Howland Capital Management LLC continued to hold its position in Waste Management, Inc. (NYSE:WM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,242 shares of the business services provider’s stock at the end of the second quarter. Howland Capital Management LLC’s holdings in Waste Management were worth $751,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its position in Waste Management by 2,611.5% in the first quarter. BlackRock Inc. now owns 30,162,320 shares of the business services provider’s stock valued at $2,199,436,000 after buying an additional 29,049,915 shares during the last quarter. Renaissance Technologies LLC raised its position in Waste Management by 95.0% in the first quarter. Renaissance Technologies LLC now owns 3,857,300 shares of the business services provider’s stock valued at $281,274,000 after buying an additional 1,879,300 shares during the last quarter. Vanguard Group Inc. raised its position in Waste Management by 5.8% in the first quarter. Vanguard Group Inc. now owns 32,753,532 shares of the business services provider’s stock valued at $2,388,388,000 after buying an additional 1,790,546 shares during the last quarter. Janus Capital Management LLC raised its position in Waste Management by 34.1% in the first quarter. Janus Capital Management LLC now owns 3,449,747 shares of the business services provider’s stock valued at $251,556,000 after buying an additional 876,766 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Waste Management by 8,682.3% in the first quarter. American Century Companies Inc. now owns 798,311 shares of the business services provider’s stock valued at $58,213,000 after buying an additional 789,221 shares during the last quarter. 75.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Waste Management, Inc. (NYSE:WM) traded down 0.27% during midday trading on Friday, reaching $74.61. The company’s stock had a trading volume of 958,391 shares. The firm has a market capitalization of $32.83 billion, a price-to-earnings ratio of 25.55 and a beta of 0.71. The firm’s 50 day moving average is $74.49 and its 200 day moving average is $72.86. Waste Management, Inc. has a 52 week low of $61.08 and a 52 week high of $76.00.
Waste Management (NYSE:WM) last released its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.81 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.81. Waste Management had a return on equity of 25.07% and a net margin of 9.18%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. Equities analysts forecast that Waste Management, Inc. will post $3.19 EPS for the current fiscal year.
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Several equities analysts recently issued reports on WM shares. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Friday, April 28th. KeyCorp increased their target price on Waste Management from $50.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, May 11th. Oppenheimer Holdings, Inc. increased their target price on Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 5th. Credit Suisse Group increased their target price on Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 28th. Finally, Stifel Nicolaus increased their target price on Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $75.51.
In related news, CEO James C. Fish, Jr. sold 3,500 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $72.25, for a total value of $252,875.00. Following the transaction, the chief executive officer now owns 154,662 shares in the company, valued at $11,174,329.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Patrick W. Gross sold 487 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $74.68, for a total value of $36,369.16. Following the completion of the transaction, the director now owns 23,222 shares in the company, valued at approximately $1,734,218.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,940 shares of company stock worth $575,603. Insiders own 0.19% of the company’s stock.
Waste Management Company Profile
Waste Management, Inc (WM) is a holding company. The Company, through its subsidiaries, is a provider of waste management environmental services. The Company’s segments include Solid Waste and Other. The Company’s Solid Waste segment includes its solid waste business. The Other segment includes its Strategic Business Solutions (WMSBS) organization; its landfill gas-to-energy operations and third-party subcontract and administration services managed by its Energy and Environmental Services and WM Renewable Energy organizations; its recycling brokerage services, and its service offerings and solutions, such as portable self-storage and long distance moving services, fluorescent lamp recycling and interests it holds in oil and gas producing properties.
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