Quarry LP Has $110,000 Stock Holdings in Waste Management, Inc. $WM

Quarry LP cut its position in shares of Waste Management, Inc. (NYSE:WM) by 64.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 473 shares of the business services provider’s stock after selling 862 shares during the quarter. Quarry LP’s holdings in Waste Management were worth $110,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Ascent Group LLC boosted its holdings in Waste Management by 0.6% during the fourth quarter. Ascent Group LLC now owns 7,534 shares of the business services provider’s stock valued at $1,520,000 after purchasing an additional 44 shares in the last quarter. Insight Wealth Strategies LLC boosted its holdings in Waste Management by 0.4% during the first quarter. Insight Wealth Strategies LLC now owns 11,655 shares of the business services provider’s stock valued at $2,698,000 after purchasing an additional 44 shares in the last quarter. Stonebridge Financial Group LLC boosted its holdings in Waste Management by 3.0% during the first quarter. Stonebridge Financial Group LLC now owns 1,533 shares of the business services provider’s stock valued at $355,000 after purchasing an additional 45 shares in the last quarter. Formidable Asset Management LLC boosted its holdings in Waste Management by 2.0% during the first quarter. Formidable Asset Management LLC now owns 2,317 shares of the business services provider’s stock valued at $536,000 after purchasing an additional 45 shares in the last quarter. Finally, KRS Capital Management LLC boosted its holdings in Waste Management by 3.1% during the first quarter. KRS Capital Management LLC now owns 1,548 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 46 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WM shares. CIBC lifted their price objective on Waste Management from $244.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, June 26th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $229.00 target price on shares of Waste Management in a report on Thursday, June 26th. JPMorgan Chase & Co. raised Waste Management from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $225.00 to $277.00 in a report on Friday, May 23rd. Scotiabank boosted their target price on Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 31st. Finally, UBS Group boosted their target price on Waste Management from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $254.35.

Waste Management Stock Performance

WM stock opened at $224.20 on Thursday. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.86 and a quick ratio of 0.82. The company has a 50 day moving average price of $228.05 and a 200 day moving average price of $229.73. Waste Management, Inc. has a fifty-two week low of $199.69 and a fifty-two week high of $242.58. The stock has a market capitalization of $90.31 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 2.78 and a beta of 0.64.

Waste Management (NYSE:WM) last issued its earnings results on Monday, July 28th. The business services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.89 by $0.03. The company had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.37 billion. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS. Waste Management has set its FY 2025 guidance at EPS. Analysts forecast that Waste Management, Inc. will post 7.7 EPS for the current year.

Waste Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.30 dividend on an annualized basis and a yield of 1.5%. Waste Management’s dividend payout ratio is presently 48.96%.

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.