Goldman Sachs Group upgraded shares of Waste Management (NYSE:WM) from a sell rating to a buy rating in a research report sent to investors on Tuesday, MarketBeat.com reports. The firm currently has $107.00 price objective on the business services provider’s stock, up from their previous price objective of $84.00.

WM has been the topic of several other research reports. Zacks Investment Research upgraded Waste Management from a hold rating to a buy rating and set a $104.00 target price on the stock in a report on Thursday, September 20th. BMO Capital Markets upped their target price on Waste Management to $98.00 and gave the stock an overweight rating in a report on Monday, October 8th. They noted that the move was a valuation call. UBS Group set a $90.00 target price on Waste Management and gave the stock a hold rating in a report on Friday, October 26th. Oppenheimer reiterated a buy rating and set a $95.00 target price on shares of Waste Management in a report on Thursday, October 25th. Finally, Raymond James reiterated a buy rating on shares of Waste Management in a report on Monday, October 29th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $98.14.

WM opened at $91.21 on Tuesday. Waste Management has a 52-week low of $78.39 and a 52-week high of $95.49. The stock has a market cap of $39.49 billion, a P/E ratio of 28.33, a P/E/G ratio of 1.82 and a beta of 0.64. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.84 and a current ratio of 0.87.

Waste Management (NYSE:WM) last released its earnings results on Thursday, October 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. Waste Management had a return on equity of 27.93% and a net margin of 15.60%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Equities research analysts predict that Waste Management will post 4.14 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.465 per share. This represents a $1.86 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Thursday, November 29th. Waste Management’s dividend payout ratio (DPR) is presently 57.76%.

In other Waste Management news, VP Jeff M. Harris sold 24,500 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $90.00, for a total transaction of $2,205,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Devina A. Rankin sold 8,107 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $94.41, for a total value of $765,381.87. Following the transaction, the chief financial officer now directly owns 21,373 shares in the company, valued at approximately $2,017,824.93. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in WM. Almanack Investment Partners LLC. acquired a new position in shares of Waste Management in the third quarter valued at approximately $112,000. Point72 Hong Kong Ltd grew its position in shares of Waste Management by 1,095.4% in the second quarter. Point72 Hong Kong Ltd now owns 1,303 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 1,194 shares during the last quarter. Braun Bostich & Associates Inc. grew its position in shares of Waste Management by 546.0% in the second quarter. Braun Bostich & Associates Inc. now owns 1,447 shares of the business services provider’s stock valued at $118,000 after purchasing an additional 1,223 shares during the last quarter. Vigilant Capital Management LLC grew its position in shares of Waste Management by 200.0% in the third quarter. Vigilant Capital Management LLC now owns 1,500 shares of the business services provider’s stock valued at $136,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of Waste Management by 113.8% in the third quarter. Rockefeller Capital Management L.P. now owns 1,518 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 808 shares during the last quarter. 75.16% of the stock is currently owned by hedge funds and other institutional investors.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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