DB Fitzpatrick & Co Inc Buys Shares of 5,139 Waste Management, Inc. $WM

DB Fitzpatrick & Co Inc purchased a new stake in Waste Management, Inc. (NYSE:WM) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,139 shares of the business services provider’s stock, valued at approximately $1,181,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Elevated Capital Advisors LLC purchased a new position in Waste Management during the 4th quarter valued at about $25,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of 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 in the last quarter. RHL Group LLC acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Waste Management in the fourth quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Waste Management during the 3rd quarter worth approximately $30,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barclays increased their target price on Waste Management from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings downgraded shares of Waste Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. TD Cowen boosted their price objective on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird raised their target price on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Finally, Wolfe Research assumed coverage on Waste Management in a research note on Friday, March 13th. They set a “peer perform” rating on the stock. Fifteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $255.30.

Waste Management Stock Performance

Shares of WM stock opened at $230.19 on Friday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.89 and a current ratio of 0.93. The firm has a market capitalization of $92.44 billion, a price-to-earnings ratio of 33.31, a price-to-earnings-growth ratio of 2.34 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 company has a 50 day moving average price of $220.29 and a 200 day moving average price of $225.38.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Waste Management had a net margin of 10.99% and a return on equity of 31.90%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 EPS. Sell-side analysts anticipate that Waste Management, Inc. will post 8.15 EPS for the current year.

Waste Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, June 5th. Waste Management’s payout ratio is 54.70%.

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.