2,487 Shares in Waste Management, Inc. $WM Acquired by Partners Capital Investment Group LLP

Partners Capital Investment Group LLP acquired a new stake in Waste Management, Inc. (NYSE:WM) in the second quarter, according to its most recent filing with the SEC. The fund acquired 2,487 shares of the business services provider’s stock, valued at approximately $554,000.

Several other institutional investors have also recently made changes to their positions in the stock. Financial Network Wealth Advisors LLC raised its stake in shares of 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 valued at $29,000 after purchasing an additional 47 shares during the period. RHL Group LLC bought a new position in Waste Management in the 4th quarter worth about $29,000. Mcguire Capital Advisors Inc. purchased a new position in Waste Management during the 4th quarter valued at about $29,000. JPL Wealth Management LLC bought a new stake in shares of Waste Management during the third quarter valued at about $30,000. Finally, Main Street Group LTD purchased a new stake in shares of Waste Management in the first quarter worth about $31,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

WM has been the subject of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 7th. Barclays raised 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. Citigroup upped their price target on shares of Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Stifel Nicolaus increased their price objective on Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Thirteen 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.89.

Waste Management Price Performance

WM opened at $226.46 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24. The stock has a market capitalization of $90.52 billion, a P/E ratio of 32.08, a PEG ratio of 2.83 and a beta of 0.44. The stock has a 50-day moving average price of $228.25 and a 200-day moving average price of $227.80. Waste Management, Inc. has a 12-month low of $194.11 and a 12-month high of $248.13.

Waste Management (NYSE:WM) last announced its quarterly earnings data on Tuesday, July 28th. The business services provider reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. The company had revenue of $6.68 billion for 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%.Waste Management’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $1.92 EPS. Equities analysts predict that Waste Management, Inc. will post 8.13 earnings per share 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.