Vertrix Wealth Management LLC Has $4.56 Million Stock Holdings in Waste Management, Inc. $WM

Vertrix Wealth Management LLC increased its position in shares of Waste Management, Inc. (NYSE:WM) by 14.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,447 shares of the business services provider’s stock after acquiring an additional 2,641 shares during the quarter. Waste Management comprises approximately 1.5% of Vertrix Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding. Vertrix Wealth Management LLC’s holdings in Waste Management were worth $4,557,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Elevated Capital Advisors LLC acquired a new stake in Waste Management during the 4th quarter worth $25,000. RHL Group LLC acquired a new position in Waste Management in the fourth quarter valued at about $29,000. Financial Network Wealth Advisors LLC increased 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 worth $29,000 after acquiring an additional 47 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in shares of Waste Management during the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC bought a new position in shares of Waste Management during the 3rd quarter valued at about $30,000. Institutional investors own 80.40% of the company’s stock.

Waste Management Stock Up 0.0%

Shares of Waste Management stock opened at $227.74 on Monday. The firm has a market cap of $91.03 billion, a PE ratio of 32.26, a P/E/G ratio of 2.80 and a beta of 0.44. The business’s 50 day simple moving average is $226.69 and its 200 day simple moving average is $227.91. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.87 and a current ratio of 0.91. Waste Management, Inc. has a 52-week low of $194.11 and a 52-week high of $248.13.

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

Analyst Ratings Changes

WM has been the subject of several research analyst reports. Royal Bank Of Canada boosted their price objective on Waste Management from $240.00 to $244.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce lowered shares of Waste Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Barclays upped their price target on shares of Waste Management from $270.00 to $277.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. Finally, 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. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $258.89.

About Waste Management

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.