Russell Investments Group Ltd. Sells 74,394 Shares of Waste Management, Inc. $WM

Russell Investments Group Ltd. lowered its holdings in Waste Management, Inc. (NYSE:WM) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 657,620 shares of the business services provider’s stock after selling 74,394 shares during the quarter. Russell Investments Group Ltd.’s holdings in Waste Management were worth $146,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. TFR Capital LLC. increased its holdings in Waste Management by 16.2% in the 2nd quarter. TFR Capital LLC. now owns 1,521 shares of the business services provider’s stock worth $339,000 after buying an additional 212 shares in the last quarter. Maridea Wealth Management LLC purchased a new position in Waste Management in the 2nd quarter worth about $226,000. WPG Advisers LLC lifted its stake in Waste Management by 37.9% during the 2nd quarter. WPG Advisers LLC now owns 371 shares of the business services provider’s stock valued at $83,000 after acquiring an additional 102 shares during the period. Spirepoint Private Client LLC boosted its holdings in shares of Waste Management by 128.1% during the 2nd quarter. Spirepoint Private Client LLC now owns 2,991 shares of the business services provider’s stock valued at $667,000 after acquiring an additional 1,680 shares during the last quarter. Finally, Mechanics Financial Corp boosted its holdings in shares of Waste Management by 4.8% during the 2nd quarter. Mechanics Financial Corp now owns 3,318 shares of the business services provider’s stock valued at $740,000 after acquiring an additional 152 shares during the last quarter. 80.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 7th. Wells Fargo & Company cut their target price on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. TD Cowen boosted 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. Citigroup increased their price target on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Royal Bank Of Canada lifted their price objective on Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $258.89.

Waste Management Trading Down 0.1%

NYSE:WM opened at $223.71 on Wednesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. The firm has a market capitalization of $89.42 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 2.76 and a beta of 0.44. Waste Management, Inc. has a one year low of $194.11 and a one year high of $248.13. The business has a fifty day moving average price of $227.83 and a 200-day moving average price of $227.75.

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, beating the consensus estimate of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the business earned $1.92 earnings per share. Waste Management’s quarterly revenue was up 4.0% compared to the same quarter last year. Sell-side analysts forecast that Waste Management, Inc. will post 8.14 EPS for the current 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.