GSA Capital Partners LLP Invests $686,000 in Waste Management, Inc. $WM

GSA Capital Partners LLP bought a new stake in Waste Management, Inc. (NYSE:WM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,076 shares of the business services provider’s stock, valued at approximately $686,000.

A number of other large investors have also modified their holdings of the stock. TFR Capital LLC. grew its position in Waste Management by 16.2% in the second quarter. TFR Capital LLC. now owns 1,521 shares of the business services provider’s stock valued at $339,000 after acquiring an additional 212 shares in the last quarter. Maridea Wealth Management LLC bought a new stake in shares of Waste Management in the 2nd quarter worth about $226,000. WPG Advisers LLC raised its stake in Waste Management by 37.9% during the second quarter. WPG Advisers LLC now owns 371 shares of the business services provider’s stock valued at $83,000 after buying an additional 102 shares in the last quarter. Spirepoint Private Client LLC raised its position 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 in the last quarter. Finally, Mechanics Financial Corp raised its holdings in shares of Waste Management by 4.8% during the second quarter. Mechanics Financial Corp now owns 3,318 shares of the business services provider’s stock worth $740,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 80.40% of the company’s stock.

Waste Management Price Performance

Shares of NYSE:WM opened at $225.05 on Thursday. The firm has a market cap of $89.95 billion, a price-to-earnings ratio of 31.88, a P/E/G ratio of 2.75 and a beta of 0.44. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The business has a fifty day simple moving average of $227.84 and a 200 day simple moving average of $227.77.

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

Key Waste Management News

Here are the key news stories impacting Waste Management this week:

• Positive Sentiment: Waste Management has generated a 58.6% total stock gain over the past five years, reflecting the company’s defensive business profile and relatively consistent long-term performance. Its discounted-cash-flow valuation was described as approximately in line with the share price, which may support the view that the stock is not materially overvalued under cash-flow assumptions. Where Does Waste Management (WM) Value Sit After A 59% Gain?
• Neutral Sentiment: Recent “waste management stocks” coverage provides general sector context but does not identify a new development specific to Waste Management that would materially change its earnings outlook. Waste Management Stocks To Consider – August 15th
• Negative Sentiment: The valuation analysis flags a low value score and indicates that earnings-based multiples place WM at a premium. With the stock trading near its 50-day and 200-day averages and at a forward earnings valuation that is not inexpensive, concerns about limited upside or elevated valuation could weigh on investor enthusiasm.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Weiss Ratings upgraded Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 7th. Stifel Nicolaus boosted their price target on shares of Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Barclays raised their target price on Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Citigroup increased their target price on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Scotiabank upped their target price on Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $258.89.

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.