Rydar Equities Inc. Purchases 2,828 Shares of Waste Management, Inc. $WM

Rydar Equities Inc. grew its position in Waste Management, Inc. (NYSE:WM) by 25.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,739 shares of the business services provider’s stock after purchasing an additional 2,828 shares during the period. Waste Management comprises about 1.8% of Rydar Equities Inc.’s portfolio, making the stock its 12th largest position. Rydar Equities Inc.’s holdings in Waste Management were worth $3,281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elevated Capital Advisors LLC bought a new position in Waste Management during the fourth quarter worth about $25,000. Financial Network Wealth Advisors LLC raised its position in shares of Waste Management by 55.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after purchasing an additional 47 shares during the period. RHL Group LLC bought a new position in shares of Waste Management during the 4th quarter valued at about $29,000. Mcguire Capital Advisors Inc. bought a new position in shares of Waste Management during the 4th quarter valued at about $29,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Waste Management in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 80.40% of the company’s stock.

Analysts Set New Price Targets

WM has been the topic of several research analyst reports. Scotiabank raised their target price on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. Oppenheimer lowered their price objective on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Citigroup boosted their price objective on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Barclays upped their target price on shares of Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, TD Cowen boosted their price target on Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $258.89.

Waste Management Stock Performance

Shares of WM opened at $224.44 on Friday. The stock has a market capitalization of $89.71 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 2.78 and a beta of 0.44. Waste Management, Inc. has a 12 month low of $194.11 and a 12 month high of $248.13. The firm has a fifty day simple moving average of $227.53 and a 200 day simple moving average of $227.90. 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 (NYSE:WM) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the business earned $1.92 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. Research analysts forecast that Waste Management, Inc. will post 8.14 EPS for the current fiscal year.

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.