Waste Management (NYSE:WM) PT Raised to $235.00 at TD Cowen

Waste Management (NYSE:WM) had its price target boosted by TD Cowen from $220.00 to $235.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

Other analysts also recently issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Waste Management from $207.00 to $212.00 and gave the stock a market perform rating in a research report on Friday. UBS Group lowered shares of Waste Management from a buy rating to a neutral rating and boosted their price objective for the company from $190.00 to $205.00 in a report on Wednesday, February 14th. JPMorgan Chase & Co. raised their target price on Waste Management from $165.00 to $197.00 and gave the stock a neutral rating in a research note on Thursday, February 15th. HSBC lowered Waste Management from a buy rating to a hold rating and set a $210.00 price objective on the stock. in a report on Thursday, February 15th. Finally, Jefferies Financial Group lifted their target price on Waste Management from $230.00 to $256.00 and gave the stock a buy rating in a report on Monday, March 18th. Nine equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $215.88.

Waste Management Stock Performance

Shares of WM stock opened at $212.10 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 2.23. The company has a market cap of $85.07 billion, a PE ratio of 34.71, a PEG ratio of 2.81 and a beta of 0.72. Waste Management has a 12-month low of $149.71 and a 12-month high of $214.54. The business’s fifty day simple moving average is $208.75 and its 200-day simple moving average is $187.69.

Waste Management (NYSE:WM) last announced its earnings results on Wednesday, April 24th. The business services provider reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.23. Waste Management had a return on equity of 38.61% and a net margin of 11.98%. The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the prior year, the company posted $1.31 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts expect that Waste Management will post 7.09 earnings per share for the current fiscal year.

Waste Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Thursday, March 14th. This is a positive change from Waste Management’s previous quarterly dividend of $0.70. Waste Management’s payout ratio is currently 49.10%.

Insiders Place Their Bets

In other news, SVP Christopher P. Desantis sold 346 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $199.64, for a total transaction of $69,075.44. Following the transaction, the senior vice president now owns 8,218 shares in the company, valued at approximately $1,640,641.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Charles C. Boettcher sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $209.50, for a total value of $523,750.00. Following the transaction, the executive vice president now owns 29,677 shares in the company, valued at $6,217,331.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Christopher P. Desantis sold 346 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $199.64, for a total value of $69,075.44. Following the sale, the senior vice president now owns 8,218 shares of the company’s stock, valued at $1,640,641.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,007 shares of company stock worth $3,696,520. 0.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Waste Management

Large investors have recently modified their holdings of the business. Hexagon Capital Partners LLC lifted its stake in Waste Management by 170.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 119 shares of the business services provider’s stock worth $25,000 after purchasing an additional 75 shares in the last quarter. Sachetta LLC acquired a new position in shares of Waste Management during the 4th quarter valued at about $27,000. Gilfoyle & Co LLC purchased a new stake in shares of Waste Management in the fourth quarter valued at about $30,000. Millburn Ridgefield Corp acquired a new stake in Waste Management during the third quarter worth about $35,000. Finally, Opal Wealth Advisors LLC acquired a new position in Waste Management in the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Company Profile

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.