KBC Group NV Has $86.09 Million Stock Holdings in Waste Management, Inc. $WM

KBC Group NV trimmed its holdings in shares of Waste Management, Inc. (NYSE:WM) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 386,241 shares of the business services provider’s stock after selling 23,500 shares during the quarter. KBC Group NV’s holdings in Waste Management were worth $86,086,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Elevated Capital Advisors LLC bought a new stake in shares of Waste Management in the fourth quarter worth $25,000. RHL Group LLC bought a new position in Waste Management during the 4th quarter worth $29,000. Financial Network Wealth Advisors LLC raised its position in Waste Management by 55.3% during the 4th 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 last quarter. Mcguire Capital Advisors Inc. acquired a new position in Waste Management during the 4th quarter worth about $29,000. Finally, JPL Wealth Management LLC bought a new stake in shares of Waste Management in the 3rd quarter valued at about $30,000. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WM shares. Oppenheimer lowered their price objective on Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Wells Fargo & Company reduced their target price on Waste Management from $273.00 to $268.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. TD Cowen increased their target price 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. Scotiabank raised their price target 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. Finally, 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. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.89.

Waste Management Stock Down 0.3%

Shares of NYSE:WM opened at $223.95 on Tuesday. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. The business’s 50-day moving average is $227.77 and its 200-day moving average is $227.81. The company has a market capitalization of $89.52 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 2.76 and a beta of 0.44.

Waste Management (NYSE:WM) last released its earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, topping 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 revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 earnings per share. Equities research analysts predict that Waste Management, Inc. will post 8.14 earnings per share for the current 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.