $1.92 EPS. Waste Management’s revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts anticipate that Waste Management, Inc. will post 8.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Barclays increased their target price on shares of Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Scotiabank raised their target price on shares of Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday, July 16th. UBS Group lifted their price target on shares of Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Canadian Imperial Bank of Commerce lowered Waste Management from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $258.89.

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.