Waste Management, Inc. $WM Stake Lessened by TD Asset Management Inc

TD Asset Management Inc decreased its holdings in shares of Waste Management, Inc. (NYSE:WM) by 6.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 256,759 shares of the business services provider’s stock after selling 17,160 shares during the quarter. TD Asset Management Inc’s holdings in Waste Management were worth $57,226,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of WM. Boston Common Asset Management LLC grew its stake in shares of Waste Management by 12.9% in the 2nd quarter. Boston Common Asset Management LLC now owns 55,895 shares of the business services provider’s stock valued at $12,458,000 after buying an additional 6,391 shares in the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in Waste Management during the fourth quarter valued at approximately $10,206,000. Principal Financial Group Inc. lifted its stake in Waste Management by 3.1% in the first quarter. Principal Financial Group Inc. now owns 460,317 shares of the business services provider’s stock valued at $105,776,000 after acquiring an additional 14,003 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in Waste Management by 18.5% in the fourth quarter. KLP Kapitalforvaltning AS now owns 236,153 shares of the business services provider’s stock worth $51,885,000 after acquiring an additional 36,900 shares in the last quarter. Finally, Directional Asset Management acquired a new position in shares of Waste Management during the 4th quarter worth $1,361,000. 80.40% of the stock is owned by hedge funds and other institutional investors.

Waste Management Price Performance

NYSE WM opened at $223.95 on Tuesday. The stock has a 50-day simple moving average of $227.77 and a 200 day simple moving average of $227.81. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. The stock has a market capitalization of $89.52 billion, a PE ratio of 31.72, a P/E/G ratio of 2.76 and a beta of 0.44. 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 released its earnings results on Tuesday, July 28th. The business services provider reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.04. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The firm had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the firm posted $1.92 EPS. The company’s revenue was up 4.0% on a year-over-year basis. Research analysts anticipate that Waste Management, Inc. will post 8.14 EPS for the current year.

Wall Street Analysts Forecast Growth

WM has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 7th. Stifel Nicolaus increased their target price on shares of Waste Management from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Citigroup raised their target price on Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Canadian Imperial Bank of Commerce lowered Waste Management from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada upped their target price on Waste Management from $240.00 to $244.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $258.89.

Waste Management 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.