Eidelman Virant Capital Continues to Hold Position in Waste Management, Inc. (NYSE:WM)
Eidelman Virant Capital maintained its stake in Waste Management, Inc. (NYSE:WM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,300 shares of the business services provider’s stock at the end of the second quarter. Eidelman Virant Capital’s holdings in Waste Management were worth $755,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in Waste Management during the second quarter valued at about $103,000. Quadrant Capital Group LLC increased its position in Waste Management by 5.8% in the first quarter. Quadrant Capital Group LLC now owns 1,424 shares of the business services provider’s stock valued at $100,000 after buying an additional 78 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in Waste Management by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,568 shares of the business services provider’s stock valued at $114,000 after buying an additional 14 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in Waste Management during the first quarter valued at about $127,000. Finally, Parallel Advisors LLC increased its position in Waste Management by 38.1% in the first quarter. Parallel Advisors LLC now owns 1,787 shares of the business services provider’s stock valued at $130,000 after buying an additional 493 shares in the last quarter. Institutional investors and hedge funds own 75.59% of the company’s stock.
Waste Management, Inc. (WM) opened at 74.61 on Friday. The firm has a market cap of $32.83 billion, a P/E ratio of 25.55 and a beta of 0.71. Waste Management, Inc. has a 1-year low of $61.08 and a 1-year high of $76.00. The stock has a 50 day moving average price of $74.49 and a 200-day moving average price of $72.86.
Waste Management (NYSE:WM) last released its earnings results on Wednesday, July 26th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.81. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.62 billion. Waste Management had a net margin of 9.18% and a return on equity of 25.07%. Waste Management’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. Equities research analysts forecast that Waste Management, Inc. will post $3.19 EPS for the current year.
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WM has been the topic of several research reports. Oppenheimer Holdings, Inc. upped their price objective on Waste Management from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, July 5th. Zacks Investment Research raised Waste Management from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Thursday, June 22nd. BMO Capital Markets initiated coverage on Waste Management in a report on Thursday, June 29th. They set an “outperform” rating and a $81.00 price objective on the stock. Stifel Nicolaus upped their price objective on Waste Management from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, July 18th. Finally, Credit Suisse Group upped their price objective on Waste Management from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. 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 company. Waste Management currently has an average rating of “Hold” and an average price target of $75.51.
In other news, Director Patrick W. Gross sold 487 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $74.68, for a total transaction of $36,369.16. Following the transaction, the director now owns 23,222 shares in the company, valued at $1,734,218.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James C. Fish, Jr. sold 3,500 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $72.25, for a total transaction of $252,875.00. Following the transaction, the chief executive officer now owns 154,662 shares in the company, valued at approximately $11,174,329.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,940 shares of company stock worth $575,603. 0.19% of the stock is owned by company insiders.
About Waste Management
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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