Kavar Capital Partners Group LLC Increases Stake in Waste Management, Inc. $WM

Kavar Capital Partners Group LLC grew its stake in shares of Waste Management, Inc. (NYSE:WM) by 51.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 14,207 shares of the business services provider’s stock after purchasing an additional 4,803 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Waste Management were worth $3,166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Waste Management during the fourth quarter valued at $1,022,916,000. Corient Private Wealth LLC lifted its stake in Waste Management by 279.0% in the 4th quarter. Corient Private Wealth LLC now owns 1,075,906 shares of the business services provider’s stock worth $236,387,000 after purchasing an additional 792,037 shares in the last quarter. Diamant Asset Management Inc. boosted its holdings in shares of Waste Management by 23,051.5% during the 1st quarter. Diamant Asset Management Inc. now owns 770,945 shares of the business services provider’s stock valued at $17,716,000 after purchasing an additional 767,615 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Waste Management by 3,209.2% during the third quarter. Balyasny Asset Management L.P. now owns 681,366 shares of the business services provider’s stock valued at $150,466,000 after purchasing an additional 660,776 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Waste Management by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 38,990,067 shares of the business services provider’s stock worth $8,566,508,000 after buying an additional 553,605 shares in the last quarter. Institutional investors own 80.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on WM shares. Weiss Ratings raised Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 7th. Scotiabank boosted their price target on shares of Waste Management from $250.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 16th. Wells Fargo & Company lowered 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. Robert W. Baird boosted their target price on shares of Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Finally, TD Cowen increased their price target on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $258.89.

Waste Management Stock Performance

NYSE:WM opened at $226.19 on Thursday. The firm has a market capitalization of $90.41 billion, a PE ratio of 32.04, a PEG ratio of 2.79 and a beta of 0.44. The stock’s fifty day moving average is $227.43 and its 200 day moving average is $227.93. Waste Management, Inc. has a fifty-two week low of $194.11 and a fifty-two week high of $248.13. 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 (NYSE:WM) last posted its quarterly earnings data 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. Waste Management had a net margin of 11.11% and a return on equity of 31.68%. The company had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. Waste Management’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts anticipate 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.