Waste Management, Inc. $WM Holdings Boosted by Mirova US LLC

Mirova US LLC grew its position in shares of Waste Management, Inc. (NYSE:WM) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,517,789 shares of the business services provider’s stock after purchasing an additional 54,528 shares during the quarter. Waste Management makes up about 3.6% of Mirova US LLC’s holdings, making the stock its 9th largest position. Mirova US LLC owned 0.38% of Waste Management worth $347,300,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in WM. Brighton Jones LLC boosted its stake in shares of Waste Management by 51.1% during the fourth quarter. Brighton Jones LLC now owns 6,861 shares of the business services provider’s stock worth $1,384,000 after buying an additional 2,320 shares during the period. Sprott Inc. acquired a new stake in shares of Waste Management during the first quarter worth about $325,000. Park Avenue Securities LLC boosted its stake in shares of Waste Management by 92.1% during the first quarter. Park Avenue Securities LLC now owns 12,858 shares of the business services provider’s stock worth $2,977,000 after buying an additional 6,165 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Waste Management by 25.0% during the first quarter. Wedge Capital Management L L P NC now owns 18,201 shares of the business services provider’s stock worth $4,214,000 after buying an additional 3,639 shares during the period. Finally, Courier Capital LLC acquired a new stake in shares of Waste Management during the first quarter worth about $471,000. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Waste Management Price Performance

WM stock opened at $217.54 on Wednesday. The firm has a 50 day moving average of $223.72 and a 200-day moving average of $228.15. Waste Management, Inc. has a 12-month low of $199.69 and a 12-month high of $242.58. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 2.51. The company has a market cap of $87.63 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.66 and a beta of 0.64.

Waste Management (NYSE:WM) last posted its quarterly earnings results on Monday, July 28th. The business services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.03. Waste Management had a net margin of 11.36% and a return on equity of 34.37%. The company had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.37 billion. During the same period last year, the firm earned $1.82 EPS. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Waste Management has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Waste Management, Inc. will post 7.7 EPS for the current fiscal year.

Waste Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is presently 48.96%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WM. Scotiabank increased their target price on shares of Waste Management from $265.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 31st. Royal Bank Of Canada restated a “sector perform” rating and issued a $229.00 price objective on shares of Waste Management in a research report on Thursday, June 26th. National Bankshares reduced their price objective on shares of Waste Management from $250.00 to $243.00 and set a “sector perform” rating for the company in a research report on Tuesday. Erste Group Bank downgraded shares of Waste Management from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Finally, Citigroup reduced their price objective on shares of Waste Management from $275.00 to $268.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Waste Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.53.

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.