Vertrix Wealth Management LLC Purchases 2,641 Shares of Waste Management, Inc. $WM

Vertrix Wealth Management LLC increased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 14.8% during the second quarter, according to the company in its most recent 13F 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 period. Waste Management comprises approximately 1.5% of Vertrix Wealth Management LLC’s holdings, making the stock its 24th largest holding. Vertrix Wealth Management LLC’s holdings in Waste Management were worth $4,557,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of WM. Elevated Capital Advisors LLC acquired a new stake in shares of Waste Management in the fourth quarter valued at $25,000. RHL Group LLC bought a new stake in Waste Management during the 4th quarter worth about $29,000. Financial Network Wealth Advisors LLC increased its position in Waste Management by 55.3% in the 4th quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 47 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of Waste Management in the fourth quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Waste Management during the third quarter worth approximately $30,000. Institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

WM has been the subject of a number of research reports. Oppenheimer lowered their price target on shares of Waste Management from $264.00 to $263.00 and set an “outperform” rating for the company in a report on Wednesday, July 8th. UBS Group upped their price objective on Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Royal Bank Of Canada increased 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. Barclays boosted their target price on Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, Scotiabank upped their price target on Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday, July 16th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Waste Management currently has an average rating of “Moderate Buy” and an average target price of $258.89.

Waste Management Trading Up 0.0%

Shares of NYSE WM opened at $227.74 on Monday. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. The firm has a market capitalization of $91.03 billion, a P/E ratio of 32.26, a P/E/G ratio of 2.80 and a beta of 0.44. 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 company’s 50 day simple moving average is $226.69 and its 200 day simple moving average is $227.91.

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 analysts’ consensus estimates of $1.98 by $0.04. The firm had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.92 EPS. On average, analysts predict that Waste Management, Inc. will post 8.14 EPS for the current year.

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.