MQS Management LLC Acquires New Stake in Waste Management, Inc. $WM

MQS Management LLC acquired a new stake in Waste Management, Inc. (NYSE:WM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 897 shares of the business services provider’s stock, valued at approximately $205,000.

Several other institutional investors have also recently made changes to their positions in the stock. Leavell Investment Management Inc. lifted its position in shares of Waste Management by 0.9% during the second quarter. Leavell Investment Management Inc. now owns 33,383 shares of the business services provider’s stock worth $7,639,000 after acquiring an additional 291 shares in the last quarter. Burke & Herbert Bank & Trust Co. boosted its holdings in shares of Waste Management by 1.7% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 16,180 shares of the business services provider’s stock worth $3,702,000 after acquiring an additional 270 shares during the period. AG2R LA Mondiale Gestion D Actifs boosted its holdings in shares of Waste Management by 0.9% in the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 20,282 shares of the business services provider’s stock worth $4,641,000 after acquiring an additional 173 shares during the period. Richards Merrill & Peterson Inc. boosted its holdings in shares of Waste Management by 2.9% in the second quarter. Richards Merrill & Peterson Inc. now owns 6,349 shares of the business services provider’s stock worth $1,453,000 after acquiring an additional 179 shares during the period. Finally, Sage Mountain Advisors LLC boosted its holdings in shares of Waste Management by 23.1% in the second quarter. Sage Mountain Advisors LLC now owns 3,085 shares of the business services provider’s stock worth $706,000 after acquiring an additional 578 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays cut their price target on Waste Management from $272.00 to $271.00 and set an “overweight” rating for the company in a report on Thursday, October 9th. UBS Group cut their price target on Waste Management from $265.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, October 16th. William Blair reaffirmed an “outperform” rating on shares of Waste Management in a report on Tuesday, July 29th. Erste Group Bank cut shares of Waste Management from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Finally, BMO Capital Markets upped their price target on shares of Waste Management from $245.00 to $248.00 and gave the stock a “market perform” rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $253.00.

Waste Management Stock Down 4.5%

WM opened at $204.06 on Wednesday. The stock has a market cap of $82.20 billion, a PE ratio of 32.14, a P/E/G ratio of 2.63 and a beta of 0.64. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 2.51. Waste Management, Inc. has a 52 week low of $197.25 and a 52 week high of $242.58. The business’s fifty day simple moving average is $219.19 and its 200 day simple moving average is $226.95.

Waste Management (NYSE:WM) last released its earnings results on Monday, October 27th. The business services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.03). The firm had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.51 billion. Waste Management had a net margin of 10.35% and a return on equity of 33.77%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 EPS. Waste Management has set its FY 2025 guidance at EPS. As a group, research analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current fiscal year.

Waste Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 12th. Waste Management’s dividend payout ratio (DPR) is 48.96%.

About Waste Management

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.