Curian Capital Lowers stake in Waste Management (WM)

Waste Management (WM) : Curian Capital reduced its stake in Waste Management by 67.41% during the most recent quarter end. The investment management company now holds a total of 94,389 shares of Waste Management which is valued at $6,381,640 after selling 195,244 shares in Waste Management , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Waste Management makes up approximately 0.46% of Curian Capital’s portfolio.

Other Hedge Funds, Including , Kistler-tiffany Companies reduced its stake in WM by selling 533 shares or 33.23% in the most recent quarter. The Hedge Fund company now holds 1,071 shares of WM which is valued at $72,410. Waste Management makes up approx 0.04% of Kistler-tiffany Companies’s portfolio.Stock Yards Bank Trust Co reduced its stake in WM by selling 50 shares or 1.22% in the most recent quarter. The Hedge Fund company now holds 4,058 shares of WM which is valued at $272,170. Waste Management makes up approx 0.04% of Stock Yards Bank Trust Co’s portfolio.Integrated Investment Consultants boosted its stake in WM in the latest quarter, The investment management firm added 235 additional shares and now holds a total of 3,344 shares of Waste Management which is valued at $224,282. Waste Management makes up approx 0.12% of Integrated Investment Consultants’s portfolio.

Waste Management opened for trading at $67.61 and hit $67.87 on the upside on Monday, eventually ending the session at $67.71, with a gain of 0.15% or 0.1 points. The heightened volatility saw the trading volume jump to 17,08,476 shares. Company has a market cap of $30,081 M.

On the company’s financial health, Waste Management reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.55. The company had revenue of $3176.00 million for the quarter, compared to analysts expectations of $3084.63 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Waste Management. Company shares were Reiterated by Imperial Capital on Apr 29, 2016 to “In-line”, Firm has raised the Price Target to $ 62 from a previous price target of $60 .Company shares were Reiterated by Wedbush on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $60 .Waste Management was Initiated by BofA/Merrill to “Neutral” on Apr 25, 2016.

Waste Management Inc. is a holding company. The Company through its subsidiaries provides waste management environmental services. The Company’s Solid Waste business is operated and managed locally by its subsidiaries that focus on geographic areas and provides collection transfer recycling and resource recovery and disposal services. The Company develops operates and owns landfill gas-to-energy facilities in the United States. The Company’s segments include Tier 1 which comprises areas in the Southern United States; Tier 2 which comprises areas located in the Midwest and Northeast United States and Tier 3 which encompasses the remaining areas including the Northwest and Mid-Atlantic regions of the United States and Eastern Canada. The Company owns or operates 252 landfill sites. It manages 298 transfer stations that consolidate compact and transport waste.

Leave a Reply

Waste Management - Is it time to Sell?

Top Brokerage Firms are advising their investors on Waste Management. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.