Knuff & Co LLC Acquires Shares of 3,200 Waste Management, Inc. $WM

Knuff & Co LLC acquired a new position in shares of Waste Management, Inc. (NYSE:WM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,200 shares of the business services provider’s stock, valued at approximately $713,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RHL Group LLC bought a new stake in shares of Waste Management in the fourth quarter worth $29,000. Financial Network Wealth Advisors LLC grew its holdings in 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 worth $29,000 after acquiring an additional 47 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in shares of Waste Management in the 4th quarter worth about $29,000. JPL Wealth Management LLC acquired a new stake in shares of Waste Management in the 3rd quarter valued at about $30,000. Finally, Main Street Group LTD bought a new position in shares of Waste Management during the first quarter worth about $31,000. 80.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WM has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on Waste Management from $273.00 to $268.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. UBS Group boosted their price target on Waste Management from $265.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Oppenheimer dropped their price target on Waste Management from $264.00 to $263.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 8th. Citigroup lifted their price objective 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, TD Cowen boosted their target price on shares of Waste Management from $270.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $258.89.

Waste Management Stock Up 0.0%

Shares of Waste Management stock opened at $225.17 on Friday. The stock has a market capitalization of $90.00 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 2.77 and a beta of 0.44. Waste Management, Inc. has a twelve month low of $194.11 and a twelve month high of $248.13. 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 business’s 50 day simple moving average is $227.96 and its 200-day simple moving average is $227.79.

Waste Management (NYSE:WM) last released its quarterly earnings data 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. The business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.71 billion. Waste Management had a return on equity of 31.68% and a net margin of 11.11%.The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.92 EPS. Equities research analysts forecast that Waste Management, Inc. will post 8.13 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.