Andra Ap-fonden buys $27,848,059 stake in Waste Management (WM)

Waste Management (WM) : Andra Ap-fonden scooped up 32,800 additional shares in Waste Management during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 417,700 shares of Waste Management which is valued at $27,848,059.Waste Management makes up approximately 0.70% of Andra Ap-fonden’s portfolio.

Other Hedge Funds, Including , Guardian Capital Lp boosted its stake in WM in the latest quarter, The investment management firm added 2,721 additional shares and now holds a total of 162,060 shares of Waste Management which is valued at $10,804,540. Waste Management makes up approx 0.17% of Guardian Capital Lp’s portfolio.Norinchukin Bank The reduced its stake in WM by selling 5,399 shares or 12.56% in the most recent quarter. The Hedge Fund company now holds 37,571 shares of WM which is valued at $2,510,494. Waste Management makes up approx 0.06% of Norinchukin Bank The’s portfolio.Bartlett boosted its stake in WM in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 476 shares of Waste Management which is valued at $31,464.Shell Asset Management Co boosted its stake in WM in the latest quarter, The investment management firm added 3,081 additional shares and now holds a total of 303,191 shares of Waste Management which is valued at $20,040,925. Waste Management makes up approx 0.46% of Shell Asset Management Co’s portfolio.

Waste Management opened for trading at $64.1 and hit $64.56 on the upside on Monday, eventually ending the session at $64.37, with a gain of 0.63% or 0.4 points. The heightened volatility saw the trading volume jump to 22,33,540 shares. Company has a market cap of $28,470 M.

On the company’s financial health, Waste Management reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.71. The company had revenue of $3425.00 million for the quarter, compared to analysts expectations of $3403.58 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on Waste Management. Macquarie Initiated Waste Management on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $69.Waste Management was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Aug 9, 2016. Company shares were Downgraded by Barclays on Aug 9, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 70 from a previous price target of $66 .

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.

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