655,297 Shares in Waste Management, Inc. $WM Bought by Danske Bank A S

Danske Bank A S purchased a new stake in Waste Management, Inc. (NYSE:WM) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 655,297 shares of the business services provider’s stock, valued at approximately $146,053,000.

Other institutional investors have also made changes to their positions in the company. Financial Network Wealth Advisors LLC raised its position in Waste Management by 55.3% in the fourth quarter. Financial Network Wealth Advisors LLC now owns 132 shares of the business services provider’s stock worth $29,000 after purchasing an additional 47 shares in the last quarter. RHL Group LLC bought a new stake in shares of Waste Management in the 4th quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Waste Management in the 4th quarter worth approximately $29,000. JPL Wealth Management LLC bought a new position in shares of Waste Management during the 3rd quarter worth approximately $30,000. Finally, Main Street Group LTD bought a new stake in Waste Management in the first quarter valued at $31,000. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WM has been the topic of several analyst reports. TD Cowen upped their target price on shares of Waste Management from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings raised shares of Waste Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 7th. Barclays boosted their target price on Waste Management from $270.00 to $277.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Citigroup boosted their price objective on Waste Management from $263.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, UBS Group increased their price objective on shares of Waste Management from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $258.89.

Waste Management Trading Up 0.0%

Shares of NYSE WM opened at $225.17 on Friday. The company’s 50 day simple moving average is $227.96 and its 200 day simple moving average is $227.79. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.91 and a quick ratio of 0.87. 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 $90.00 billion, a P/E ratio of 31.89, a P/E/G ratio of 2.77 and a beta of 0.44.

Waste Management (NYSE:WM) last issued its earnings results on Tuesday, July 28th. The business services provider reported $2.02 EPS for the quarter, beating 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 analysts’ expectations of $6.71 billion. During the same quarter in the previous year, the company posted $1.92 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts predict that Waste Management, Inc. will post 8.13 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.