Commerce Bank Grows Position in Waste Management, Inc. (WM)

Commerce Bank increased its holdings in Waste Management, Inc. (NYSE:WM) by 0.3% in the third quarter, HoldingsChannel.com reports. The fund owned 628,864 shares of the business services provider’s stock after purchasing an additional 1,685 shares during the quarter. Commerce Bank’s holdings in Waste Management were worth $56,824,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Kiley Juergens Wealth Management LLC bought a new position in Waste Management in the second quarter worth about $100,000. Point72 Hong Kong Ltd boosted its holdings in Waste Management by 1,095.4% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,303 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 1,194 shares during the period. Braun Bostich & Associates Inc. boosted its holdings in Waste Management by 546.0% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,447 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 1,223 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in Waste Management by 15.1% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 112,038 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 14,720 shares during the period. Finally, Vigilant Capital Management LLC boosted its holdings in Waste Management by 200.0% during the 3rd quarter. Vigilant Capital Management LLC now owns 1,500 shares of the business services provider’s stock valued at $136,000 after acquiring an additional 1,000 shares during the period. 74.87% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on WM shares. Zacks Investment Research upgraded Waste Management from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research note on Thursday, September 20th. BMO Capital Markets lifted their price objective on Waste Management to $98.00 and gave the company an “overweight” rating in a research note on Monday, October 8th. They noted that the move was a valuation call. UBS Group set a $90.00 price objective on Waste Management and gave the company a “hold” rating in a research note on Friday, October 26th. Oppenheimer reiterated a “buy” rating and issued a $95.00 price objective on shares of Waste Management in a research note on Thursday, October 25th. Finally, Raymond James reiterated a “buy” rating on shares of Waste Management in a research note on Monday, October 29th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Waste Management presently has a consensus rating of “Buy” and an average price target of $95.50.

Shares of WM opened at $87.00 on Monday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.84. The stock has a market capitalization of $37.09 billion, a PE ratio of 27.02, a P/E/G ratio of 1.77 and a beta of 0.64. Waste Management, Inc. has a 1 year low of $78.33 and a 1 year high of $92.85.

Waste Management (NYSE:WM) last posted its earnings results on Thursday, October 25th. The business services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Waste Management had a return on equity of 27.93% and a net margin of 15.60%. As a group, sell-side analysts expect that Waste Management, Inc. will post 4.13 EPS for the current year.

Waste Management Profile

Waste Management, Inc, through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations.

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Institutional Ownership by Quarter for Waste Management (NYSE:WM)

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