Waste Management (NYSE:WM) PT Raised to $228.00 at Oppenheimer

Waste Management (NYSE:WM) had its price objective raised by equities researchers at Oppenheimer from $221.00 to $228.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s target price suggests a potential upside of 8.52% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley upped their price target on shares of Waste Management from $202.00 to $214.00 and gave the company an “equal weight” rating in a report on Friday. Truist Financial upped their price target on shares of Waste Management from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday. UBS Group cut shares of Waste Management from a “buy” rating to a “neutral” rating and upped their price target for the company from $190.00 to $205.00 in a report on Wednesday, February 14th. BMO Capital Markets increased their target price on shares of Waste Management from $207.00 to $212.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Citigroup increased their target price on shares of Waste Management from $215.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $214.21.

Waste Management Trading Down 1.2 %

Shares of NYSE:WM opened at $210.10 on Friday. The stock has a market capitalization of $84.31 billion, a PE ratio of 34.39, a P/E/G ratio of 3.23 and a beta of 0.72. Waste Management has a 1 year low of $149.71 and a 1 year high of $214.54. The firm has a fifty day moving average price of $208.54 and a 200 day moving average price of $187.08. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 2.23.

Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.23. Waste Management had a net margin of 11.98% and a return on equity of 38.61%. The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the prior year, the company earned $1.31 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts expect that Waste Management will post 6.88 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Charles C. Boettcher sold 2,500 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $209.50, for a total value of $523,750.00. Following the completion of the transaction, the executive vice president now owns 29,677 shares of the company’s stock, valued at $6,217,331.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Charles C. Boettcher sold 2,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 29,677 shares of the company’s stock, valued at $6,217,331.50. The transaction was disclosed in a document filed with the SEC, which is accessible 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. Insiders sold 18,007 shares of company stock valued at $3,696,520 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

Institutional Trading of Waste Management

A number of hedge funds and other institutional investors have recently modified their holdings of WM. McAdam LLC grew its position in shares of Waste Management by 4.0% during the 1st quarter. McAdam LLC now owns 1,317 shares of the business services provider’s stock worth $281,000 after purchasing an additional 51 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in shares of Waste Management by 2.7% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,053 shares of the business services provider’s stock worth $438,000 after purchasing an additional 53 shares in the last quarter. Quent Capital LLC boosted its position in shares of Waste Management by 7.3% during the 4th quarter. Quent Capital LLC now owns 810 shares of the business services provider’s stock worth $145,000 after acquiring an additional 55 shares in the last quarter. Drake & Associates LLC boosted its position in shares of Waste Management by 3.4% during the 4th quarter. Drake & Associates LLC now owns 1,652 shares of the business services provider’s stock worth $296,000 after acquiring an additional 55 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its position in shares of Waste Management by 0.6% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 9,495 shares of the business services provider’s stock worth $2,024,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 80.40% of the company’s stock.

About Waste Management

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.