Boston Common Asset Management LLC Acquires 6,391 Shares of Waste Management, Inc. $WM

Boston Common Asset Management LLC lifted its holdings in shares of Waste Management, Inc. (NYSE:WM) by 12.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,895 shares of the business services provider’s stock after buying an additional 6,391 shares during the quarter. Boston Common Asset Management LLC’s holdings in Waste Management were worth $12,458,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Envestnet Portfolio Solutions Inc. boosted its stake in Waste Management by 6.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 53,766 shares of the business services provider’s stock valued at $11,983,000 after acquiring an additional 3,232 shares during the last quarter. Sky Investment Group LLC raised its position in shares of Waste Management by 1.1% during the 2nd quarter. Sky Investment Group LLC now owns 11,824 shares of the business services provider’s stock valued at $2,635,000 after acquiring an additional 125 shares during the last quarter. Rydar Equities Inc. lifted its stake in shares of Waste Management by 25.9% in the 2nd quarter. Rydar Equities Inc. now owns 13,739 shares of the business services provider’s stock valued at $3,281,000 after purchasing an additional 2,828 shares during the period. IFP Advisors Inc boosted its position in shares of Waste Management by 9.2% in the 2nd quarter. IFP Advisors Inc now owns 12,427 shares of the business services provider’s stock worth $2,770,000 after purchasing an additional 1,049 shares during the last quarter. Finally, FLC Capital Advisors grew its stake in shares of Waste Management by 16.9% during the second quarter. FLC Capital Advisors now owns 1,557 shares of the business services provider’s stock worth $347,000 after purchasing an additional 225 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Waste Management Stock Down 0.8%

NYSE:WM opened at $224.44 on Friday. Waste Management, Inc. has a 1 year low of $194.11 and a 1 year high of $248.13. The stock has a 50-day moving average price of $227.53 and a two-hundred day moving average price of $227.90. The stock has a market cap of $89.71 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 2.78 and a beta of 0.44. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.24.

Waste Management (NYSE:WM) last released its quarterly 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. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The company 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 earnings per share. Waste Management’s revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts expect that Waste Management, Inc. will post 8.14 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Canadian Imperial Bank of Commerce lowered Waste Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Robert W. Baird boosted their target price on Waste Management from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Stifel Nicolaus upped their price target on Waste Management from $252.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Scotiabank increased their price target on shares of Waste Management from $250.00 to $260.00 and gave the company a “sector perform” rating in a research report on Thursday, July 16th. Finally, Citigroup boosted their price objective on shares of Waste Management from $263.00 to $269.00 and gave the company a “buy” rating in a report on Friday, July 10th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $258.89.

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.